Public sector undertaking transmission major Power Grid Corporation of India Ltd.'s net profit missed market expectations in the three months ended June on higher expenses. For the quarter ended June 17, net sales of Power Grid stood at Rs 6930.45 crore up by 16% YoY. Net revenue from Transmission business, which constitutes around 95% of total revenue, was up 16% to Rs 6930.45 crore. Total expenses rose nearly 23 percent from last year to Rs 4874.6 crore. Employee benefit...