The utility service provider posted a jump of over 13 per cent in its consolidated net profit to Rs 429 crore for the March 2021 quarter, mainly due to higher revenues. The company’s consolidated net profit had stood at Rs 378 crore in the quarter ended March 31, 2020.
The counter surged more than 6 per cent to Rs 819.15 on Thursday, a new 52-week high, before giving up most of those intraday gains. At 2:21 pm, the stock traded up 1.93 per cent at Rs 785.25 apiece on BSE, outperforming the Sensex index, which was down 0.65 per cent at 52,159.93.
In a regulatory filing, it said that the company’s board has approved a proposal for the sub-division of the existing one equity share of face value of Rs 10 each into 10 equity shares of face value of one rupee each.
Its total income rose to Rs 3,003 crore in January-March 2021 from Rs 2,729 crore in the year-ago period.
Shares of the power generation and distribution company have surged over 28 per cent so far in 2021. The counter has delivered a return of 15 per cent in the last one month.
For the full financial year 2020-21, the consolidated net profit stood at Rs 1,363 crore, as against Rs 1,309 crore in 2019-20. Total income in the fiscal stood at Rs 11,874 crore, compared with Rs 12,378 crore a year ago.
