Power Grid Corporation Q3FY22 Preview: Revenue seen at Rs 10,134 crore, PAT at Rs 3,353 crore

8 Feb 2022 , 01:01 PM

Result date: 9^th February, 2022
Recommendation: Buy
Target price: Rs. 240
(Source: IIFL Research)

Power Grid Corporation of India is likely to report 4.8% year-on-year growth in revenue for the quarter ended December 31, 2021. Key factors to watch out will be capitalization of assets and capex undertaken as well as earmarked for the future. EBITDA growth is likely to be healthy even though lower other income could weigh down PAT growth during the quarter.

Important management insights to watch out for:

• Outlook on capex
• Demand trends

Rs. Crore	December 2021 estimates	YoY change
Revenue	10,134	4.8%
EBITDA	8,867	5.1%
PAT	3,353	0.9%

Source: Brokerage reports