Power Grid's Profits Surge, Dividend Announced

24 May 2024 CW Team

Power Grid Corporation of India has reported a substantial increase in its profits for the fiscal year 2024, with net profits reaching Rs 15,573 crore. This marks a significant rise from the previous year, reflecting the company's strong operational performance and strategic initiatives. In response to these robust financial results, the company's board has recommended a generous dividend of 11.25 per share for FY24, underscoring its commitment to delivering value to shareholders.

The financial uplift is attributed to enhanced operational efficiencies and an expanded asset base, which have collectively bolstered the company's revenue streams. The total consolidated revenue from operations for the March quarter alone stood at Rs 24,141 crore, up 20% from Rs 20,061 crore reported in the year-ago period. This growth is indicative of Power Grid's solid market position and its ability to adapt to the dynamic energy sector's demands.

Moreover, the announcement of a 450% dividend, translating to Rs 9 per equity share of Rs 2 each, further highlights the company's robust financial health and its strategy to enhance shareholder returns. This decision is subject to shareholder approval, reflecting a transparent and shareholder-friendly corporate policy.

Power Grid's financial achievements are particularly noteworthy given the broader economic challenges and the competitive nature of the global energy market. The company's ability to maintain and increase profitability while navigating these complexities speaks volumes about its management's efficacy and the operational excellence of its team.

In conclusion, Power Grid Corporation of India's impressive FY24 performance and the subsequent dividend announcement are clear indicators of its strong market presence and financial stability. These developments not only enhance investor confidence but also contribute to the broader stability of the energy sector in India, supporting the nation's energy needs and economic growth.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..