Mumbai, Feb 9 (IANS) State-run Power Grid Corporation of India on Thursday reported a rise of 20.15 per cent in its standalone net profit for the quarter ended December 31, 2016.
According to the company, its net profit during the quarter under review increased to Rs 1,930.02 crore from Rs 1,606.25 crore reported during the like quarter of last fiscal.
Power Grid's total income from operations edged-up by 23.47 per cent to Rs 6,629.76 crore as compared to Rs 5,369.49 crore earned during the corresponding period of 2015-16.
The company's Board of Directors declared an 'interim dividend' of 10 per cent of share capital which amounts to Re 1 per share of Rs 10 each.
The company's scrip at the BSE gained 0.47 per cent or Re 0.95 per share to Rs 202.05 from its previous close of Rs 201.10 per equity share.
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