Power Grid Corp net profit jumps 37%

Central transmission utility Power Grid Corporation of India on Tuesday reported a 37.35 per cent increase in net profit to Rs 1,031.69 crore for the quarter ended March 31, 2012 on higher income from operations.

The company's net profit for the period under consideration last fiscal stood at Rs 751.12 crore, the company said in a regulatory filing.

For the year ended March 31, 2012, the company's standalone net profit stood at Rs 3,254.95 crore, higher by 20.69 per cent from the year ago period when it stood at Rs 2,696.89 crore.

On a consolidated basis, the net profit stood at Rs 4,689.66 crore for the year ended March 31, 2012, as against Rs 3,829.29 crore in the year-ago period.

During the year, the company paid an interim dividend of Rs 0.80 per share for the year 2011-12.