Power Grid Q3 net profit up 10.5%

New Delhi: Power Grid Corporation of India Ltd on Wednesday reported 10.5 per cent rise in its consolidated net profit at Rs 4,028 crore in the October-December quarter of the current financial year, compared to Rs 3,645 crore in the same period. . Of last year.

Power Grid Board has approved a second interim dividend of Rs 4.50 per equity share for 2023-24. The second interim dividend will be paid to eligible shareholders on March 5.

The state-owned company’s revenue from operations rose 2.5 percent year-on-year to Rs 11,550 crore in the third quarter from Rs 11,262 crore in the same period last year.

EBITDA for the quarter rose 3 per cent year-on-year to Rs 10,213 crore. A year ago it was Rs 9,893 crore. Meanwhile, margins increased to 88.4 percent in the quarter under review.

Total expenses during the quarter fell to Rs 7,076 crore compared to Rs 7,786 crore in the same quarter last year.