Power Grid Q4 net profit rises 20%
Stand-alone net profit in Q4 stood at `1,412.48 cr compared with `1,175.84 cr in the year-ago period
New Delhi: State utility Power Grid Corp. of India Ltd on Saturday posted a 20% rise in its stand-alone net profit of ₹ 1,412.48 crore for the quarter ended 31 March. The company’s stand-alone net profit stood at ₹ 1,175.84 crore in the year-ago period, Power Grid stated in a BSE filing.
According to the statement, the company’s consolidated net profit rose to ₹ 5,046.25 crore in the year ended 31 March from ₹ 4,547.58 crore in the previous fiscal. Consolidated total income increased to ₹ 18,233.04 crore from ₹ 16,146.12 crore in fiscal year 2014.
In a separate filing, the company said its board of directors has recommended a final dividend of ₹ 1.31 per share (face value ₹ 10 each). PTI
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