Power Grid Corporation Share Q4 Results FY21- Dividend & Bonus

Power Grid share latest news

Corporate Action
by Nikita Bhoota Last Updated: 2022-08-08T18:41:17+05:30

Power Grid Corporation Ltd reported a 3.57% YoY fall in consolidated net revenues for the Mar-21 quarter at Rs10,510cr. On a sequential basis, net sales revenues were up 3.63% compared to total revenues in the Dec-20 quarter at Rs10,142cr.

Full-year revenues for FY21 were 5.02% higher at Rs39,640cr. In terms of verticals, the major transmission vertical saw 2.7% growth YoY while the consultancy and telecom verticals reported flat revenues. Debt equity lowered in the quarter leading to interest coverage improving from 3.79 to 4.26

Net profits in the Mar-21 were up 6.42% at Rs322.22cr due to a sharp cut in finance charges and other expenses. 

Net margins at 33.55% in the Mar-21 quarter was better than 32.65% in the Mar-20 quarter and 33.20% in the sequential Dec-20 quarter. 

Power Grid declared a final dividend of Rs.3 per share taking the total dividend for FY21 to Rs.12 per share. The final dividend would be paid within 30 days from the date of its declaration at the AGM.

The board has also recommended the issue of bonus shares in the ratio of 3:1 one new equity bonus share of Rs 10 each for every three existing equity shares of Rs 10 each fully paid-up, subject to the shareholders' approval.

The date on which such bonus shares shall be credited or dispatched will be informed to the stock exchanges in due course.

Disclaimer: The above report is compiled from information available on public platforms.

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