POWERGRID Q2 Net Profit rises 14% to Rs. 2,141 crore

Sarkaritel
By Sarkaritel November 4, 2017 09:10

POWERGRID Q2 Net Profit rises 14% to Rs. 2,141 crore


New Delhi, 04.11.2017 : Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company under Ministry of Power, GoI, has posted a net profit of ₹ 2,141 crore for the second quarter of FY 2017-18 (Jul-Sep, 2017), an increase of 14% against ₹ 1,872 crore reported during the corresponding quarter ended September 30, 2016.

Total Income (Turnover) for second quarter (Jul-Sep, 2017) rose to ₹ 7,492 crore, up by 16% from ₹ 6,480 crore in the corresponding year ago period. Income for first half of financial year FY18 rose to ₹ 14,882 crore, an increase of 17% over ₹ 12,739 crore reported last year.

On a standalone basis, POWERGRID had registered a net profit of ₹ 7,520 crore on a turnover of ₹ 26,581 crore in the FY 2016-17.

Sarkaritel
By Sarkaritel November 4, 2017 09:10