India, May 14 -- National Grid plc (NGG,NG.L,NNGF.DE), a British electricity and gas distributor, on Thursday reported higher profit in fiscal 2026, despite weak revenues. Further, the firm lifted dividend, issued fiscal 2027 outlook, expecting growth in underlying earnings per share, and maintained Five-year financial framework.
In fiscal 2026, profit before tax grew 15 percent to 4.18 billion pounds from last year's 3.65 billion pounds. Earnings per share from continuing operations were 65.5 pence, up 9 percent from 60.0 pence last year.
Underlying profit before tax was 4.49 billion pounds, compared to 4.07 billion pounds a year ago. Underlying earnings per share were 78.0 pence, up 6 percent from 73.3 pence in the prior year.
Adjusted...