Power Grid Corp. Q2 PAT seen up 13.1% YoY to Rs. 2,611.8 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Capital Goods & Power sector. The brokerage house expects Power Grid Corp. to report net profit at Rs. 2,611.8 crore up 13.1% year-on-year (up 7.6% quarter-on-quarter).

Net Sales are expected to increase by 9.9 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 9,102.7 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.2 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 7,964.9 crore.

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