State-run Power Grid Corporation on May 29 recorded a 52 percent jump in standalone net profit at Rs 3,053.56 crore in March quarter, mainly on the back of higher revenues.
The company’s standalone net profit was at Rs 2,010.31 crore in the quarter ended March 31, 2018, a BSE filing said.
Total standalone income of the company went up to Rs 9,610.24 crore in March quarter from Rs 8,098.93 crore a year ago.
The company’s consolidated net profit increased to Rs 10,033.52 crore in 2018-19 from Rs 8,204 crore in previous fiscal. Total consolidated income was also up at Rs 35,661.32 crore in the fiscal from Rs 30,430.54 crore in 2017-18.
The company’s board has approved a final dividend of Rs 2.50 per share (face value Rs 10 each).
The total dividend (including interim dividend) for 2018-19 is Rs 8.33 per share. The company had paid an interim dividend of Rs 5.83 per share.
