State utility Power Grid Corporation today posted a 20 per cent rise in its standalone net profit at Rs 1,412.48 crore for the quarter ended March 31, 2015.
The company's standalone net profit stood at Rs 1,175.84 crore in the January-March quarter of the previous fiscal, Power Grid Corporation stated in a BSE filing.
According to the statement, for 2014-15, the company's consolidated net profit rose to Rs 5,046.25 crore from Rs 4,547.58 crore in the previous fiscal.
The company's consolidated total income has increased to Rs 18,233.04 crore million during 2014-15 from Rs 16,146.12 crore for 2013-14.
In a separate filing, the company said the Board of Directors at its meeting held on May 30 has recommended final dividend of Rs 1.31 per share (face value Rs 10 each).
