Power Grid Corp of India Reports Q3 Earnings Decline Amidst Weak Demand

Power Grid Corporation of India has reported a 4% drop in its profit after tax for the third quarter, amounting to ₹3,682 crore. This decline is attributed to sluggish power demand, which has impacted revenue generation. Analysts had anticipated stronger results, but the ongoing challenges in the energy sector have hindered performance. The company continues to focus on improving operational efficiency and exploring new projects to bolster growth in a challenging market environment.

Source: Business Standard