New Delhi: State-run Power Grid Corporation on Wednesday reported about 52% jump in standalone net profit at ₹3,053.56 crore in March quarter, mainly on the back of higher revenues.
The company's standalone net profit was at ₹2,010.31 crore in the quarter ended 31 March 2018, a BSE filing said.
Total standalone income of the company rose to ₹9,610.24 crore in March quarter from ₹8,098.93 crore a year ago.
For financial year 2018-19, the company's standalone net profit jumped to ₹9,938.55 crore from ₹8,244.65 crore in previous fiscal. Total standalone income also increased to ₹35,618.07 crore in the fiscal from ₹30,766.32 crore in 2017-18.
The company's consolidated net profit rose to ₹10,033.52 crore in 2018-19 from ₹8,204 crore in previous fiscal. Total consolidated income was also up at ₹35,661.32 crore in the fiscal from ₹30,430.54 crore in 2017-18.
The company's board has recommended a final dividend of ₹2.50 per share (face value ₹10 each). The total dividend (including interim dividend) for 2018-19 is ₹8.33 per share. The company had paid an interim dividend of ₹5.83 per share.