Shares of Energy Grid Company of India Restricted dropped sharply on Monday, 18 Might, touching a day low of Rs 290.20 on BSE after the corporate posted its March quarter earnings on Friday.
Outcomes have been out on Friday. That gave traders the weekend to digest the numbers, and Monday morning, they offered. For This autumn FY26, Energy Grid reported standalone income of Rs 9,971.09 crore, down roughly 9% in comparison with the identical quarter final 12 months.
Web revenue for the quarter got here in at Rs 4,552.80 crore, up round 10% year-on-year. Revenue grew, however regardless of that, traders targeted on the decline in income, which weighed on the inventory by means of the session.
The complete image for FY26 as a complete appeared steadier. Annual income stood at Rs 40,904.20 crore, with full-year internet revenue at Rs 15,921 crore.
On the dividend entrance, Energy Grid’s board authorised a closing dividend of Rs 1.25 per share, taking the overall payout for the total 12 months to Rs 9 per share.
The Authorities of India, which holds a 51.34% stake within the Maharatna public sector enterprise, would be the largest beneficiary of that payout.
At 11:33 am on BSE, shares of the New Delhi-based transmission utility have been buying and selling at Rs 292.45, down 4.38% from Friday’s shut of Rs 305.85. The inventory’s 52-week vary sits between Rs 250.05 and Rs 324.80.
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