Powergrid Q2 net profit rises 9% to Rs 2571.10 cr

| | New Delhi
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Powergrid Q2 net profit rises 9% to Rs 2571.10 cr

Friday, 08 November 2019 | PNS | New Delhi

Powergrid Q2 net profit rises 9% to Rs 2571.10 cr

Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Enterprise under Ministry of Power, Government of India, has posted a net profit of Rs 2571.10 crore for the second quarter of FY 2019-20 (Jul- Sep, 2019), an increase of 9% against Rs 2348.25 crore reported during the corresponding quarter ended September 30, 2018.

Total Income (Turnover) for second quarter (Jul-Sep, 2019) rose to Rs 9260.46 crore, up by 6% from Rs  8718.20 crore in the corresponding quarter ended September 30, 2018.

Total Income for first half of financial year 2019 - 20 rose to Rs 18622.18 crore, an increase of 9% over Rs 17094.68 Crore reported during the corresponding half year ended September 30, 2018.

On a standalone basis, POWERGRID had registered a net profit of Rs 4955.03 crore on a total Income (turnover) of Rs 18411.55 Crore during the half year ended September 30, 2019.

POWERGRID’s physical assets as on September 30, 2019 include more than 160,937 ckm Transmission Lines, 244 Sub-Stations with transformation capacity of more than 383,273 MVA.

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