InvestorQ : How do you see the latest results of Power Grid Corporation for the Jun-20 quarter?
vidhya Laxmi made post

How do you see the latest results of Power Grid Corporation for the Jun-20 quarter?

Answer
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sarah Leo answered.
1 month ago


Power Grid Corporation posted 18% fall in its net profits at Rs.2048 crore for the Jun-20 quarter. For the Jun-20 quarter, the revenue from operations went up marginally by about 3 to Rs.9457 on the back of buoyant revenue flows despite the lockdown.

During the Jun-20 quarter, Power Grid recognized Rs.1075 crore as one-time consolidated rebate to distribution companies. This was offered to most of the state governments and shown as an exceptional item in the books of the company.