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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: 19th 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

Related Tags

  • Power Grid Corporation of India
  • Power Grid Corporation of India Q4
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