Power Grid Corporation posted 18% fall in its net profits at Rs.2048 crore for the Jun-20 quarter. For the Jun-20 quarter, the revenue from operations went up marginally by about 3 to Rs.9457 on the back of buoyant revenue flows despite the lockdown.
During the Jun-20 quarter, Power Grid recognized Rs.1075 crore as one-time consolidated rebate to distribution companies. This was offered to most of the state governments and shown as an exceptional item in the books of the company.
Power Grid Corporation posted 18% fall in its net profits at Rs.2048 crore for the Jun-20 quarter. For the Jun-20 quarter, the revenue from operations went up marginally by about 3 to Rs.9457 on the back of buoyant revenue flows despite the lockdown.
During the Jun-20 quarter, Power Grid recognized Rs.1075 crore as one-time consolidated rebate to distribution companies. This was offered to most of the state governments and shown as an exceptional item in the books of the company.