Power Grid Dividend 2025 announced in Q3 quarterly results: Check payment, record date, PSU's earnings

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Power Grid Dividend 2025 announced in Q3 quarterly results: Check payment, record date, PSU's earnings

//business-finance.news-articles.net/content/202 .. ts-check-payment-record-date-psu-s-earnings.html

Published in Business and Finance on Monday, February 3rd 2025 at 12:20 GMT by MSN

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Power Grid Corporation of India Limited, is a Schedule 'A', 'Maharatna' Public Sector Enterprise of Govt. of India which was incorporated on 23rd Oct 1989 under the Company Act, 1956.

2025-02-03 231 x 130 / 7688 Bytes

Power Grid Corporation of India announced its Q3 results for the fiscal year 2024, reporting a consolidated net profit of Rs 4,028.35 crore, marking a 10.5% increase from the previous year's Rs 3,645.29 crore. The company also declared a second interim dividend of Rs 4.50 per equity share for the financial year 2024-25, with the record date set for February 7, 2024. This dividend will be paid to shareholders whose names appear in the Register of Members or in the records of the depositories as beneficial owners of the shares as of the record date. Additionally, Power Grid's revenue from operations rose by 2.5% to Rs 11,549.84 crore from Rs 11,262.12 crore in the same quarter of the previous year. The company's board also approved investments in various projects, including a new 765kV D/C transmission line and the augmentation of transformation capacity at existing substations.

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