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PowerGrid net profit up 9% at Rs 2,240 cr in Apr-Jun qtr

The company's transmission income stood at Rs 6,029.65 crore for the quarter compared to Rs 5,538.85 crore in the same period last fiscal, as per final tariff orders issued by the power regulator CERC.
Jul 31, 2018 / 09:05 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
 
 
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State-owned transmission utility Power Grid Corporation today posted over nine percent rise in standalone net profit to Rs 2,240.54 crore for the first quarter this fiscal on the back of higher revenues. It had reported Rs 2,052.41 crore standalone net profit in the quarter ended June 30, 2017, the company said in a BSE filing.

According to the filing, total income of the company rose to Rs 8,427.67 crore in the quarter under review as against Rs 7,389.83 crore a year ago.

The company's transmission income stood at Rs 6,029.65 crore for the quarter compared to Rs 5,538.85 crore in the same period last fiscal, as per final tariff orders issued by the power regulator CERC.

It has also recognised transmission income of Rs 1,752.04 crore for the quarter compared to Rs 1,278.72 crore a year ago, in respect of transmission assets for which final tariff orders are yet to be issued as per the CERC Tariff Regulations and other orders in similar cases.

The company's revenues from telecom business increased to Rs 191.26 crore in the June quarter from Rs 157.66 crore in the same period previous fiscal.
PTI
first published: Jul 31, 2018 09:05 pm

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