Power Grid Corporation of India Ltd (PGCIL) today said its profit after tax (PAT) surged 32 per cent to Rs 2,696.89 crore in the year ended March 31,2011. PGCIL had recorded a profit of Rs 2,040.94 crore in the same period a year ago,it said in a regulatory filing. The state-run entity,which is mainly into transmission of power,raked in revenues of Rs 8,388.70 crore in 2010-11,compared to Rs 7,127.45 crore in the year-ago period. These standalone results are audited. The company's board of directors,which met today,has recommended a final dividend of Rs 1.25 per share. This would be in addition to the interim dividend of Rs 0.50 per share paid in February. Together,the total dividend for shareholders in 2010-11 would be Rs 1.75 per share. On a consolidated basis,PGCIL posted a profit after tax of Rs 2,671.91 crore on revenues of Rs 8,611.76 crore in 2010-11. Shares of the company were marginally down at Rs 98.65 apiece in late afternoon trade on the Bombay Stock Exchange.
