Power Grid net profit drops marginally to ₹3,292 cr in December quarter

On Wednesday, Power Grid shares closed flat at ₹209.95 apiece on NSE.

1 min read . Updated: 09 Feb 2022, 07:02 PM IST Livemint

Power Grid Q3 results: The company's revenue from operations rose 3% to ₹10,447 crore during the reporting period

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State-run Power Grid Corporation of India Ltd's consolidated net profit declined by 2.2 per cent to ₹3,292.97 crore in the October-December quarter compared to the year-ago period.

The company had reported a consolidated net profit of ₹3,367.71 crore in the quarter ended on December 31, 2020, a BSE filing said.

The company's revenue from operations rose 3% to ₹10,447 crore during the reporting period as against ₹10,142 crore in the corresponding quarter of last year.

The board has also approved the payment of second interim dividend of ₹5.50 per equity share for the financial year 2021-22.

Earlier, the company board in its meeting held on 15 December 2021, had declared an interim dividend of ₹7 per share (including special dividend of ₹3 per share) (face value of ₹10 each) for 2021-22 and subsequently paid on January 11, 2022.

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PGCIL is mainly engaged in the business of power transmission.

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