Connect with us

Hi, what are you looking for?

Finance

Power Grid Q2 profit rises 8% YoY to Rs 2,309 crore, meets Street estimates

ETMarkets.com|

Nov 05, 2018, 06.07 PM IST

Revenue from ope..

ETMarkets.com|

Nov 05, 2018, 06.07 PM IST

Revenue from operations increased to Rs 8,283.03 crore in Q2FY19 over Rs 7,252.84 crore last year.

PEER COMPANIES

Power Grid Corporation of India on Monday reported a 7.86 per cent year-on-year rise in profit at Rs 2,309.49 crore for the quarter ended September 30. The power utility firm had posted a profit of Rs 2,141.04 crore in the corresponding quarter last year.

Analysts in an ET NOW poll had estimated the profit figure at Rs 2,280 crore.

Revenue from operations increased to Rs 8,283.03 crore in Q2FY19 over Rs 7,252.84 crore in Q2FY18.

Earlier during the day, shares of the company closed 1.82 per cent down at Rs 186.40.

Total expenditure of the company increased to Rs 6168.34 crore during the quarter under review against Rs 4880.25 crore in the same period last year.

Read more on

Commenting feature is disabled in your country/region.

Original Article

[contf]
[contfnew]

ET Markets

[contfnewc]
[contfnewc]

Finance

In an interview with ET Now, Dabur India Director Mohit Burm..

Science

The 147th Open championship will be at Carnoustie Golf Club in Scotland. Jan Kruger/R&A Golfers ..

Tech

Enlarge Oliver Morris/Getty Images) In response to an Ars re..

Tech

Enlarge/ You wouldn't really want to use Nvidia's ..