Power Grid Corporation of India moves up on reporting 4% rise in Q4 consolidated net profit
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Power Grid Corporation of India is currently trading at Rs. 235.70, up by 1.90 points or 0.81% from its previous closing of Rs. 233.80 on the BSE.
The scrip opened at Rs. 234.85 and has touched a high and low of Rs. 239.00 and Rs. 234.10 respectively. So far 269435 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 249.45 on 12-May-2023 and a 52 week low of Rs. 186.35 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 257.15 and Rs. 232.00 respectively. The current market cap of the company is Rs. 164516.06 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.67% and 2.99% respectively.
Power Grid Corporation of India has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 2.46% fall in net profit at Rs 4,214.40 crore for the quarter under review as compared to Rs 4,320.64 crore for the same quarter in the previous year. However, total income of the company increased by 12.30% at Rs 12,288.31 crore for Q4FY23 as compared to Rs 10,941.93 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 3.95% rise in its net profit at Rs 4,320.43 crore for fourth quarter ended March 31, 2023 as compared to Rs 4,156.44 crore for the same quarter in the previous year. Total income of the company increased by 13.46% at Rs 12,557.44 crore for Q4FY23 as compared to Rs 11,067.94 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 10.30% fall in its net profit at Rs 15,333.02 crore as compared to Rs 17,093.76 crore for the previous year. However, total income of the company increased by 8.58% at Rs 45,968.07 crore for year under review as compared to Rs 42,335.87 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 8.36% fall in its net profit at Rs 15,417.12 crore as compared to Rs 16,824.07 crore for the previous year. However, total income of the company increased by 9.15% at Rs 46,605.64 crore for year under review as compared to Rs 42,697.90 crore for year ended March 31, 2022.
