Moneycontrol
Jul 20, 2017 07:38 PM IST | Source: Moneycontrol.com

Power Grid Corp Q1 PAT seen up 21.9% YoY to Rs 2196.9 cr: ICICI

Net Sales are expected to increase by 12 percent Q-o-Q (up 22.9 percent Y-o-Y) to Rs 7519 crore, according to ICICI. Power Grid Corp to report net profit at 2196.9 crore up 21.9% year-on-year.

 
 
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ICICI has come out with its first quarter (April-June) earnings estimates for the Power sector. The brokerage house expects Power Grid Corp to report net profit at 2196.9 crore up 21.9% year-on-year (15.1% quarter-on-quarter).


Net Sales are expected to increase by 12 percent Q-o-Q (up 22.9 percent Y-o-Y) to Rs 7519 crore, according to ICICI.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13.4 percent Q-o-Q (up 16.3 percent Y-o-Y) to Rs 6466.3 crore.


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