power grid corp of india ltd (PWGR) Snapshot

The Board of Directors of the Power Grid Corporation of India Ltd. at its meeting held on May 28, 2013 have recommended final dividend at 11.4% of share capital that is INR 1.14 per share of INR 10 each.

Power Grid Corporation of India Limited reported unaudited standalone earnings results for the fourth quarter and full year and consolidated earnings results for the full year ended March 31, 2013. For the quarter, on standalone basis, total income from operations was INR 338.066 million compared to INR 315.566 million a year ago. Profit from operations before other income finance cost, prior period adjustments and exceptional items was INR 193.307 million compared to INR 193.997 million a year ago. Profit from ordinary activities before tax was INR 150.486 million against INR 163.542 million a year ago. Net profit was INR 110.944 million or INR 2.40 per basic and diluted share before and after extraordinary items compared to net profit of INR 103.169 million or INR 2.23 per basic and diluted share before and after extraordinary items a year ago. For the full year, on standalone basis, total income from operations was INR 1,275.785 million compared to INR 1,016.427 million a year ago. Profit from operations before other income finance cost, prior period adjustments and exceptional items was INR 758.449 million compared to INR 593.878 million a year ago. Profit from ordinary activities before tax was INR 564.486 million against INR 459.760 million a year ago. Net profit was INR 423.450 million or INR 9.15 per basic and diluted share before and after extraordinary items compared to net profit of INR 325.495 million or INR 7.03 per basic and diluted share before and after extraordinary items a year ago. For the full year, on consolidated basis, total income from operations was INR 1,316.390 million compared to INR 1,044.046 million a year ago. Profit from operations before other income finance cost, prior period adjustments and exceptional items was INR 778.605 million compared to INR 605.520 million a year ago. Profit from ordinary activities before tax was INR 577.563 million against INR 468.966 million a year ago. Net profit was INR 431.261 million or INR 9.32 per basic and diluted share before and after extraordinary items compared to net profit of INR 330.299 million or INR 7.14 per basic and diluted share before and after extraordinary items a year ago.

Power Grid Corporation of India Limited announced that they will report fiscal year 2013 results on May 28, 2013