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
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