Power Grid tumbles despite reporting 6% rise in Q4 consolidated net profit
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Power Grid Corporation of India is currently trading at Rs. 233.00, down by 6.70 points or 2.80% from its previous closing of Rs. 239.70 on the BSE.
The scrip opened at Rs. 247.00 and has touched a high and low of Rs. 247.00 and Rs. 230.20 respectively. So far 839529 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 251.50 on 15-Jun-2021 and a 52 week low of Rs. 154.65 on 15-Oct-2020.
Last one week high and low of the scrip stood at Rs. 251.50 and Rs. 230.20 respectively. The current market cap of the company is Rs. 121399.04 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 42.16% and 6.50% respectively.
Power Grid Corporation of India has reported a rise of 10.46% in its net profit at Rs 3515.61 crore for the quarter ended March 31, 2021 as compared to Rs 3182.66 crore for the same quarter in the previous year. Total income of the company increased by 2.84% at Rs 10705.49 crore for Q4FY21 as compared Rs 10409.52 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 6.42% in its net profit at Rs 3526.23 crore for the quarter ended March 31, 2021 as compared to Rs 3313.47 crore for the same quarter in the previous year. Total income of the company increased by 2.94% at Rs 10816.33 crore for Q4FY21 as compared Rs 10507.65 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported 10.40% rise net profit at Rs 11935.78 crore as compared to Rs 10811.18 crore for the previous year. Total income of the company increased by 5.75% at Rs 40527.11 crore for year under review as compared to Rs 38317.97 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported 8.83% rise net profit at Rs 12036.46 crore as compared to Rs 11059.40 crore for the previous year. Total income of the company increased by 5.57% at Rs 40823.53 crore for year under review as compared to Rs 38670.96 crore for year ended March 31, 2020.
