State-run Power Grid Corporation today posted 32 percent rise in standalone net profit at Rs 1,872 crore for the quarter ended September 30 on the back of higher income from operations.
The company had clocked a net profit of Rs 1,418 crore on a standalone basis in the corresponding quarter of previous fiscal, Power Grid Corporation said in a filing to BSE.
Total income increased to Rs 6,480.2 crore in July-September this year, over Rs 4,990 crore in the year-ago period, the company said in a release.
The firm's revenues from transmission business rose to Rs 6,100.6 crore during the July-September quarter from Rs 4,721.22 crore in the year-ago period. From consultancy, the company's revenue was also higher at Rs 154.21 crore in September quarter 2016-17 as against Rs 100.7 crore in the same quarter last fiscal.
Income from telecom business was at Rs 143.31 crore in the first quarter compared to Rs 107.89 crore during the corresponding quarter last fiscal.
Power Grid Corporation, the central transmission utility, is engaged in bulk power transmission.
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