Power Grid Corporation Q4 Net Up By 22%, Stock Slides

Power Grid Corporation of India dipped over 2% to Rs 204.05 per share on BSE during the pre lunch session of Tuesday’s intraday trade.

The company on Monday reported its financials for the quarter ended 31st March, 2017 wherein the standalone net profits jumped 22% on Y-o-Y basis to Rs 1916.36 crore.

Its total income jumped to Rs 7054.45 crore in Q4 of 2016-17 from Rs 5984.49 crore in the year-ago period.

On yearly basis, the company’s standalone net profit soared to Rs 7520.15 crore in 2016-17 from Rs 5984.50 crore in 2015-16.

The consolidated profit for 2016-17 was Rs 7450.73 crore compared to Rs 5985.61 crore in the previous fiscal.     


On NSE, the stock has attracted a trading volume of 24,94,411 shares and traded value of Rs 5113.04 lakhs.


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