PGCIL Q4 results: Net profit rises 18% to Rs 4,156 cr backed by higher income

Total income during January-March increased to Rs 11,067.94 crore compared to Rs 10,816.33 crore recorded in the corresponding period of FY21

AgenciesUpdated: Saturday, May 21, 2022, 08:13 PM IST
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The company's consolidated net profit stood at Rs 3,526.23 crore in the year-ago quarter, Power Grid Corporation of India Ltd (PGCIL) said in a BSE filing. / Representative Image |

State-owned Power Grid Corporation of India Ltd on Saturday posted about 18 percent rise in its consolidated net profit at Rs 4,156.44 crore for the March 2022 quarter, backed by higher income.

The company's consolidated net profit stood at Rs 3,526.23 crore in the year-ago quarter, Power Grid Corporation of India Ltd (PGCIL) said in a BSE filing.

Its total income during January-March increased to Rs 11,067.94 crore compared to Rs 10,816.33 crore recorded in the corresponding period of FY21.

The expenses during the quarter were at Rs 6,715.21 crore as against Rs 6,208.39 crore a year ago.

The board of the company has also declared interim dividend of Rs 12.50 per share for financial year 2021-22.

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