PowerGrid posts PAT of Rs 3,376 Crore for Q2 FY22

New Delhi: Power Grid Corporation of India Limited (POWERGRID)has announced unaudited financial results for Q2FY22 ending 30th September 2021.

The company has reported PAT of Rs. 3,376.38 crore and a Total Income of Rs. 10,514.74 crore on a consolidated basis registering a YoY growth of 9% and 7% respectively. On a standalone basis, the Company has posted PAT and Total Income of Rs.3,338.27 crore and Rs.10,472.00 crore respectively registering a YoY growth of 7% and 6% respectively during Q2FY22.

 

For a six-month period (H1FY22), the PAT and Total Income on a consolidated basis are Rs.9,374.66 crore and Rs. 20,906.35 crore respectively, which are about 82% and 6% higher with respect to the corresponding period of FY21, while on a standalone basis, the PAT and Total Income are Rs.9,423.68 crore and Rs.20,757.38 crore respectively, registering a growth of 85% and 6% respectively.

 

The Company incurred a Capital Expenditure of Rs.1,939 crore and capitalized assets worth Rs.7,633 crore (excluding FERV) on a consolidated basis during Q2FY22. POWERGRID’s Gross Fixed Assets on a consolidated basis stood at Rs.2,54,997 crore as on September 30, 2021.

During the quarter, 2,100 ckm transmission lines and 14,000 MVA transformation capacity has been added. The Inter-Regional (IR) power transfer capacity has been enhanced by 5700 MW, with the commissioning of 765 kV D/c Vindhyachal -Varanasi line (4200MW) and Bipole-II (Pole 3) 1500 MW, ±800 kV HVDC Raigarh-Pugalur link. The IR capacity of National Grid stands at 1,10,750 MW at the end of Q2- FY22.

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