Power Grid Corp Q4 profit up 6%

Written by Press Trust of India | New Delhi | Updated: May 30 2014, 10:48am hrs
Central transmission utility Power Grid Corporation reported a nearly 6% jump in net profit at R1,175.84 crore for the quarter ended March, aided by increase in income from transmission and consultancy services businesses. The company had posted a net profit of R1,109.44 crore during the same quarter previous year.

Board of directors of the company announced a dividend of R1.31 per share in addition to interim dividend of R1.27 per share paid in March.