Power Grid Corp of India posts higher Q1 profit as expenses fall
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
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Source: reuters
Power Grid Corp Profit Increase: Power Grid Corp of India reported a 3.5% rise in first-quarter profit, reaching 37.24 billion Indian rupees, despite a slight decline in revenue from operations due to reduced expenses.
Electricity Demand Growth: The recent heatwave and economic activity have led to an increase in India's electricity generation, which is expected to grow by 9.3% to 1,900 billion kilowatt hours by March 2025, outpacing power demand growth compared to other major economies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
