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POWERGRID

Reputation: 642,681 • Nov 7, 2023 11:46 PM

Power Grid Q2 Results: PAT rises 5% YoY to Rs 3,834 crore; dividend declared at Rs 4/share

Revenue from operations, however, declined marginally by 0.5% on year to Rs 10,419.41 crore. The mainstay transmission business saw a 0.5% drop in revenue to Rs 10,359 crore. The consultancy business reported a 13% growth in revenue to Rs 157 crore. The operating profit, calculated as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose nearly 4% on year to Rs 9,207.32 crore. Operating margin improved 363 basis points to 88.37%.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Power Grid Corporation of India reported a 5% year-on-year growth in net profit for the quarter ended September 2023 to Rs 3,834 crore.
• The company's revenue from operations declined marginally by 0.5% on year to Rs 10,419.41 crore.
• The board has recommended an interim dividend of Rs 4 per share for the current financial year.
https://economictimes.indiatimes.com/markets/stocks/earni...
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