PGCIL Q1 net zooms 33% at Rs 1,801.77 cr

PGCIL Q1 net zooms 33% at Rs 1,801.77 cr

16/08/2016 16:32

State-owned electric utility firm Power Grid Corporation of India Ltd (PGCIL) has registered a growth of 32.9 per cent in its standalone net profit after taxes (PAT) at Rs 1,801.77 crore for the first quarter ended June 30, 2016.

“The standalone PAT of the company stood at Rs 1,355.64 crore during the same period a year ago,” said Power Grid Corporation of India Ltd in a filing to the Bombay Stock Exchange on August 16, 2016.

Further, the standalone total income of the company also grew by 30.6 per cent at Rs 6,259.3 crore during Q1 FY17, as compared to Rs 4,792.38 crore during the same period last year.

Its total expenses rose 18.51 per cent to Rs 2,457.49 crore in the quarter ended June 30, 2016, as against Rs 1,933.24 crore during the previous quarter ended June 30, 2015.

Meanwhile, shares of the company closed at Rs 177.55 apiece, down 0.20 per cent, from previous close on BSE.

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