Q4FY23 Preview: Powergrid Corporation of India: Revenue seen at Rs. 11,425 crore, PAT at Rs. 4,017 crore

17 May 2023 , 02:49 PM

Result date: 19^th May, 2023

Recommendation: Buy

Target price: Rs. 250

(Source: IIFL Research)

Power Grid Corporation of India (Power Grid)’s revenue could grow 10% over the year-ago quarter. Increased capacity and generation will rub off favorably on the company’s regulatory business.

The company’s EBITDA could grow 8% during the quarter. Power Grid’s Profit After Tax or PAT could grow 6.4% over the year-ago quarter. 

Important management insights to watch out for:

• Guidance on capex 
• Plans to enter smart metering infra business

Rs Crore	March 2023 estimates	YoY change	QoQ change
Revenue	11,425	10.1%	1.9%
EBITDA	9,973	8.0%	1.9%
Profit After Tax	4,017	6.4%	14.5%

Source: Brokerage estimates