Power Grid Corporation of India Reports 5.9% Decline in Q1 Net Profit

1 Aug 2023 , 01:22 PM

Power Grid Corporation of India announced its Q1FY24 results on July 31. Standalone net profit for the quarter declined by 5.9% to Rs 3,542.7 crore compared to last year.

Revenue from operations during Q1FY24 stood at Rs 10,436 crore, with a marginal decline of 0.1% from the year-ago period.

EBITDA for the June quarter grew by 3.4% to Rs 9,099.4 crore compared to the previous year, with an EBITDA margin of 87.2%. Revenue from the transmission segment increased by 1% to Rs 10,829 crore during the quarter. Revenue from the telecom segment grew by 11.5% to Rs 212 crore in Q1FY24.

For feedback and suggestions, write to us at [e-mail]