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Power Grid reports net up of 33% at Rs 1,801.77 crore for Q1

The Power Grid Corporation has posted a 33 percent increase in the standalone net profit at Rs 1,801.77 crore for the quarter ended June 30.

Power Grid has said in a BSE filing that the company had clocked a net profit of Rs 1,355.64 crore in the year ago period.

The total standalone income of the company has also increased by 31 percent to Rs 6,119.86 crore in the April-June quarter of this fiscal as compared to Rs 4,689.88 crore during the same quarter of previous financial year.

The total expenses of the company were up at Rs 2,457.49 crore from Rs 1,933.24 crore during the period under review.

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