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07-Nov-2024

Power Grid Corporation of India

Sales down 2%, net down 3%


''Standalone net sales (including other operating income) of Power Grid Corporation of India for the quarter ended Sep 2024 has declined 1.53% to Rs 10,260.06 crore.  Operating profit margin has jumped from 86.85% to 88.05%, leading to 0.17% decline in operating profit to Rs 9,033.89 crore.  Employee cost increased from 5.32% to 6.03%.   Other expenses rose from 6.31% to 8.33%.   Other income up 42.84% to Rs 1123.28 crore.  PBIDT rose 3.27% to Rs 10157.17 crore.  Provision for interest up 9.02% to Rs 2604.55 crore.     PBDT rose 1.43% to Rs 7552.62 crore.  Provision for depreciation rose 0.63% to Rs 3161.68 crore.   Profit before tax grew 2.01% to Rs 4,390.94 crore.  Provision for tax was expense of Rs 679.78 crore, compared to Rs 509.46 crore.  Effective tax rate was 15.48% compared to 11.84%. Profit after tax fell 2.21% to Rs 3,711.16 crore.  

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