Powergrid net profit rises nearly 10% in Q2

NEW DELHI: State-owned Power Grid Corporation on Thursday reported nearly 10 per cent jump in its consolidated net profit to Rs 2,571.10 crore in the second quarter ended September 30. The company's consolidated net profit was Rs 2,348.25 crore in the corresponding quarter of 2018-19, according to a BSE filing. Its total income during the July-september 2019 period rose to Rs 9,260.46 crore, compared with Rs 8,718.20 crore a year ago. During the first half of the current financial year, consolidated net profit rose to Rs 5,073.90 crore as against Rs 4,626.12 a year ago.