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Power Grid Corporation of India Q3 FY17 standalone net profit rises 20.2% yoy to Rs 1,930 crore

Posted By: Sachin Murdeshwar February 9, 2017

MUMBAI,  9 Feb,  2017 ( GPN) : Power Grid Corporation of India Ltd Q3FY17 standalone results for the quarter registered a beat on consensus estimates. Revenue for the quarter came in 0.5 % higher than the estimated figure of Rs. 6596 crore. EBITDA for the quarter came in 1.2 % higher than the estimated figure of Rs. 5890 crore. And lastly, net profit for the quarter came in 2.7 % higher than the estimated figure of Rs. 1880 crore.

Power grid Corporation of India Ltd’s. standalone revenue for the quarter came in at Rs. 6630 crore, registering 23.5% yoy increase. This was primarily driven by increase in transmission segment revenues by 23% yoy to Rs.6411.2 crore.

EBITDA for the quarter rose by 24.5% yoy to Rs. 5959 crore with a corresponding margin expansion of 70 bps. EBITDA margin for the quarter stood at 89.9%.

The PAT for the quarter came in at Rs.1930 crore, yoy increase of 20.2%. This was due to increase in other income by 47% yoy to Rs. 157 crore.
 


Technical View: 

Power Grid Corporation of India Ltd ended at Rs. 202.05, up by 0.95 points or 0.47% from its previous closing of Rs. 201.1 on the BSE.
The scrip opened at Rs. 203.3 and touched a high and low of Rs. 205.5 and Rs. 201 respectively. A total of 7644803(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.ENDS.

Power Grid Corporation of India Ltd Q3FY17

Standalone Results Q3FY17: (Rs. in crore)

Q3FY17 YoY (%)
Revenue 6,630 23.5
EDITDA 5,959 24.5
EBITDA Margin (%) 89.9 70
Net Profit (adjusted) 1,930 20.2

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.