Power Grid Q3 results, net profit stood at Rs 4,028 crore

Power Grid Corporation has announced its quarterly results with a surge of 10 percent in its consolidated net profit standing at Rs 4028 crore, compared to Rs 3,645 crore posted in the corresponding quarter of the previous fiscal year.

The company's revenue from operations increased slightly by 2.5% year-on-year standing at Rs 11,550 crore in the given quarter against Rs 11,262 crore in the previous fiscal year. Further, the company's board has approved a second interim dividend of Rs 4.50 per equity share for the FY25. The second interim dividend will be paid on March 5 to the eligible shareholders.

As per the operating level, EBITDA surged to 3.2% to Rs 10,212.9 crore in the third quarter as against Rs 9,893.5 crore in the corresponding period of the previous fiscal year.

Read Also : Civil Construction PSU, NBCC bags construction projects worth Rs 9,445 crore

Meanwhile, the EBITDA margin stood at 88.4% in the reporting quarter as against 87.9% in the corresponding period in the previous fiscal. The shares of the respective company swelled nearly by 5% at the opening trade session on Thursday after the announcement while currently trading at Rs 281.

Read Also : Railway PSU stock RVNL to get focus, secures Letter of Award from Southern Railway