State-run Power Grid Corp’s standalone net profit jumped 22 per cent year-on-year to Rs 1,916.36 crore in the quarter ended on March 31, 2017.
The company had reported a standalone net profit of Rs 1,568.58 crore in the quarter ended on March 31, 2016.
Its total income rose to Rs 7,054.45 crore in the fourth quarter of 2016-17 from Rs 5,984.49 crore in the year ago period, Power Grid Corp said in BSE filing.
The company’s standalone net profit increased to Rs 7,520.15 crore in 2016-17 from Rs 5,948.50 crore in 2015-16.
Total income also rose to Rs 26,581.41 crore in 2016-17 from Rs 21,243.30 crore in 2015-16.
The consolidated profit for 2016-17 was Rs 7,450.73 crore compared to Rs 5,958.61 crore in the previous fiscal.
The board of directors has recommended a final dividend of Rs 3.35 per share (face value of Rs 10 each). During the year the company has paid Re 1 as interim dividend.
Therefore, the total dividend would be Rs 4.35 for 2016-17.
Credit- The Hindu Businessline