2 weeks Ago
Shares of the state-owned Power Grid are likely to remain in focus today after the company on Wednesday announced a flat consolidated net profit of Rs 3,793 crore in the quarter ended September 2024, compared with Rs 3,781 crore in last year's quarter. Meanwhile, the company’s revenue from operations was also flat at Rs 11,278 crore in the quarter under review as against Rs 11,267 crore in the same quarter a year ago. The board had also approved a payment of the first interim dividend of Rs 4.
50 per equity share of Rs 10 each for the financial year 2024-25. Total expenses during the second quarter increased to Rs 7,309 crore. The same stood at Rs 6,977 crore in the corresponding quarter of the previous year.
Meanwhile, the company’s EBITDA was down by 2.1% to Rs 9,701.32 crore against Rs 9,908.
37 crore in the corresponding quarter of the previous financial year, while the margins declined by 192 bps to 86%. Stock Trading Algo Trading Made Easy By - Vivek Gadodia, Partner at Dravyaniti Consulting and RBT Algo Systems View Program Stock Trading Complete Guide to Stock Market Trading: From Basics to Advanced By - Harneet Singh Kharbanda, Full Time Trader View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Macroeconomics Made Easy: Online Certification Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Mastering Options Selling: Advanced Strategies for Success By - CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Stock Investing Made Easy: Beginner's Stock Market Investment Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.
com View Program Also read: Adani Enterprises revises capex guidance for FY25 The company has also approved the proposal to sell, assign, transfer 26% residual equity shareholding in four associate companies -- PowerGrid Kala Amb Transmission, PowerGrid Parli Transmission, PowerGrid Warora Transmission and POWERGRID Jabalpur Transmission to PowerGrid Infrastructure Investment Trust (PGInvIT). The shares of Power Grid closed closed 0.55% higher at Rs 318.
45 on the BSE on Wednesday. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
