Power Grid Corporation of India Q1FY25 net profit rises 3.52% to Rs 3,724 cr
Mumbai: Power Grid Corporation of India (PowerGrid) reported a 3.52 percent increase in its consolidated net profit, reaching Rs 3,723.92 crore for the June quarter.
This growth is primarily attributed to higher income.
In the same period last year, the company's profit was Rs 3,597.16 crore, according to an exchange filing.
For the June quarter, PowerGrid's total income increased to Rs 11,279.59 crore, up from Rs 11,257.60 crore in the April-June quarter of the previous fiscal year, 2023-24.
The company reduced its expenses to Rs 6,643.07 crore from Rs 6,688.51 crore in the same quarter a year earlier.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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