Power Grid Corp Q3 net profit rises 20% to Rs 1,930 cr

State-run Power Grid Corp today posted a 20 per cent jump in standalone net profit at Rs 1,930.02 crore for the third quarter ended December 31, 2016, on the back of higher income.
"The company has posted a net profit of Rs 1,930.02 crore for the quarter ended December 31, 2016 as compared to Rs 1,606.25 crore for the quarter ended December 31, 2015," Power Grid Corp said in a BSE filing.
According to statement, its total income has increased from Rs 5,476.37 crore in the year-ago quarter to Rs 6,787.51 crore in the quarter ended December 31, 2016.
In a separate filing, the company said its board, at a meeting today, declared an interim dividend of 10 per cent of share capital i.E. Re 1 per share of Rs 10 each which shall be paid/dispatched on March 2, 2017.

The company's income from transmission segment increased to Rs 6,206.84 crore in the third quarter compared to Rs 5,105.68 crore a year ago. Similarly, its income from telecom segment rose to Rs 130.03 crore from Rs 102.74 crore in the year-ago period.