Q2FY24 Preview: Power Grid Corporation of India: Revenue seen at Rs. 108,982 million, PAT at Rs. 37,623 million

2 Nov 2023 , 10:44 AM

Result date: November 7, 2023

Recommendation: Buy 

Target price: Rs. 202

Analysts at IIFL Capital Services expect Power Grid Corporation of India to post about 3% growth in revenue for the September 2023 quarter as compared to the year-ago quarter. Higher regulated equity will be a key driver of performance during the quarter.

The company’s EBITDA could grow 6% and Profit After Tax (PAT) could grow 3% over the year-ago quarter.

Securitization of assets and commencement of new RTM contracts are key monitorables.

Rs. Million	September 2023 estimates	YoY change
Revenue	108,982	2.6%
EBITDA	94,972	6.4%
Profit After Tax	37,623	3.0%

Source: IIFL Research