Quarterly Results: Power Grid Corporation of India Ltd
Bhagyashree Vivarekar / 09 Nov 2016
Power Grid Corporation of India Ltd., ended at Rs. 180.2, up by 3.2 points or 1.81% from its earlier closing of Rs. 177 on the BSE. The company's net profit has surged by 67.4% yoy to Rs 1872 cr.
Technical View:
Power Grid Corporation of India Ltd., ended at Rs. 180.2, up by 3.2 points or 1.81% from its earlier closing of Rs. 177 on the BSE.
The scrip touched a high and low of Rs. 180.4 and Rs. 167.4 respectively, after opening at 170. In totality 6700972(NSE+BSE) shares were traded on the counter; and the stock is trading below its 50 DMA.
Power Grid Corporation of India Ltd Q2FY17 results:
Bloomberg estimates were higher than Power Grid Corporation of India Ltd’s actual Q2FY17 numbers. Revenue stands 1.1% above the estimated Rs 6186 cr. Company’s EBITDA has come in greater by 50.2% from the estimated figure of Rs 3730 cr. Net profit is greater by 3.7% from the estimate of Rs 1805 cr.
Net revenue for the quarter stands at Rs 6255 cr, which has surged by 28.5% from the same quarter of last year. This was triggered by 29% yoy upsurge in revenues from Transmission segment.
Power Grid's EBITDA has surged by 41.3% yoy to Rs 5603 cr and EBITDA margins have improved by 810 bps yoy to 89.6%.
The company's net profit has surged by 67.4% yoy to Rs 1872 cr.
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