Power Grid Q2 profit rises 9% to Rs 2,527 crore, meets estimates

Power GridNSE -1.26 % Corporation of India on Thursday reported a 9.37 per cent year-on-year rise in standalone profit at Rs 2,527 crore for the quarter ended September 30. The state-run company had posted a profit of Rs 2,310.59 crore in the corresponding quarter last year.

Analysts in an ETNow poll had projected a net of Rs 2,500 crore.

Revenue from operations increased 4.78 per cent to Rs 8,684.98 crore from Rs 8,289.01 crore in the same period last year. Analysts were estimating a revenue of Rs 8,950 crore.