PowerGrid Q2 results
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Thesynergyonline Energy Bureau

NEW DELHI, NOVEMBER O7 :

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ower Grid Corporation of India (PowerGrid), posted a net profit of Rs 2571.10 crore for the second quarter of FY 2019-20 (Jul-Sep, 2019), an increase of 9 per cent against Rs 2348.25 crore reported during the corresponding quarter ended September 30, 2018.

PowerGrid Q2 results

Total Income (Turnover) for second quarter (Jul-Sep, 2019) rose to Rs 9260.46 crore, up by 6 per cent from Rs 8718.20 crore in the corresponding quarter ended September 30, 2018.

Total Income for first half of financial year 2019 - 20 rose to Rs 18622.18 Crore, an increase of 9 per cent over ₹17094.68 crore reported in the corresponding half year ended September 30, 2018.

On a standalone basis, PowerGrid had registered a net profit of Rs 4955.03 crore on a total Income (turnover) of Rs 18411.55 crore in the half year ended September 30, 2019.

PowerGrid's physical assets as on September 30, 2019 include more than 160,937 ckm Transmission Lines, 244 Sub-Stations with transformation capacity of more than 383,273 MVA.