New Delhi: State-run Power Grid Corp on Thusrday posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from its power transmission business.
The company had reported a net profit of Rs 1,412.48 crore for the corresponding period of 2014-15, it said in a regulatory filing.
The company's standalone income from transmission business increased to Rs 5,485.89 crore in the quarter under review from Rs 4,426.40 crore in the year-ago period, it said.
Income from operations rose to Rs 5,760.07 crore in the quarter under review as against Rs 4,703.22 crore in the year-ago period.
Power Grid Corp reported a standalone net profit of Rs 6,026.72 crore in 2015-16 compared to Rs 4,979.17 crore in the previous fiscal year.
The company's total standalone income from operations too increased to Rs 20,802.22 in fiscal year 2015-16 compared to Rs 17,177.23 crore in the previous financial year.
In a separate filing, Power Grid Corp said the board of directors, at its meeting held on May 26, 2016, has recommended a final dividend of Rs 1.51 per share (of face value Rs 10 each).
The total dividend (including interim dividend) for the financial year 2015-16 is Rs 2.31 per share (of face value Rs 10 each).
During the year, the company has paid an interim dividend of Rs 0.80 per share (of face value Rs 10 each) for year 2015-16.
The company had reported a net profit of Rs 1,412.48 crore for the corresponding period of 2014-15, it said in a regulatory filing.
The company's standalone income from transmission business increased to Rs 5,485.89 crore in the quarter under review from Rs 4,426.40 crore in the year-ago period, it said.
Income from operations rose to Rs 5,760.07 crore in the quarter under review as against Rs 4,703.22 crore in the year-ago period.
Power Grid Corp reported a standalone net profit of Rs 6,026.72 crore in 2015-16 compared to Rs 4,979.17 crore in the previous fiscal year.
The company's total standalone income from operations too increased to Rs 20,802.22 in fiscal year 2015-16 compared to Rs 17,177.23 crore in the previous financial year.
In a separate filing, Power Grid Corp said the board of directors, at its meeting held on May 26, 2016, has recommended a final dividend of Rs 1.51 per share (of face value Rs 10 each).
The total dividend (including interim dividend) for the financial year 2015-16 is Rs 2.31 per share (of face value Rs 10 each).
During the year, the company has paid an interim dividend of Rs 0.80 per share (of face value Rs 10 each) for year 2015-16.
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