Power Grid Corporation of India · NSE: POWERGRID · BSE: 532898

Q2 FY24 results · Jul–Sep 2023

Power Grid Corporation of India reported revenue from operations of ₹11,267.07 crore (up 1.0% from Q2 FY23) and net profit of ₹3,781.42 crore (up 3.6% from Q2 FY23) for Q2 FY24 (Jul–Sep 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	11,267.07	11,150.57	+1.0%	11,048.13	+2.0%
Other income	263.36	198.87	+32.4%	209.47	+25.7%
Total income	11,530.43	11,349.44	+1.6%	11,257.60	+2.4%
Profit before share of associates & JVs and tax	4,553.43	4,120.04	+10.5%	4,569.09	−0.3%
Share of profit/(loss) of associates & JVs	(38.28)	(24.37)		(5.09)
Net profit for the period	3,781.42	3,650.16	+3.6%	3,597.16	+5.1%
EPS, basic (₹)	4.06	5.23	not comparable	5.16	not comparable
Net margin (%)	33.6	32.7		32.6

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	10,419.41	10,655.70	−2.2%	10,436.11	−0.2%
Other income	786.40	534.72	+47.1%	646.09	+21.7%
Total income	11,205.81	11,190.42	+0.1%	11,082.20	+1.1%
Profit before tax	4,462.72	4,067.79	+9.7%	4,455.15	+0.2%
Net profit for the period	3,833.96	3,651.04	+5.0%	3,542.65	+8.2%
EPS, basic (₹)	4.12	5.23	not comparable	5.08	not comparable
Net margin (%)	36.8	34.3		33.9

Consolidated

Filed with BSE: 09 Nov 2023, 16:42 IST
Board meeting: 07 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 09 Nov 2023, 16:42 IST
Board meeting: 07 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE