POWERGRID Q1 consolidated net profit rises to Rs 2,503 crore
Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company under Ministry of Power, Government of India, has posted a consolidated net profit of Rs 2,503 crore for the first quarter of FY 2019-20 (April-June, 2019), an increase of10% against Rs 2278 crore reported during the corresponding quarter ended June 30, 2018.
Total Consolidated Income for first quarter (April-June, 2019), rose to Rs 9362 crore, up by 12% from Rs 8376 crore in the corresponding period year ago.
On a standalone basis, POWERGRID had registered a net profit of Rs 2428 crore on a Total Income of Rs 9228 crore in the FY 2018-19.
