Tweet
Powergrid Q3 profit rises 37%
Power Grid Corporation of India Limited (POWERGRID) recently reported a net profit of Rs 809 crore for the third quarter of FY 2011-12 (October-December, 2011) as against Rs 591 crore reported during the corresponding quarter ended December 31, 2010.
Total Income for October-December, 2011 rose to Rs 2576crore, up 20 per cent from Rs 2145 crore in the year-ago period. For the first nine months of FY 2011-12, the total income and net profit are Rs 7376 crore and Rs 2223 crore respectively.
The Company has declared interim dividend of 8 per cent for the financial year 2011-12 against 5 per cent interim dividend paid in the last financial year.
