Power Grid Corporation of India reports 11% rise in Q3 consolidated net profit

India, Feb. 1 -- Power Grid Corporation of India has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a rise of 10.52% in its net profit at Rs 3701.72 crore for the quarter under review as compared to Rs 3349.44 crore for the same quarter in the previous year. Total income of the company increased 7.86% at Rs 11472.46 crore for Q3FY23 as compared to Rs 10636.56 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 10.70% in its net profit at Rs 3645.34 crore for the quarter under review as compared to Rs 3292.97 crore for the same quarter in the previous year. Total income of the company increased 7.52% at Rs 11530.22 crore for Q3FY23 as compared to Rs 10723.61 crore for the corresponding quarter previous year. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com