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.
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