Power Grid Q1 Results: Net profit down 5.9% to ₹3,542 crore; check details

Power Grid Q1 Results: Power Grid Corporation of India announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 31, reporting a decline of 5.9 per cent in standalone net profit at ₹3,542.7 crore, compared to ₹3,766 crore in the corresponding period last year. The state-owned power major’s revenue from operations during the first quarter of current fiscal stood at ₹10,436 crore, registering a marginal decline of 0.1 per cent, compared to ₹10,446 crore in the year-ago period.