Power Grid Q3 profit rises 14% YoY to Rs 2,331 crore
The power company had posted Rs 2,040.83 crore profit in the same period last year.
By ETMarkets.com | Updated:
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NEW DELHI: Electric utility company Power Grid on Thursday reported 14.22 per cent year-on-year (YoY) rise in profit at Rs 2,331.17 crore for December quarter.
The power company had posted Rs 2,040.83 crore profit in the same period last year.
Revenue from operations jumped 12.84 per cent to Rs 8,471.17 crore from Rs 7,506.95 crore in the same quarter last year. This was marginally lower than Rs 8,550 crore revenue estimated by analysts in an ET Now poll.
EBITDA increased by 12.33 per cent YoY to Rs 7571 crore during the quarter under review against Rs 6740 crore in the corresponding quarter last year.
Expenses jumped to Rs 5,781.80 crore from Rs 5,042.66 crore in the same period last year.
The power company had posted Rs 2,040.83 crore profit in the same period last year.
Revenue from operations jumped 12.84 per cent to Rs 8,471.17 crore from Rs 7,506.95 crore in the same quarter last year. This was marginally lower than Rs 8,550 crore revenue estimated by analysts in an ET Now poll.
EBITDA increased by 12.33 per cent YoY to Rs 7571 crore during the quarter under review against Rs 6740 crore in the corresponding quarter last year.
Expenses jumped to Rs 5,781.80 crore from Rs 5,042.66 crore in the same period last year.
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