Power Grid Corporation of India reported 13.90% rise in consolidated net profit to Rs 2672.03 crore in Q3 December 2019 as compared to Rs 2345.97 crore reported in the same period last year.
Profit before tax and regulatory deferral account balances was almost flat at Rs 3,135.97 crore in Q3 December 2019 as against Rs 3,142.22 crore in Q3 December 2018.
Revenue from operations rose 7.20% to Rs 9364.36 crore in Q3 December 2019 from Rs 8735.75 crore in Q3 December 2018. Revenues from the transmission segment stood at Rs 8857.92 crore (up 2.31% YoY), consultancy segment were at Rs 144.01 crore (up 205.88% YoY) and those of telecom segment stood at Rs 197.97 crore (up 0.91% YoY).
Total tax expenses of the corporation have come down sharply in the December quarter to Rs 826.03 crore, down by 45.12% from Rs 1505.18 crore in Q3 December 2018.
Shares of Power Grid Corporation of India ended 3.86% lower on Friday at Rs 186.90.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app