Power Grid Corporation of India Ltd reported net sales growth of 17.91% to Rs 39862.80 million for the quarter ending March 31, 2014, while net profit grew 6% to Rs 1175.84 crore. However, net profit margin declined to 29.50% from 32.82% in the previous fiscal year due to a 13% increase in equity capital to Rs 52315.90 million. Earnings per share for the quarter were Rs 2.24, down from Rs 2.40 in the same period of the previous year. The company's stock price on the BSE closed 0.20% higher at Rs 125.45.