Power Grid rises despite reporting marginal fall in Q3 consolidated net profit
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Power Grid Corporation of India is currently trading at Rs. 212.45, up by 3.15 points or 1.51% from its previous closing of Rs. 209.30 on the BSE.
The scrip opened at Rs. 210.50 and has touched a high and low of Rs. 215.70 and Rs. 210.35 respectively. So far 769476 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 220.85 on 27-Jan-2022 and a 52 week low of Rs. 148.88 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 215.70 and Rs. 208.55 respectively. The current market cap of the company is Rs. 148193.50 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 36.61% and 12.05% respectively.
Power Grid Corporation of India has reported a rise of 0.77% in its net profit at Rs 3349.44 crore for the quarter ended December 31, 2021 as compared to Rs 3323.85 crore for the same quarter in the previous year. Total income of the company increased by 3.15% at Rs 10636.56 crore for Q3FY22 as compared Rs 10311.35 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 2.22% in its net profit at Rs 3292.97 crore for the quarter ended December 31, 2021 as compared to Rs 3367.71 crore for the same quarter in the previous year. However, total income of the company increased by 3.51% at Rs 10723.61 crore for Q3FY22 as compared Rs 10359.48 crore for the corresponding quarter previous year.
