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11-Nov-2023

Power Grid Corporation of India

Sales up 1%, net up 4%


''Standalone net sales (including other operating income) of Power Grid Corporation of India for the quarter ended Sep 2023 has declined 0.47% to Rs 10,419.41 crore.  Operating profit margin has jumped from 84.41% to 86.85%, leading to 2.40% rise in operating profit to Rs 9,048.87 crore.  Other income up 46.83% to Rs 786.4 crore.  PBIDT rose 4.94% to Rs 9835.27 crore.  Provision for interest up 8.78% to Rs 2389.13 crore.   PBDT rose 3.76% to Rs 7446.14 crore.  Provision for depreciation down 1.77% to Rs 3141.78 crore.  Profit before tax grew 8.21% to Rs 4,304.36 crore.  Provision for tax was expense of Rs 509.46 crore, compared to Rs 377.99 crore.  Effective tax rate was 11.84% compared to 9.50%. Profit after tax rose 5.42% to Rs 3,794.90 crore.  

 

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