07-11-2024 12:33 PM | Source: StoxBox
Quote on Power Grid Corporation of India Ltd Q2FY25 Result by Manish Chowdhury, Head of Research, StoxBox
Below the Quote on Power Grid Corporation of India Ltd Q2FY25 Result by Manish Chowdhury, Head of Research, StoxBox
* Power Grid Corporation reported a revenue of Rs. 11,278 crores (up 2.5% QoQ / up 0.1% YoY), surpassing the estimated revenue of Rs. 11,271 crores.
* The company earned an EBITDA of Rs. 9,701 crores (up 5% QoQ / down 2% YoY), and the EBITDA margins stood at 86.0%, which was 87.2% in the previous quarter and 87.9% in the quarter ended September 2023.
* The company earned a PAT of Rs. 3,793 crores (up 1.9% QoQ / up 0.3% YoY), which fell short of its estimates of Rs. 3,873 and the PAT margins stood at 34.6%, which was 33.6% during the previous quarter and 33.9% during the quarter ended September 2023.
* The company earned an EPS of Rs. 4.08 during the quarter (up 2% QoQ / up 0.5% YoY)
* The company announced its first interim dividend of Rs. 4.50 per equity share for FY25 to be paid on 4th December 2024.
View:
Power Grid Corporation of India, a government-owned transmission company, reported a 2.5% increase in revenue compared to the prior quarter. Notably, revenue from its transmission and telecom segments saw strong YoY growth. Although the company experienced a slight rise in expenses relative to previous quarters, this had minimal impact on its margins and profitability. Looking ahead, the government's focus on infrastructure development, along with increased power demand driven by economic activities, is expected to fuel growth in India's utility sector. Power Grid's upcoming renewable energy initiatives, backed by substantial capital expenditure and a resilient business model, signal a promising growth outlook over the long term. Consequently, the company’s performance is expected to remain positive, supporting a favorable medium to long-term perspective.
* The company earned an EBITDA of Rs. 9,701 crores (up 5% QoQ / down 2% YoY), and the EBITDA margins stood at 86.0%, which was 87.2% in the previous quarter and 87.9% in the quarter ended September 2023.
* The company earned a PAT of Rs. 3,793 crores (up 1.9% QoQ / up 0.3% YoY), which fell short of its estimates of Rs. 3,873 and the PAT margins stood at 34.6%, which was 33.6% during the previous quarter and 33.9% during the quarter ended September 2023.
* The company earned an EPS of Rs. 4.08 during the quarter (up 2% QoQ / up 0.5% YoY)
* The company announced its first interim dividend of Rs. 4.50 per equity share for FY25 to be paid on 4th December 2024.
View:
Power Grid Corporation of India, a government-owned transmission company, reported a 2.5% increase in revenue compared to the prior quarter. Notably, revenue from its transmission and telecom segments saw strong YoY growth. Although the company experienced a slight rise in expenses relative to previous quarters, this had minimal impact on its margins and profitability. Looking ahead, the government's focus on infrastructure development, along with increased power demand driven by economic activities, is expected to fuel growth in India's utility sector. Power Grid's upcoming renewable energy initiatives, backed by substantial capital expenditure and a resilient business model, signal a promising growth outlook over the long term. Consequently, the company’s performance is expected to remain positive, supporting a favorable medium to long-term perspective.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Evening Roundup : A Daily Report on Bullion Energy &...
India inflation to rise further to 5.81% on rising f...
Rupee weakens to record low, logs worst week in five...
Reduce NCC Ltd For Target Rs. 310 By Centrum Broking...
India`s Welspun posts steep Q2 profit drop on low do...
Palm Oil Sees Strongest Weekly Gains Since June 2022...
Add Page Industries Ltd For Target Rs. 46,991 By Ce...
Reduce Schaeffler India Ltd For Target Rs. 3,866 By ...
FIIs stood as net sellers in equities as per Novembe...
Commodity Research Evening Track by Kotak Securities
Top News
HG Infra Engineering rises on getting provisional completion certificate for Rajasthan project
More News
Quote on FPI : There are some important developments that might influence FPI inflows into I...
Property prices have surged in the last few years Says Mr. Ravi Aggarwal, Signature Global India
NSE launched four new indices in capital markets today - Inputs by Palka Arora Chopra, Director, Master Capital Services Ltd.
Quote on Bajaj Auto - Q1 FY25 Results by Arun Agarwal, VP-Fundamental Research, Kotak Securities