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India’s overall power generation declined 2% year-on-year in Q1FY26, mainly due to lower output from conventional sources.
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Power Grid reported a slight 0.6 percent decline in net profit at Rs 4,143 crore for the January-March FY25 period.
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The poll on earnings estimates based on four brokerages said the government-owned company is expected to report a 4.5 percent on-year profit growth at Rs 4,313 crore due to steady demand for power transmission.
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Power Grid Q3 net profit falls to ₹3,862 crore; declares dividend. Castrol India reports 12% rise in profit for Dec quarter on steady demand. The company has received approval for the reclassification of Vijal Holding and Trading Company. The company has received an order from the Maharashtra GST Authority imposing a penalty of Rs 3.55 crore. Watch for more-
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The poor financial performance in Q2FY25 was caused by one-off issues. The strong capex plan, huge orders in hand, and a robust pipeline of T&D projects signal brighter days ahead
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Power Grid, REC, PFC and NTPC all bagged bullish ratings from the brokerage.
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Tata Steel Q2 beats earnings estimates. Power Grid earninhd miss estimatez, . Apollo Hospital enterprise Q
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Power Grid is expected to see its net profit for the quarter remain flat, gaining around 0.6 percent YoY to Rs 3,749 crore.
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Both projects are located in Gujarat.
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All successful investment involves trying to get into something where it’s worth more than you’re paying - Charlie Munger
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Goldman Sachs highlighted that Power Grid benefits from a structural funding advantage and consistent core regulated earnings.
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Power Grid Corporation shares after Jefferies gained issued a 'buy' call with a target price of Rs 390, citing strong future growth prospects backed by a robust bid pipeline and maintained FY25 capex guidance.
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While the stock has performed quite well in the recent past, it is still a good candidate to ride the growth in domestic capex.
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The Offer For Sale has a base offer of 9.66 percent stake with an oversubscription option of 7.66 percent, it is learnt.
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In today's edition of Moneycontrol Pro Panorama: Smaller banks likely to have a good Q1FY25, changing landscape in cement industry, diamond industry losing its shine, UP byelections a litmus test for Yogi, and more
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As of now, India has been actively involved in several interconnection projects for power with its neighboring countries such as Nepal, Bhutan, Sri Lanka, Myanmar and Bangladesh.
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Power Grid Q1: According to Bloomberg estimates, Power Grid was expected to report around 8.4 percent year-on-year (YoY) increase in revenue at Rs 11,978 crore in Q1FY25 over Rs 11,048.1 crore in Q1FY24
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Net profit is also expected to grow to Rs 4,028.2 crore in the quarter ending June 2024 from Rs 3,382.8 crore in the quarter ending June 2023.
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Investors seem to have shrugged off intiitial concerns over the lower-than-expected majority garnered by the BJP in Lok Sabha polls. However, even with a coalition government at the helm, investors remain confident of seeing a continuity in policy.
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Valuations attractive for both and there is greater earnings viability
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With most exit polls forecasting a landslide victory for the BJP-led NDA, indicating over 350 seats for the coalition, the markets also turned buoyant in hopes of the Street's 'bull case' election scenario turning into a reality.
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Analysts had anticipated that Power Grid is likely to post muted Q4 results, with revenue and profits falling from a high base year ago.
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Many brokerages are optimistic about Power Grid due to transmission opportunities, though Nuvama highlights risks such as a slower order book and increased competition from competitive bidding.
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Post the sale, Power Grid will hold around 50% equity in NHPTL
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Power Grid’s improved operating performance and the company’s strategy to aggressively deploy growth capital, following a revival in the domestic T&D capex cycle, are among the factors that make it an attractive bet
