Friday, Mar 29 2024 | Time 06:45 Hrs(IST)
image
Business Economy


Power Grid net proft up 18 pc at Rs 4,156 crore in Q4

New Delhi, May 21 (UNI) State-run Power Grid Corporation on Saturday reported 18% year-on-year jump in net consolidated profit to Rs 4,156.44 crore for the quarter ending March 2022 (Q4) as compared to Rs 3,526.23 crore in the corresponding period of the previous financial year.
The company's revenue from operations in January-March period of FY22 stood at Rs 10,686 crore as against Rs 10,510.23 crore in the same period of the previous year.
The total income for Q4FY22 was Rs 11,068 crore compared to Rs 10,816 crore in the Q4 of the previous year.
On consolidated basis, company posted a net profit of Rs 16,824 crore and total income of Rs 42,698 crore for FY22 registering a year-on-year growth of 40% and 5% respectively.
"The company has proposed a final dividend of 22.5% (Rs 2.25 per share on a face value of Rs 10 each) in addition to first and second interim and special dividends aggregating to 125% (Rs 12.5 per share on a face value of Rs 10 each) already paid for the FY22," Power Grid said in a statement.
The total dividend for the year thus amounts to Rs 14.75 per share compared to Rs 9.75 per share (adjusted for bonus share) for the previous year.
UNI NK
More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image