POWERGRID posts PAT of Rs 3,117 Cr for Q2FY21

Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI and the ‘Central Transmission Utility (CTU)’ of the country, has posted a PAT of Rs 3,094 crore and total income of Rs 9,831 crore on consolidated basis for Q2FY21. On standalone basis, the company posted PAT and total income of Rs 3,117 crore and Rs 9,890 crore respectively for Q2FY21, registering an increase of about 23% and 8% respectively with respect to the corresponding period of FY20.

For six-month period (H1FY21), the PAT and total income on consolidated basis are Rs 5,142 crore and Rs 19,648 crore respectively, which are about 1% and 6% higher with respect to the corresponding period of FY20, while on standalone basis, the PAT and total income are Rs 5,097 crore and Rs 19,511 crore respectively, registering a growth of 3% and 6% respectively.

The company incurred a capital expenditure of about Rs 3,100 crore and capitalized assets worth Rs 10,693 crore (excluding FERV) on consolidated basis during Q2FY21.