Power Grid shares fall 4% on disappointing Q4 results
pre-market1 source ↓written by the desknot a recommendation
- following the release
- 4%
- ₹4,546.3 cr
- but revenue dropped
- 5%
- ₹11,666 cr
- Margins contracted
- 78%
Shares of Power Grid Corporation of India Ltd. fell over 4% following the release of its Q4 earnings. Net profit rose 9.7% to ₹4,546.3 cr, but revenue dropped 5% to ₹11,666 cr. Margins contracted to 78% from 83%, raising concerns among investors.
Not investment advice. For informational purposes only.