INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty50 constituent Power Grid will announce its December quarter results on Thursday.
Brokerage Edelweiss Securities expects the
power company to report a 14 per cent YoY jump in profit after tax (PAT) at Rs 2,318 crore compared with Rs 2,040.80 crore profit in the
year-ago quarter.
It sees a similar 14 per cent growth in revenues at Rs 8,565.50 crore for the quarter.
“We expect revenue/Ebitda growth
of 14 per cent/12 per cent YoY led by capitalisation of Rs 7,500 crore (up 25 per cent YoY)
Consequently, we expect regulated equity addition of Rs 22,500 crore, leading to regulated equity growth of 14 per cent YoY,” the
brokerage said.
Reliance Securities is expecting profit to rise 9.4 per cent at Rs 2,277.70 crore, while it sees revenues rising 8.6 per
cent to Rs 8,455.70 crore.
“We expect lower growth in reported profit than revenue growth, owing to substantial rise in depreciation and
interest cost led by projects addition
Revenue is expected to grow by a 8.6 per cent YoY, owing to strong capitalisation in previous 3-4 quarters,” the brokerage
said.
Meanwhile, Motilal Oswal expects a capitalisation of Rs 7,000 crore in the quarter, with full-year capitalisation at Rs 28,000 crore.
