Powergrid's consolidated profit after tax crosses Rs 12k cr

| | New Delhi
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Powergrid's consolidated profit after tax crosses Rs 12k cr

Saturday, 19 June 2021 | PNS | New Delhi

Power Grid Corporation of India Limited (POWERGRID) has posted total income of . Rs 40,824 crore and Profit After Tax of Rs 12,036 crore on consolidated basis for the financial year ended March 31, 2021, registering a growth of 6 % and 9% respectively over corresponding amounts for FY 2019-20. On a standalone basis, the Company achieved Total Income of . 40,527 crore and Profit After Tax of . 11,936 crore registering a growth of 6% and 10% respectively over the previous financial year.

For the fourth quarter (Jan-March, 2021), the Total Income and Profit After Tax on consolidated basis are . 10,816 crore and . 3,526 crore respectively, while on standalone basis, the Total Income and Profit After Tax are . 10,705 crore and .3,516 crore respectively.

During the financial year FY 2020-21, the Company incurred a Capital Expenditure of . 11,284 crore and capitalized assets worth . 21,467 crore (excluding FERV) on consolidated basis. POWERGRID’s Gross Fixed Assets on a consolidated basis stood at . 2,41,498 crore as on March 31, 2021 as against .             

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