Q3FY17 Results: Power Grid Corporation of India Ltd.
Bhagyashree Vivarekar / 09 Feb 2017
Power Grid Corporation of India Ltd. Ltd. reported its results for the quarter ended December 31, 2016 today. The company's standalone numbers were largely above expectations.
Power Grid Corporation of India Ltd. Ltd. reported its results for the quarter ended December 31, 2016 today.
The company's standalone numbers were largely above expectations
The company reported total sales of Rs 6629.76 crore for Q3FY17, which represents a 5.99 per cent sequential increase and 23.47 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 3993.88 crore and its EBIT margin was 60.24 per cent.
The company reported PAT of Rs 1930.02 crore, which represents a sequential QoQ increase of 3.1 per cent and a YoY increase of 20.16 per cent.
The company's Board has declared interim dividend of Rs 1 per share of face value of Rs 10 each.
Power Grid Corporation of India Ltd is a Government of India enterprise engaged in the business of transmission of electric power across the country. The company's business segments include transmission, consultancy, RLDCs (system operations), ULDCS-other assets and telecom.
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