Power Grid surges on reporting 18% rise in Q4 consolidated net profit
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Power Grid Corporation of India is currently trading at Rs. 227.45, up by 2.90 points or 1.29 % from its previous closing of Rs. 224.55 on the BSE.
The scrip opened at Rs. 224.90 and has touched a high and low of Rs. 229.50 and Rs. 224.75 respectively. So far 116535 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 248.25 on 10-May-2022 and a 52 week low of Rs. 167.00 on 29-Jul-2021.
Last one week high and low of the scrip stood at Rs. 239.30 and Rs. 221.70 respectively. The current market cap of the company is Rs. 159110.08 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.37% and 3.29% respectively.
Power Grid Corporation of India has reported a rise of 22.90% in its net profit at Rs 4,320.64 crore for the quarter ended March 31, 2022 as compared to Rs 3,515.61 crore for the same quarter in the previous year. Total income of the company increased marginally by 2.21% at Rs 10,941.93 crore for Q4FY22 as compared Rs 10,705.49 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 17.87% in its net profit at Rs 4,156.44 crore for the quarter ended March 31, 2022 as compared to Rs 3,526.23 crore for the same quarter in the previous year. Total income of the company increased marginally by 2.33% at Rs 11,067.94 crore for Q4FY22 as compared Rs 10,816.33 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 43.21% in its net profit at Rs 17,093.76 crore as compared to Rs 11,935.78 crore for the previous year. Total income of the company increased marginally by 4.46% at Rs 42,335.87 crore for year under review as compared to Rs 40,527.11 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 39.78% in its net profit at Rs 16,824.07 crore as compared to Rs 12,036.46 crore for the previous year. Total income of the company increased marginally by 4.59% at Rs 42,697.90 crore for year under review as compared to Rs 40,823.53 crore for year ended March 31, 2021.
