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Power Grid Q3 PAT seen up 22% at Rs 722 cr
Power Grid Corporation, the central transmission utility of the country, is likely to report a profit after tax of Rs 722 crore in the October-December quarter of FY12, a growth of 22% as compared to Rs 591 crore in a year ago quarter.
Power Grid Corporation , the central transmission utility of the country, is likely to report a profit after tax of Rs 722 crore in the October-December quarter of FY12, a growth of 22% as compared to Rs 591 crore in a year ago quarter.
Total income is seen going up by 19% to Rs 2,449 crore from Rs 2,052 crore year-on-year. EBITDA too is seen increasing 20% to Rs 2,081 crore from Rs 1,727 crore during the same period.
Operating profit margin is expected to be at 84.98% in the third quarter of FY12 versus 84.18% in the corresponding quarter of last fiscal.
Highlights
- Commissioning of new projects to aid in revenue growth
- Increase in working capital cycle on account of increasing receivables to be monitored
- Total projects under construction currently stand at Rs 83,900 crore versus Rs 81,500 crore in FY11 * Company's order awards have picked up recently vis-à-vis last year * Company has awarded Rs 5000 crore worth of orders in October-November FY12 versus Rs 600 crore last year * At YTDFY12, company has awarded Rs 9000 crore versus Rs 2400 crore last year
Key factors to watch for -
- New asset commissioning
- Variation in capex target versus achievement
Capitalization Guidance for FY12
- The management had guided for capitalization of Rs 10,000 crore in FY12
* In H1FY12, company' fixed asset capitalization stood at Rs 4100 crore
