"indiatimes" declare : Power Grid Jan-Mar net profit up 22 per cent to Rs 1,916 crore, Energy News, ET EnergyWorld

New Delhi: Transmission company Power Grid Corporation of India today reported a Jan-Mar net profit of Rs 1,916.36 crore, a rise of 22.2 per cent from the corresponding period last year.The total income of the company for Jan-Mar also rose nearly 18 per cent on year Rs 7,054.4 crore from Rs 5,984.4 crore reported during the same period last year.In Jan-Mar, total expenditure of the company increased 18.5 per cent on year to Rs 4,712.6 crore from Rs 3,975.8 crore reported in the same quarter in the previous financial year. Power Grid said revenue from its transmission business over 18 per cent in Jan-Mar to Rs 6,648.5 crore while revenue from its consultancy arm fell over 10 per cent Rs 152.49 crores.Revenue from its telecom business continued a steady growth of 34 per cent to Rs 149.1 crore in Jan-Mar.For the financial year ended March 31, Power Grid's consolidated net profit Rs 7,450.7 crores, which grew over 25 per cent Rs 5,958.6 crores.In FY17, the company's total revenue also increased nearly 25 per cent Rs 26,287.7 crores as compared with Rs 21,118.3 crores.Today, facebook/" target="_blank">shares of Power Grid closed at Rs 208.45 on BSE, up 2.7 per cent from the previous close.


as mentioned in NEW DELHI: Insecticides India Ltd (IIL) today posted a 48.7 per cent jump in its net profit at Rs 58 crore for 2016-17 on robust sales. Its net income rose 12 per cent to Rs 1,107 crore in 2016-17, from Rs 988 crore in the year-ago period. Net profit last fiscal stood at Rs 39 crore, it said in a statement. The earnings per share (EPS) also grew to Rs 28.13 from Rs 20.01 in the said period. The company is focusing on diversifying the product basket and as part of this strategy has recently launched a new product 'Kayakalp'.


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L&T: L&T reports 29.5% rise in net profit at Rs 3,025 crore

Net profit rose 29.5 per cent to Rs 3,025 crore in the quarter, despite an impairment undertaken on subsidiary L&T Finance. L&T reported revenue of Rs 36,828 crore for the fourth quarter, up 12 per cent on year. L&T has given a growth guidance of 12-14 per cent for order inflows and 12 per cent for revenue growth for 2017-18, which hinges primarily on government spending. The company wrote off slow moving orders worth Rs 18,000 crore in FY17, representing almost 7 per cent of its order book of Rs 261,341 crore as of March-end. "Private sector has moved out of the scene; our order book used to have 30 per cent orders from there which is not so anymore.




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