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:
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
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