Power Grid Q4FY22 PAT up 17.87% at Rs4,156 crore on exceptional gains and deferred tax benefits

23 May 2022 , 01:31 PM

Powergrid Corporation reported 1.67% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs10,686 crore. On a sequential basis, revenues were up for the quarter by 2.29%.

Full year FY22 revenues were up 4.98% at Rs41,616 crore. For Q4FY22, Powergrid witnessed growth in revenues in the power transmission and the consultancy business while the telecom business revenues were slightly lower.

Cash from operations for FY22 were lower by around 10% on a yoy basis due to spike in other financial assets. Long term debt to working capital is sharply higher from 20% to 58% on yoy basis.

The consolidated net profit for Q4FY22 was up 17.87% at Rs4,156.44 crore. The net profits was higher by 26.22% on a sequential basis.

The net movement from regulatory deferral account was negative in the quarter. However Powergrid gained from exceptional gains from monetization and from deferred tax credits. 

Net margins were 38.90% in Q4FY22 quarter compared to 33.55% in Q4FY21. NPM was higher compared to 31.52% in Q3FY22. Operating margins were stable at 91%. EBIT of core transmission business was lower.

Financial highlights for Mar-22 compared yoy and sequentially

	Power Grid Corporation
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 10,686.00	₹ 10,510.23	1.67%	₹ 10,446.88	2.29%
Net Profit (Rs cr)	₹ 4,156.44	₹ 3,526.23	17.87%	₹ 3,292.97	26.22%
Diluted EPS (Rs)	₹ 6.87	₹ 5.64		₹ 4.82
Net Margins	38.90%	33.55%		31.52%