Power Grid Corp Q2 results FY25 recorded only a 0.3% year-on-year increase in the consolidated net profit. On the Power Grid Corp Q2 results date which was November 6, 2024, the Power Grid Corp share price closed at ₹318.50. On November 7, 2024, Power Grid Corp share price closed at ₹312.95.
Power Grid Corp Q2 Results FY25: Key Highlights
- Power Grid Corp Q2 results pointed out that consolidated PAT was ₹3,793 crores, up 0.3% YoY from ₹3,781 crores in the same period of the last financial year.
- Consolidated revenue was at ₹11,277 crores in Q2 FY25 with a slight increase of only 0.1% YoY from ₹11,267 crores in Q2 FY24.
- The transmission segment which holds a 99% share in the Power Grid Corporation of India Ltd total revenue had earned ₹11,197 crores in Q2 FY25. It was higher than the revenue of ₹10,991 crore in Q2 FY24.
- According to the Power Grid Corp Q2 results press release, the total transmission assets (including the subsidiaries) include the 1,78,195 ckm (circuit kilometer) of transmission lines. The 279 substations were strategically placed across India including the 5,37,276 MVA of transformation capacity.
- In the Q2 of FY25, Power Grid Corporation of India Ltd won 8 projects under the Tariff-based Competitive Bidding having an estimated NCT cost of ₹38,575 crores.
- Power Grid Corp share price generated negative returns of 1.75% in the last 1 day (as on November 7, 2024).
Power Grid Corporation of India Ltd: Interim Dividend
Power Grid Corporation of India Ltd announced its first-ever interim dividend of ₹4.50 per share with a face value of ₹10 for FY25. The record date to decide the eligibility of shareholders is set at November 14, 2024 while the payment date of dividend is set at December 4, 2024.
Highlighting the Power Grid Corp share price performance, it has generated a negative return of 2.45% in the last 1 week (as on November 7, 2024). Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
Reference
https://www.powergrid.in/sites/default/files/press_document/Q2.pdf
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