Power Grid Corporation of India Ltd (POWERGRID) has released its financial results for the second quarter of FY 2024-25, showcasing steady performance. The company reported total revenue from operations at ₹11,277.76 crore, reflecting a slight year-on-year decrease from ₹11,267.07 crore in Q2 FY24. On a quarter-on-quarter basis, the revenue marked a growth from ₹11,006.18 crore in Q1 FY25.
In terms of profitability, POWERGRID recorded a net profit of ₹3,793.02 crore for Q2 FY25, which is an improvement over the previous quarter’s profit of ₹3,723.92 crore but a decline from ₹3,781.42 crore in the same period last year.
In addition to its financial results, POWERGRID declared an interim dividend of ₹4.50 per share for FY 2024-25, which will be payable on December 4, 2024. The board also approved the sale of a 26% stake in four of its associate companies to POWERGRID Infrastructure Investment Trust, a move expected to streamline its operational focus and enhance asset efficiency.
POWERGRID’s Q2 FY25 financial metrics, including revenue and net profit:
| Metric | Q2 FY25 | Q1 FY25 | Q2 FY24 | YoY Change (%) | QoQ Change (%) |
|---|---|---|---|---|---|
| Revenue from Operations | ₹11,277.76 Cr | ₹11,006.18 Cr | ₹11,267.07 Cr | 0.09% | 2.47% |
| Net Profit for the Period | ₹3,793.02 Cr | ₹3,723.92 Cr | ₹3,781.42 Cr | 0.31% | 1.86% |
These strategic steps reflect POWERGRID’s commitment to maximizing shareholder value while expanding its operational footprint in India’s energy infrastructure sector.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
