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Q4FY22 Preview: Powergrid Corporation of India: Revenues seen at Rs10,680 crore, PAT at Rs3,827 crore

Stable quarter likely for the company

May 20, 2022 4:20 IST | India Infoline News Service
Result date: 21st May, 2022
Recommendation: Buy
Target price: Rs250
Source: IIFL Research

Powergrid Corporation of India (Powergrid) is set to post stable performance in the March 2022 quarter. Asset capitalization to the tune of Rs4,000-5,000 crore will be a key driver of this performance.

Both transmission and consultancy segments could grow in mid-to-high single digits as compared to the year-ago quarter. Capacity addition has been decent in the quarter under review and is a key positive.

Powergrid’s profitability in the quarter will be aided by flattish interest costs.

Overall, growth in EBITDA is pegged at 7.4%, while that in Profit After Tax (PAT) is estimated at 7.9% over the year-ago quarter.

Important management insights to watch out for:
  • Outlook on key business segments
  • Margin levers
 
Rs Crore March 2022 estimates YoY change QoQ change
Revenue 10,680 7.5% 0.2%
EBITDA 9,401 7.4% 1.0%
Profit After Tax 3,827 7.9% 12.6%
Source: Brokerage reports

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