New Delhi : Central transmission utility Power Grid Corporation reported nearly 6 % jump in net profit at Rs 1,175.84 crore for the quarter ended March 31, aided by increase in income from transmission and consultancy services businesses.
The company had posted a net profit of Rs 1,109.44 crore during the same quarter previous year, Power Grid Corporation of India Ltd (PGCIL) said in a regulatory filing. Income from the transmission vertical rose to Rs 3,699.61 crore from Rs 3,191.34 crore in the same period last year (2012-13). Income from its consultancy services increased to Rs 147.34 crore from Rs 35.28 crore in the year-ago period.
PGCIL’s total income from operations during the quarter was Rs 3,986.28 crore as compared to Rs 3,380.66 crore in the corresponding period last fiscal. PGCIL posted a net profit after taxes of Rs 4,547.58 crore for the year ended March 31, 2014 as compared to Rs 4,312.61 crore for the year ended March 31, 2013. Total income rose from Rs 13,727.12 crore for the year ended March 31, 2013 to Rs 16,146.12 crore for the year ended March 31, 2014.