energy grid q2 revenue: Energy Grid Q2 Outcomes: Revenue jumps 9% YoY to Rs 3,651 crore; income up 7%

New Delhi: Energy Grid Company of India on Saturday reported a 9% year-on-year (YoY) rise in revenue after tax (PAT) at Rs 3,651 crore for the September 2022 quarter. It reported a PAT of Rs 3,338.27 crore in the identical quarter earlier yr.

The corporate reported a rise of greater than 7% in income from operations at Rs 10,665.7 crore within the July-September 2022 interval in comparison with a income of Rs 9,930.74 crore within the year-ago interval.

The corporate had reported a revenue after tax of Rs 3,765.86 crore and income from operations at Rs 10,446 crore within the previous June 2022 quarter.

Energy Grid’s incomes per share (EPS) remained flat at Rs 5.29 apiece in Q2FY23 in contrast with Rs 5.28 in Q1FY23 and Rs 5.27 in Q2FY22.

For the half yr ended September 30, 2022, Energy Grid reported a bottomline of Rs 7,416.90 crore, which is over 21% under the revenue of Rs 9,423.68 crore clocked by the corporate within the first half of final monetary yr.

Nevertheless, the state-run energy transmission main reported an over 8% rise within the income from operations to Rs 21,101.78 crore from Rs 19,709.46 crore throughout the identical interval underneath overview.

The corporate introduced an interim dividend of Rs 5 per fairness share with a face worth of Rs 10 every for the quarter, which shall be paid to eligible members on November 30, 2022, it mentioned in a separate alternate submitting.