Power Grid Q1 results: Net profit falls 18% to Rs 2,048 cr

Power Grid Q1 results: Net profit falls 18% to Rs 2,048 cr

NEW DELHI: Express-owned Energy Grid Corporation of India Ltd on Monday posted an over 18 per cent tumble in its consolidated get earnings to Rs 2,048.42 crore for the June 2020 quarter.

The company’s consolidated get earnings had stood at Rs 2,502.80 crore within the corresponding quarter of the previous financial yr 2019-20, in accordance to a BSE filing.

Its total earnings rose to Rs 9,816.72 crore within the April-June 2020 duration, compared with Rs 9,361.72 crore within the yr-ago duration.

Fees rose to Rs 6,277.29 crore, from Rs 5,982.30 crore a yr ago.

Energy Grid transmits about 50 per cent of the total strength generated in India on its transmission network.

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