Feb 12, 2013, 11.39 AM IST
Power Grid Corporation of India is set to declare its third quarter results on Tuesday. Analysts on an average expect profit after tax of the company to grow more than 25 percent year-on-year to Rs 1,015 crore in October-December quarter, according to CNBC-TV18 poll.
Net sales are seen going up nearly 28 percent to Rs 3,152 crore from Rs 2,467 crore during the same period.
According to analysts, commissioning will be on track and this should aid earnings. However, only negative surprise may come in because of prolonged monsoons. There are expectations of assets worth Rs 3,000 crore to be commissioned in the third quarter of FY13.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise nearly 29.7 percent YoY to Rs 2,727 crore in October-December quarter. Meanwhile, EBITDA margin is seen climbing higher by 130 basis points YoY to 86.5 percent in the quarter.
Most brokerages are overweight on the stock. Morgan Stanley says Power Grid is top pick in the utilities space because of its 45-50 percent share of the transmission business, visibility on earnings and 18 percent earnings CAGR over FY2012-15.
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