State-owned Power Grid Corporation Ltd on Friday, May 19, reported a 4 percent year-on-year (YoY) increase in net profit at Rs 4,320.4 crore for the fourth quarter that ended March 31, 2023.
In the corresponding quarter last year, the company posted a net profit of Rs 4,156.4 crore. CNBC-TV18 Polls had predicted a profit of Rs 4,100 crore for the quarter under review.
In the March quarter, total revenue stood at Rs 12,263.7 crore during the period under review, up 14.8 percent against Rs 10,686.8 crore in the corresponding period of the preceding fiscal. CNBC-TV18 Polls had predicted revenues of Rs 11,200 crore for the quarter under review.
At the operating level, EBITDA rose 16.8 percent to Rs 10,909.6 crore in the fourth quarter of this fiscal over Rs 9,341.3 crore in the corresponding period in the previous fiscal.
The EBITDA margin stood at 89 percent in the reporting quarter against 87.4 percent in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The board has recommended a final dividend of Rs 4.75 per share (i.e. 47.5 percent on the paid-up equity share capital) for the financial year 2022-23.
(Edited by : Shoma Bhattacharjee)
