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Power Grid Corporation of India Ltd Q4FY24; 4% fall 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 Q4FY24 of ₹11,978.00 Crores down from ₹12,264.00 Crore year on year, a fall of 2.33%.

Total Expenses for Q4FY24 of ₹7,242.00 Crores up from ₹7,222.00 Crores year on year, a rise of 0.28%.

Consolidated Net Profit of ₹4,166.00 Crores down 3.63% from ₹4,323.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.48, down 3.66% from ₹4.65 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.

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