Mumbai, May 24 : The Power Grid Corporation of India ltd ((PGCIL) Tuesday posted a 32 percent rise in its net profit at Rs. 2,696.89 crore for the quarter ended March 31 as against Rs. 2,040.94 crore during the like period of the last fiscal.

The total revenue rose 17.5 percent at Rs. 8,388.7 crore during the quarter under review as compared to Rs. 7,127.45 crore during the like period of the previous fiscal, the company said in a regulatory filing.

The company also recommended a final dividend of Rs. 1.25 per share. This is in addition to interim dividend of Rs. 0.50 per share paid in February 2011.

At the Bombay Stock Exchange, the shares of the company closed 0.55 percent lower at Rs. 98.80. (IANS)