On a consolidated basis, Power Grid Corporation of India's net profit rose 6.42% to Rs 3,526.23 crore on 3.57% increase in revenue from operations to Rs 10,510.23 crore in Q4 March 2021 over Q4 March 2020.
Profit before tax jumped 38.86% to Rs 4,662.18 crore in Q4 FY21 as against Rs 3,357.41 crore in Q4 FY20.
During the financial year, Power Grid Corporation of India's consolidated net profit advanced 8.83% to Rs 12,036.46 crore on 5.02% rise in revenue from operations to Rs 39,639.79 crore in FY 2021 over FY 2020.
The board on 17 June 2021 has recommended a final dividend of Rs 3 per share for the FY 2020-21.
Meanwhile, Power Grid Corporation of India has recommended issue of bonus shares in the ratio of 3:1 (one bonus share for every three existing equity share).
Power Grid Corporation of India was established by the Government of India (GoI) as the central transmission utility of India. As of 31 March 2021, the Government of India held 51.34% in the electric utility manufacturing company.
Shares of Power Grid Corporation of India lost 0.79% to Rs 237.80 on BSE. The scrip hovered in the range of Rs 237.75 to Rs 247 so far.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU