Powergrid Q2 net profit rises 9% to Rs 2571.10 cr
Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Enterprise under Ministry of Power, Government of India, has posted a net profit of Rs 2571.10 crore for the second quarter of FY 2019-20 (Jul- Sep, 2019), an increase of 9% against Rs 2348.25 crore reported during the corresponding quarter ended September 30, 2018.
Total Income (Turnover) for second quarter (Jul-Sep, 2019) rose to Rs 9260.46 crore, up by 6% from Rs 8718.20 crore in the corresponding quarter ended September 30, 2018.
Total Income for first half of financial year 2019 – 20 rose to Rs 18622.18 crore, an increase of 9% over Rs 17094.68 Crore reported during the corresponding half year ended September 30, 2018.
On a standalone basis, POWERGRID had registered a net profit of Rs 4955.03 crore on a total Income (turnover) of Rs 18411.55 Crore during the half year ended September 30, 2019.
