Power Grid's net profit rises nearly 4% to Rs 3,781 crore in Q2

New Delhi: Power Grid Corporation Limited (PGCIL) on Tuesday posted nearly four percent rise in its consolidated net profit to Rs 3,781.42 crore compared to a year ago mainly on the back of higher revenues.

Its consolidated net profit was Rs 3,650.29 crore in the quarter ended September last year, according to a BSE filing.

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Total income increased to Rs 11,530.43 crore in the quarter from Rs 11,349.44 crore in the same period a year ago.

The company's board of directors has approved an interim dividend of Rs 4 per equity share worth Rs 10 each (at the rate of 40 per cent of the paid-up equity share capital) for the financial year 2023-24. The interim dividend shall be paid on December 6, 2023.

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