What to expect from Power Grid in Q1 earnings

Most analysts are overweight on the Power Grid stock on high visibility in capex plan, estimates of strong earnings of around 17 percent till FY15.

August 01, 2013 / 22:54 IST

26 Aug, 2025 12:21

Volume

Todays L/H

State-run Power Grid is likely to report 24 percent year-on-year jump in profit to Rs 1079 crore during June quarter on higher volumes. Total income is also expected to go up 20.6 percent to Rs 3484 core, states CNBC-TV18 poll. Analysts also expect operating margins to rise around 70 bps to 86 percent.

Profitability will be boosted on commissioning assets of around Rs 17200 crore in last four quarters .Most analysts are overweight on the stock on high visibility in capex plan, estimates of strong earnings of around 17 percent till FY15. It regulatory business model under the 12th plan and improving return ratios are key drivers of positive investment case, states Barclays.

However, company stock has been under pressure due to expectation of equity issuance, despite management denying the idea and instead favoring lower equity infusion in projects.

Read This: Ashok Leyland, Power Grid, Hind Zinc top sells: Tata MF

first published: Aug 1, 2013 12:40 pm

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