Power Grid Q1FY24 Results: Consolidated PAT Raises to Rs. 3597.16 Cr

Power Grid Q1FY24 Results: Consolidated PAT Raises to Rs. 3597.16 Cr

Power Grid Q1 results show revenue fell from 12557.44 crores to 11257.60 crores, a -10.35% decrease in growth. EPS rise from ₹6.20 to ₹5.16, down by -16.77%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Power Grid shared its Q1 results on Monday. They earned 11257.60 crores in revenue this quarter, but that’s less than the 12557.44 crores they made last quarter. Unfortunately, the company’s growth decreased by -10.35 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 3597.16 crores, down from 4322.87 crores in the previous quarter. Their quarter-to-quarter growth decreased by -16.79 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹5.16, which is an decrease of -16.77% from the ₹6.20 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 11257.60 crores this year (2023), which is 0.80 percent higher than last year’s total revenue of 11168.54 crores.

This year’s PAT (Profit After Tax) is 3597.16 crores, which is also -5.37% lower than last year’s PAT of 3801.29 crores.

The EPS (Earnings Per Share) for this year is ₹5.16, which is -5.32% less than the EPS of ₹5.45 earned last year.

Also Read: Asahi India Glass Q1FY24 Results: Consolidated PAT to Rs. 103.82 Cr

Power Grid Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Power Grid:

Power Grid Corporation of India Limited is an Indian government-owned central public sector undertaking, overseen by the Ministry of Power, Government of India. The company primarily focuses on the transmission of large-scale power across various states in India. Its headquarters are situated in Gurugram.

Download the Full PDF of Power Grid Q1 Results: Click Here

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