November 22, 2024 13:55 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi bestowed Dominica's highest award at India-CARICOM Summit | 69-year-old Delhi man, a St. Stephen's alumnus, arrested for conning govt officers by posing as ex-IPS | 'Baseless': Adani Group denies US charges of bribery and fraud against Gautam Adani | AAP's first list of candidates for Delhi polls feature six turncoats | PM Modi is incapable to arrest Gautam Adani: Rahul Gandhi after tycoon charged with bribery and fraud in the US
Power Grid Corporation March qtr PAT drops 4% to Rs 4,166.33 cr

Power Grid Corporation March qtr PAT drops 4% to Rs 4,166.33 cr

| @indiablooms | 22 May 2024, 11:03 pm

Mumbai: State-owned Power Grid Corporation reported a nearly four percent decrease in its consolidated net profit to Rs 4,166.33 crore for the March 2024 quarter, primarily due to a slight decline in income.

This compares to a consolidated net profit of Rs 4,322.87 crore in the same quarter last year, according to a BSE filing.

The company's total income for the quarter fell to Rs 12,305.39 crore, down from Rs 12,557.44 crore a year earlier.

For the fiscal year 2023-24, the consolidated net profit increased to Rs 15,573.16 crore from Rs 15,419.74 crore the previous year.

Total income for the fiscal year rose to Rs 46,913.12 crore, compared to Rs 46,605.64 crore in the prior year.

The board has also recommended a final dividend of Rs 2.75 per share (27.5 percent on the paid-up equity share capital) for the financial year 2023-24, subject to shareholder approval at the upcoming annual general meeting.

This final dividend will be paid within 30 days of its declaration at the AGM.

This final dividend is in addition to the first interim dividend of Rs 4 per share (40 percent on the paid-up equity share capital) paid on December 6, 2023, and the second interim dividend of Rs 4.50 per share (45 percent on the paid-up equity share capital) paid on March 5, 2024, for the financial year 2023-24.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.