PowerGrid Q4 profit up 52% at 3,053.56 crore

  • Total standalone income of the company rose to 9,610.24 crore in March quarter from 8,098.93 crore a year ago
  • PowerGrid board has recommended a final dividend of 2.50 per share (face value 10 each)

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.

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