In Q3, Power Grid's net profit increased by 11% to Rs 4,028 crore.
psuwatch.com
India
08-02-2024
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The state-owned Power Grid Corporation reported greater sales, which accounted for the majority of the 10.5 percent increase in consolidated net profit to Rs 4,028.25 crore for the December quarter.
In the previous year, the company's consolidated net profit was Rs 3,645.29 crore, as disclosed in a regulatory filing.
In the third quarter of FY24, total income rose to Rs 11,819.70 crore from Rs 11,530.22 crore the previous year.
In a meeting on Wednesday, the board of directors of the firm approved the payment of a second interim dividend for 2023–2024 of Rs 4.50 per equity share, or Rs 10 apiece, or 45% of the paid-up equity share capital.
Members will receive payment of the second interim dividend on March 5, 2024.