{"id":150690,"date":"2023-08-01T06:38:42","date_gmt":"2023-08-01T10:38:42","guid":{"rendered":"https:\/\/44.250.171.167\/?p=150690"},"modified":"2023-08-01T06:38:44","modified_gmt":"2023-08-01T10:38:44","slug":"power-grid-corporation-of-india-ltd-q1fy24-5-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/power-grid-corporation-of-india-ltd-q1fy24-5-fall-in-profits\/","title":{"rendered":"Power Grid Corporation of India Ltd Q1FY24; 5% fall in Profits"},"content":{"rendered":"\n<p>Power Grid Corporation of India Limited is a Maharatna CPSU and India\u2019s 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Power Grid Corporation of India Ltd reported Revenues for Q1FY24 of \u20b911,048.00 Crores up from \u20b910,905.00 Crore year on year, a rise of 1.31%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b97,039.00 Crores up from \u20b96,916.00 Crores year on year, a rise of 1.78%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b93,597.00 Crores down 5.37% from \u20b93,801.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b95.16, down 5.32% from \u20b95.45 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-15.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-15-839x1024.png\" alt=\"\" class=\"wp-image-150691\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-15-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-15-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-15-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-15-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-15.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Grid Corporation of India Limited is a Maharatna CPSU and India\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5746],"tags":[8621,10066],"class_list":["post-150690","post","type-post","status-publish","format-standard","hentry","category-infographics","category-energy-stocks","tag-electric-power","tag-transmission-equipment"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":158524,"url":"https:\/\/alphastreet.com\/india\/power-grid-corporation-of-india-ltd-q3fy24-11-rise-in-profits\/","url_meta":{"origin":150690,"position":0},"title":"Power Grid Corporation of India Ltd Q3FY24; 11% rise in Profits","author":"Chirag Gupta","date":"February 7, 2024","format":false,"excerpt":"Power Grid Corporation of India Limited is a Maharatna CPSU and India\u2019s largest electric power transmission company. 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