Power Grid Corporation net profit rises over 8 pc in Q2; declares 50 pc dividend of Rs 5 per share | The Financial Express

Power Grid Corporation net profit rises over 8 pc in Q2; declares 50 pc dividend of Rs 5 per share

The total income of the company rose to Rs 11,349.44 crore in the quarter from Rs 10,514.74 crore in the same period a year ago.

Power Grid Corporation net profit rises over 8 pc in Q2; declares 50 pc dividend of Rs 5 per share
This is the second time that such incident is happening. Last year in October, Pakistan had experienced a major power breakdown. (File)

State-owned Power Grid Corporation on Saturday posted over eight per cent rise in consolidated net profit at Rs 3,650.16 crore in the September quarter of FY23, mainly on the back of higher revenues.

The consolidated net profit of the company was Rs 3,376.38 crore in the quarter ended on September 30, 2021, a BSE filing showed.

The total income of the company rose to Rs 11,349.44 crore in the quarter from Rs 10,514.74 crore in the same period a year ago.

Also Read| Punjab & Sind Bank net profit rises 27 pc to Rs 278 crore in July-September 

Board of directors, in its meeting held on Saturday, approved the payment of an interim dividend of Rs 5 per equity share of Rs 10 each (@50 per cent of the paid-up equity share capital) for the financial year 2022-23.

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First published on: 05-11-2022 at 14:40 IST