Power Grid Corp Q4 PAT rises 18% YoY to Rs 4156 cr

23 May 2022 , 10:03 AM

Profit before tax declined 4.4% to Rs 4,071.14 crore in Q4 FY22 as against Rs 4,258.51 crore recorded in the corresponding period last year. Total expenditure spiked 22.5% to Rs 1,982.74 crore inQ4 FY22 over Q4 FY21. Finance costs rose by 11.12% to Rs 2,090.66 crore while employee benefits expense declined 12.72% to Rs 570.74 in Q4 FY22 over Q4 FY21. On the margins front, the PSU companys operating margin stood at 91% in Q4 FY22, slightly higher than 90% recorded in the corresponding period last year. Net profit margin improved to 39% in Q4 FY22 from 34% recorded in Q4 FY21. On full year basis, the company recorded 39.8% increase in net profit to Rs 16,824.07 crore on a 5% rise in net sales to Rs 41,616.34 crore in FY22 over FY21. Meanwhile, the board of directors of the company recommended interim dividend of Rs 12.50 per share (including special dividend of Rs 3 per share). The board of directors has recommended final dividend of Rs 2.25 per share. The total dividend for the financial year 2021-22 is Rs 14.75 per share. Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. As of 31 March 2022, the Government of India owned 51.34% stake in the company. Shares of Power Grid Corporation of India fell 1.48% to Rs 225.65 on the BSE. Powered by Capital Market – Live News