Power Grid Corporation of India (Power Grid) on Friday reported a 2.5% decline in its standalone net profit to Rs 4,214.40 crore in the quarter ending March, as per its filing of financial results with the BSE.
The state-run company, which is into transmission, distribution and trading of energy, saw a 12.5% hike in its revenue from operations to Rs 11,494.90 crore in Q4FY23 y-o-y. Its shares closed at Rs 233.80, down 0.64%, on BSE.
For full FY23, Power Grid saw a 10% decline in net profit to Rs 15,333.02 crore as against Rs 17,093.76 crore in the previous fiscal. However, revenue from operations went up 8.5% to Rs 43,343.05 crore in FY23.
