Tuesday, 30 May 2017

Power Grid Q4 net profit rises 22%

State-owned Power Grid Corporation of India on Monday announced a 22.17 increase in its standalone net profit for the fourth quarter ended March at Rs 1,916.36 crore, compared with Rs 1,568.58 crore in the same period of 2015-16. Standalone total income during the said quarter increased 17.87 per cent to Rs 7,054.45 crore, from Rs 5,984.49 crore in the corresponding period of the previous fiscal, the company said in BSE filing. For the full 2016-17 fiscal, the company's standalone net profit rose 26.42 per cent to Rs 7,520.15 crore, from Rs 5,948.50 crore in the previous year.

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