Power Grid Q3 net up 18% at Rs 1,228.91 crore

State-owned Power Grid Corp today reported 18 per cent increase in net profit at Rs 1,228.91 crore for the third quarter ended December 31, 2014, on the back of rise in income from operations.
The company had posted a net profit of Rs 1,042.04 crore in the corresponding period, last financial year (2013-14), Power Grid Corporation said in a regulatory filing to stock exchanges.
Central transmission utility's total income from operations rose to Rs 4,353.62 crore in October-December quarter, from Rs 3,684.55 crore in the same period of 2012-13.
The company's revenue from transmission business stood at Rs 4,240.05 crore as against Rs 3,527.02 crore in the same period, last fiscal.

Revenues from telecom segment stood at Rs 77.66 crore as compared to Rs 67.68 crore in the corresponding period, previous fiscal.
However, the company witnessed a drop in revenue from its consultancy business at Rs 110.47 crore from Rs 147.70 crore, the stock exchange filing said.
Shares of the company closed at Rs 145.80, up 0.55 per cent on the BSE.