POWERGRID Q3 net profit rises 15 pct to 2673 crore PSU NEWS

POWERGRID Q3 net profit rises 15 pct to 2673 crore

 

New Delhi. Power Grid Corporation of India Limited has posted a Profit After Tax of ?2,673 crore and Total Income of ?9,497 crore for the third quarter (Oct-Dec,2019)on standalone basis.
 
On a consolidated basis, the Company has posted Profit After Tax and Total Income of ?2,672crore and ?9,541 crore respectively for the third quarter (Oct-Dec,2019), registering an increase of about 14% &7% respectively with respect to corresponding period of FY19.
 
For nine-month period (Apr-Dec, 2019), the Profit After Tax and Total Income on standalone basis are ?7,629 crore and ?27,908 crore respectively, which are about 11% and 7% higher with respect to corresponding period of FY19, while on consolidated basis, the Profit After Tax and Total Income are ?7,746 croreand ?28,163 crore are respectively, registering a growth of 11 % and 8 % respectively.
 
Capital expenditure and capitalization during the quarter was about ?3,953 crore and ? 5,230 crore (excluding FERV) respectively, on a consolidated basis. For the nine month period (Apr-Dec, 2019) capital expenditure and capitalization was about ?10,485 crore and ?10,917 crore (excluding FERV) on a consolidated basis. POWERGRID’s Gross Fixed Assets on a consolidated basis stood at about ? 218,838 crore as on Dec 31, 2019. The Company has targeted a capital expenditure of ?15,000 crore for FY2019-20.


Posted Date :  01-02-20

Categories : PSU NEWS

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