Power Grid Q1 Results: Profit falls 5% YoY to Rs 3,597 cr; co announces 1:3 bonus issue
Power Grid on Monday reported a 5% YoY fall in consolidated net profit to Rs 3,597 crore in the first quarter. It was Rs 3,801 crore in the year-ago period.
The company’s Board has also recommended issue of bonus shares in the ratio of 1:3. This means, for every three shares investors hold, they will get one additional share.
