iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Power Grid Corp Q3 PAT declines 2% YoY to Rs 3,292 cr

10 Feb 2022 , 09:21 AM

Net revenue from operations rose by 3% to Rs 10,446.88 crore in Q3 FY22 from Rs 10,142 crore posted in the same quarter last year. Profit before tax fell 6% to Rs 4,178 crore in Q3 FY22 over Q3 FY21.

On the margins front, the PSU companys operating margin stood at 87% in Q3 FY22, slightly lower than 89% recorded in the corresponding period last year. Net profit margin marginally declined to 31% in Q3 FY22 from 32% registered in the same period last year.

The company also announced a second interim dividend for the current fiscal at Rs 5.5 per share. It will credit the dividend on March 8, the company said.

Shares of PowerGrid were trading 1.84% higher at Rs 213.15 on BSE in early trade.

Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. As of 31 December 2021, the Government of India owned 51.34% stake in the company.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.