Power Grid Corporation of India declared its quarter result for June 30th 2016. Power Grid is an Indian state-owned electric utilities company and is crowned among the Navratna companies of India. Powergrid share price has touched a new 52 weeks high of Rs. 183.10 which remained its intraday high.
Financials:
- Net profit: The Company reported 32.90% rise in net profit at Rs 1807.77 crore for the quarter ended June 30, 2016. Net profit for the same quarter in the previous year stood at Rs 1355.64.
- Total income: A jumped by 30.49% year-on-year was reported by company regarding its total income. The value was Rs 6119.86 crore for the quarter under review against Rs 4,689.88 crore in the same quarter last year. The rise in the total income and net profit failed to impress Power grid share price miserably.
- Other Income: Other incomes of Power Grid stood at Rs 139.44 crore with the jump by 36% for the quarter ended June 30, 2016 against Rs 102.50 for the same quarter ended last financial year.
- Transmission and Telecom Income: The transmission income and the telecom income of the company jumped to Rs 5,838.19 crore and 110.48 crore as compared to Rs 4512.49 crore and Rs 87.83 crore, respectively, in the corresponding period last year.
- Total Expenditure: Power Grid reported a jump by 27.11% in its total expenditure. The value stood at Rs 2457.49 crore for the quarter under review against Rs 1933.24 crore in the same quarter last year.
Power Grid share price was trading 1.74% up at Rs 181 at 2.03 pm today’s trade. The scrip opened the day at Rs 178.80 and closed at Rs. 176.90 with a drop of 0.65%. The intraday low of the scrip remained Rs 178.80. For more details refer to the Power Grid share price history page of Dynamic Levels website.
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