Power Grid is expected to post net profit at Rs 1,346 crore in the quarter ended March 2015, up 14.5 percent from Rs 1,176 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, total income is likely to rise 20 percent at Rs 4,796 crore compared to Rs 3,986 crore on a yearly basis. The company will announce its Q4 results on May 28.
During the period, its EBITDA is seen up 21.9 percent at Rs 4,125 crore versus Rs 3,383 crore while operating profit margins may be up 110 basis points (bps) at 86 percent against 84.9 percent year-on-year.
Analysts polled by CNBC-TV18 say strong commissioning and capitalisation may drive earnings this quarter. Capitalisation is seen at Rs 6,500 crore given robust capex in the last 2-3 years. The nine-month capitalisation aggressive was at Rs 16,700 crore. However, weakness in telecom, consultancy business may continue.
Key issues to watch for are future outlook on pipeline capex, commissioning and capitalisation/capex guidance for FY16.
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