[India] - PowerGrid Q1 results: Net revenue up 3.52% at Rs 3,723.92 cr as earnings rises

INSUBCONTINENT EXCLUSIVE:
The company also reduced its expenses to Rs 6,643.07 crore from Rs 6,688.51 crore in the same quarter a year ago | Photo: Shutterstock1 min
read Last Updated : Jul 26 2024 | 10:12 PM IST Power Grid Corporation of India (PowerGrid) on Friday posted a 3.52 per cent rise in its
consolidated net profit to Rs 3,723.92 crore for the June quarter, mainly on account of higher income. It had clocked Rs 3,597.16 crores
profit for the year-ago period, the company said in an exchange filing. During the quarter, its total income rose to Rs 11,279.59 crore
from Rs 11,257.60 crore in the April-June quarter of the preceding 2023-24 fiscal. The company also reduced its expenses to Rs 6,643.07
crore from Rs 6,688.51 crore in the same quarter a year ago.(Only the headline and picture of this report may have been reworked by the
Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Jul 26 2024 | 10:12 PMIST