Power Grid Q1 net profit at Rs705 cr

Power Grid Corporation of India announced the following unaudited results for the quarter ended June 30, 2011:

The net profit of the Company advanced by 0.30% to Rs705.29 crore for the quarter ended June 30, 2011 as compared to Rs703.18 crore for the quarter ended June 30, 2010.

Total Income surged by 9.11% to Rs2345.73 crore for the quarter ended June 30, 2011 to Rs2149.69 crore for the quarter ended June 30, 2010.

Power Grid Corporation closed at Rs107.75, up by 0.23%, with a volume of 2.04 lakh shares on the BSE.