PowerGrid Q4 net profit up 52 pc at Rs 3,053.56 cr

State-run Power Grid Corporation Wednesday reported about 52 per cent 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 rose to Rs 9,610.24 crore in March quarter from Rs 8,098.93 crore a year ago.

For financial year 2018-19, the company's standalone net profit jumped to Rs 9,938.55 crore from Rs 8,244.65 crore in previous fiscal. Total standalone income also increased to Rs 35,618.07 crore in the fiscal from Rs 30,766.32 crore in 2017-18.

The company's consolidated net profit rose 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 recommended 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.