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Power Grid Q1 net profit falls to 3.06 bln rupees vs 4.52 bln

Posted by Yogesh on Thursday, 31 July, 2008

MUMBAI (Thomson Financial) – Power Grid Corp of India Ltd. said its net profit for the first quarter fell to about 3.06 billion rupees compared with 4.52 billion last year.

The company which is responsible for the interstate transmission of electricity said in a regulatory filing that its total revenues for the quarter ended June 30 increased to 14.08 billion rupees compared with 10.55 billion last year. Source CNBC

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