Markets

News Details

( 20 Jun 2020)
Power Grid Corpo Q4 net profit up 4.21% at Rs 3182.66 cr

The company reported standalone net profit of Rs 3,182.66 crore for the quarter ended March 31, 2020 as compared to Rs 3053.96 crore in the same period last year, registering a year-on-year growth of 4.21 per cent.

Net revenue of the company rose by 5.28 per cent at Rs 9,704.47 crore in January-March quarter of this fiscal as against Rs 9,218.08 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 14.58 per cent to Rs 1,632.32 crore from Rs 1,424.66 crore in year ago period.

Other Income grew by 79.79 per cent at Rs 705.05 crore versus (Mar'19 Rs 392.16 crore).

Operating Profit surged by 3.58 per cent to Rs 8,072.15 crore as against Rs 7,793.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.61 per cent in March quarter.

Interest grew by 10.07 per cent y-o-y to Rs 2,604.35 crore, while Taxation increased by 120.97 per cent at Rs 1,102.37 crore (Mar'19 Rs -5,256.77 crore).