Power Grid profit jumps 31% to Rs 4,312 cr in FY'13

Power Grid Corporation today posted consolidated net profit of nearly 31% to Rs 4,312.61 crore for the  2012-13 fiscal.

The transmission utility had consolidated net profit of Rs 3,302.99 crore in 2011-12, it said in a regulatory filing.

In 2012-13, the company's total income increased to Rs 13,727.12 crore, from Rs 11,073.58 crore in the previous fiscal.

On a standalone basis, Power Grid reported net profit of Rs 4,234.50 crore in the last financial year. This is 30% higher than Rs 3,254.95 crore in 2011-12.

Total income rose to Rs 13,328.74 crore in 2012-13, from Rs 10,785.01 crore in 2011-12.

Power Grid will pay a final dividend of Rs 1.14 per share, which would be in addition to the interim dividend of Rs 1.61 per scrip paid in March this year.

The company scrip rose marginally to close at Rs 112.50 on the BSE.