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Power Grid: Steady Start to the Year - Views on News from Equitymaster
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Power Grid: Steady Start to the Year
Sep 29, 2016

Power Grid Corp (PGCIL) declared its results for the quarter ended June 2016. The company reported a robust revenue and profit growth of 31% YoY and 35% YoY respectively. Here is our analysis of the results.

Standalone financial performance
(Rs m) 1QFY16 1QFY17 Change
Transmission Income 45,125 58,382 29.4%
Consultancy Income 890 1,204 35.2%
Telecom Income 878 1,105 25.8%
Other Operating Income 5 508 9307.4%
Total Income from Operations 46,899 61,199 30.5%
Expenditure 5,553 7,002 26.1%
Operating profit (EBDITA) 41,345 54,196 31.1%
EBDITA margin (%) 91.6% 92.8%
Other income 1,025 1,394 36.0%
Depreciation 13,779 17,573 27.5%
Interest 11,416 15,178 32.9%
Other Comeprehensive Income -130 166
Profit before tax 17,046 23,006 35.0%
Tax 3,619 4,819 33.2%
Effective tax rate 21% 21%
Profit after tax/(loss) 13,427 18,187 35.5%
Net profit margin (%) 29.8% 31.2%
No. of shares (m) 5,231.6
Diluted earnings per share (Rs)* 12.3
Price to earnings ratio (x) 14.4

(*On a trailing 12-month basis)

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Aug 18, 2017 (Close)

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