Powergrid posted powerful results

Thebullishtrends: Powergrid shares price closed today at Rs.110. Power Grid Corporation of India Ltd has announced the following Unaudited results after the trading hours for the quarter ended December 31, 2007:

The Company has posted a profit after tax of Rs 384.28 cr for the quarter ended December 31, 2007 as compared to Rs 337.27 million for the quarter ended December 31, 2006. Total Income has increased from Rs 1004.80 cr for the quarter ended December 31, 2006 to Rs 1193.77 cr for the quarter ended December 31, 2007.The figures for the quarter ended December 31, 2006 are Audited.