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<p>State-owned Power Grid Corporation of India Ltd (PGCIL) reported a nearly 10 per cent rise in consolidated net profit for the March quarter.&nbsp;Brokerages remained constructive on the stock after the earnings announcement, with several firms highlighting strong capitalisation growth, improving execution and higher capex visibility.</p>


Power Grid Share Price: Maharatna PSU profit rises 10%; Brokerages see up to 17% upside in stock

<p>The board of Power Grid also recommended a final dividend of Rs 2.75 per share (i.E. 27.5 per cent on the paid-up equity share capital) for the financial year 2023-24 subject to the approval of the shareholders at the ensuing annual general meeting of the company.</p>


Power Grid Corporation Q4 earnings: Net profit dips marginally to Rs 4,166 crore

power-grid-corporation-dividend

State-owned Power Grid Corporation of India Ltd (PGCIL) reported a nearly 10 per cent rise in consolidated net profit for the March quarter. Brokerages remained constructive on the stock after the earnings announcement, with several firms highlighting strong capitalisation growth, improving execution and higher capex visibility.

The board of Power Grid also recommended a final dividend of Rs 2.75 per share (i.E. 27.5 per cent on the paid-up equity share capital) for the financial year 2023-24 subject to the approval of the shareholders at the ensuing annual general meeting of the company.

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Power Grid Corporation Dividend

Power Grid Share Price: Maharatna PSU profit rises 10%; Brokerages see up to 17% upside in stock

Power Grid Corporation Q4 earnings: Net profit dips marginally to Rs 4,166 crore

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