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%.Also read: Adani Enterprises revises capex guidance for FY25The 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)
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