Home / Companies / Power Grid Q4 net profit rises 20%

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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