 "Power Grid Q1 consolidated net profit rises 10% to Rs 2,502 crore")
State-owned Power Grid Corporation on Friday posted nearly 10 per cent rise in its consolidated net profit to Rs 2,502.80 crore for the June 2019 quarter, mainly due to higher revenues.
The company's consolidated net profit was Rs 2,277.87 crore in the corresponding quarter a year ago, a BSE filing said.
Its total income rose to Rs 9,361.72 crore in the April-June 2019 period, compared with Rs 8,376.48 crore in the year-ago period, according to the statement.
Revenue from the firm's power transmission business rose to Rs 9,043.59 crore, against Rs 8,058.38 crore in the June 2018 quarter.
Similarly, Power Grid's revenue from the telecom segment increased to Rs 194.03 crore in the quarter, from Rs 191.2 crore a year ago.
However, revenue from its consultancy segment dropped to Rs 126.34 crore, compared with Rs 151.96 crore.
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