Power Grid Corporation of India (PGCIL) today said its profit after tax (PAT) surged 32% to Rs 2,696.89 crore in the year ended March 31, 2011.
PGCIL had recorded a profit of Rs 2,040.94 crore in the same period a year ago, it said in a regulatory filing.
The state-run entity, which is mainly into transmission of power, raked in revenues of Rs 8,388.70 crore in 2010-11, compared to Rs 7,127.45 crore in the year-ago period.
The company's board, which met today, recommended a final dividend of Rs 1.25 a share. This would be in addition to the interim dividend of Rs 0.50 per share paid in February. Together, the total dividend for shareholders in 2010-11 would be Rs 1.75 a share.
On a consolidated basis, PGCIL posted a PAT of Rs 2,671.91 crore on revenues of Rs 8,611.76 crore in 2010-11.
Shares of the company settled at Rs 98.80 apiece on the Bombay Stock Exchange.
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