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Power Grid Q1 PAT seen up 53.5% YoY to Rs. 3,038.1 cr: ICICI Direct

Net Sales are expected to increase by 10 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs. 9,886.9 crore, according to ICICI Direct.

July 13, 2021 / 01:45 PM IST
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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Capital Goods and Power sector. The brokerage house expects Power Grid to report net profit at Rs. 3,038.1 crore up 53.5% year-on-year (down 13.6% quarter-on-quarter).

Net Sales are expected to increase by 10 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs. 9,886.9 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.8 percent Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 8,651.1 crore.

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