Quote on 3QFY21 results of PowerGrid Corp By Angel Broking
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Below are Quote on 3QFY21 results of PowerGrid Corp By Angel Broking
“Power grid reported numbers in line with expectation, power grid corporation of India reported revenue from operations for Q3FY21 at ₹10142 crores up by 8.3% YoY from ₹9364 crores in Q3FY20. Profit before tax for the quarter at ₹4010 crores in Q3FY21 as compared to ₹3105 crores up by 29% in Q3FY20. Profit after tax for the quarter at ₹3367 crores in Q3FY21 as compared to ₹2672 crores up by 26% in Q3FY20.
Power grid reported the numbers in line with our expectations, Transmission has done well for the company up by 8.3%.”
We have a neutral outlook on PowerGrid.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
