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    Power Grid Corpo Q1 net profit down 32.36% at Rs 3765.86 cr


    August 8, 2022 - Dion Global Solutions Limited

     

      India, Aug. 8 -- The company reported standalone net profit of Rs 3,765.86 crore for the quarter ended June 30, 2022 as compared to Rs 5567.41 crore in the same period last year, registering a year-on-year decline of 32.36 per cent.

      Net revenue of the company rose moderately by 6.85 per cent at Rs 10,446.08 crore in April-June quarter of this fiscal as against Rs 9,776.62 crore in the corresponding period last year.

      During April-June quarter, operating expenses increased by 36.55 per cent to Rs 1,644.36 crore from Rs 1,204.26 crore in year ago period.

      Other Income grew by 12.19 per cent at Rs 570.80 crore versus (Jun'21 Rs 508.76 crore).

      Operating Profit surged by 2.68 per cent to Rs 8,801.72 crore as against Rs 8,572.36 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.90 per cent in June quarter.

      Interest declined by 13.75 per cent y-o-y to Rs 1,981.75 crore, while Taxation decreased by 63.04 per cent at Rs 502.29 crore (Jun'21 Rs 1,359.03 crore). Published by HT Digital Content Services with permission from Dion Global Solutions Limited. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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