Power Grid Corporation of India reports that its June-quarter (Q1) revenue rises year-on-year, while net profit declines slightly. NDTV says revenue increases by about 2.7% (to Rs 11,497 crore) in the quarter, whereas net profit falls marginally by around 0.9% compared with the same period last year. Business Line reports that consolidated Q1 net profit dips to ₹3,598 crore. Alongside the profit and revenue changes, Business Line states the company incurs capital expenditure of ₹7,765 crore during April–June and capitalizes assets worth ₹5,277 crore on a consolidated basis during the quarter. Following the release of the results, NDTV reports that Power Grid’s shares fall by more than 3%, reflecting investor reaction to the decline in net profit. Across the reports, the financial direction in the quarter is consistent: higher revenue and a small contraction in net profit, with significant spending and asset capitalization tied to ongoing transmission projects.
Power Grid Q1 revenue rises, net profit marginally declines; shares fall
Power Grid Corporation of India reports that its June-quarter (Q1) revenue rises year-on-year, while net profit declines slightly. NDTV says revenue increases by about 2.7% (to Rs 11,497 crore) in the...
- Power Grid’s Q1 (June quarter) revenue increases year-on-year to Rs 11,497 crore.
- Net profit declines marginally in the quarter (about 0.9% per NDTV), to ₹3,598 crore per Business Line.
- In April–June, the company reports capital expenditure of ₹7,765 crore.
- During the same period, it capitalizes assets worth ₹5,277 crore on a consolidated basis.
- After the Q1 results, Power Grid shares fall by more than 3%.
In the April-June quarter, the company incurred a capital expenditure of ₹7,765 crore and capitalized assets worth ₹5,277 crore on consolidated basis during Q1FY27
3 hours agoPower Grid shares fell more than 3% after the state-run power transmission company reported a marginal decline in the June-quarter net profit.
3 hours agoPower Grid's June-quarter revenue increased 2.7% year-on-year, while net profit slipped 0.9%.
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