POWERGRID Q2 Net Profit rises 9% to ₹ 2571.10 Crore

Sarkaritel
By Sarkaritel November 7, 2019 20:29


New Delhi, 07.11.2019

Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Enterprise under Ministry of Power, Government of India, has posted a net profit of ₹ 2571.10 Crore for the second quarter of FY 2019-20 (Jul-Sep, 2019), an increase of 9% against ₹2348.25 Crore reported during the corresponding quarter ended September 30, 2018.

Total Income (Turnover) for second quarter (Jul-Sep, 2019) rose to ₹9260.46 Crore, up by 6% from  ₹ 8718.20 Crore in the corresponding quarter ended September 30, 2018.

Total Income for first half of financial year 2019 – 20 rose to ₹18622.18 Crore, an increase of 9% over ₹17094.68 Crore reported during the corresponding half year ended September 30, 2018.

On a standalone basis, POWERGRID had registered a net profit of ₹4955.03 Crore on a total Income (turnover) of ₹ 18411.55 Crore during the half year ended September 30, 2019.

Sarkaritel
By Sarkaritel November 7, 2019 20:29