Power Grid Corporation of India Ltd (PGCIL) reported broadly in-line result with the estimate. Revenue for the quarter grew by 11.3% yoy to Rs9,179.6cr. EBITDA stood at Rs8,268.5cr, up 17.2% yoy with EBITDA margin of 90.1%, a 456bps yoy expansion. Net profit stood at Rs2,502.8cr.
EBITDA margin for the quarter witnessed 456bps yoy expansion aided by similar decline in the other expenes.
Depreciation and interest costs were up by 11.4% and 12.7% yoy.
Revenue from JV declined by 14.5% yoy to Rs29.3cr.
Other income during the quarter jumped by 44.2% yoy to Rs182.1cr.
Power Grid Corporation of India Ltd ended at Rs. 210.35, down by 3.7 points or 1.73% from its previous closing of Rs. 214.05 on the BSE.
The scrip opened at Rs. 213.10 and touched a high and low of Rs. 213.90 and Rs. 208.60 respectively. A total of 1,20,33,240 (NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.
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