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PGCIL Q2 PAT up 7% at Rs396 cr

PGCIL Q2 PAT up 7% at Rs396 cr
PTI
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First Published: Fri, Oct 31 2008. 03 00 PM IST
Updated: Fri, Oct 31 2008. 03 00 PM IST
Mumbai: Power Grid Corporation of India Ltd said that its profit after tax grew by 6.79% at Rs396.43 crore for the second quarter ended 30 September over the corresponding period year ago.
The firm had a PAT of Rs371.22 crore in the second quarter of FY’08, Power Grid said in a filing to the Bombay Stock Exchange (BSE).
Total income rose to Rs1,672.97 crore in the quarter under review from Rs1,112.60 crore in the same period last year.
For six-month ended 30 September, Power Grid reported a PAT of Rs702.12 crore, a 14.72% decline over the corresponding year-ago period. The company had a net profit of Rs823.40 crore in the previous fiscal.
Total revenue from operations rose to Rs2948.52 crore in the first half of current fiscal, from Rs 2044.35 crore in the year-ago period.
Shares of the company were trading at Rs67.40, up 2.28% on the BSE.
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First Published: Fri, Oct 31 2008. 03 00 PM IST