Power Grid Corporation of India Ltd Q3FY24; 11% rise in Profits

Power Grid Corporation of India Limited is a Maharatna CPSU and India’s largest electric power transmission company. GoI holds a 51.34% stake in the company as on March 31, 2021. PGCIL was incorporated in 1989 to set up extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines.

Financial Results:

Power Grid Corporation of India Ltd reported Revenues for Q3FY24 of ₹11,550.00 Crores up from ₹11,262.00 Crore year on year, a rise of 2.56%.

Total Expenses for Q3FY24 of ₹7,114.00 Crores down from ₹7,787.00 Crores year on year, a fall of 8.64%.

Consolidated Net Profit of ₹4,028.00 Crores up 10.51% from ₹3,645.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.33, up 10.46% from ₹3.92 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.