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Power Grid to report Q3 results today; here's what experts say

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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.




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