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Power Grid : Power Grid Corporation Of India announced a small rise in its standalone net profit for the second quarter ended September 2008. During the quarter, the profit of the company rose 6.79% to Rs 3,964.30 million from Rs 3,712.20 million in the same quarter, previous year.
Net sales for the quarter jumped 53.49% to Rs 15,876.90 million from Rs. 10,343.60 million, while total income for the quarter rose 50.98% to Rs 16,729.70 million, when compared with the prior year period.
The company reported earnings of Rs 0.94 a share during the September 2008 quarter.
During the quarter, interest cost increased 2.69 times to Rs 7,024.00 million while depreciation cost rose 19.51% to Rs 2,744.50 million over previous year period.
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