Power Grid Q1 results today: 5 things to track
Power Grid Corporation of IndiaNSE -1.61 % may report a double-digit rise in bottomline as well topline on Friday for the quarter ended June 30. Brokerage firm Kotak Institutional Equities sees a 27.10 per cent year-on-year (YoY) rise in net profit for Power Grid on 13.60 per cent on increase in net sales.
Revenue growth of the company will be aided by an aggressive capitalisation of Rs 19,200 crore in trailing 12 months.
Kotak believes that Power Grid’s EBIDTA could increase by 15.40 per cent YoY in Q1FY20. “We factor asset capitalisation of Rs 3,700 crore in Q1FY20 compared to Rs 6400 crore of asset capitalisation in 4QFY19,” the brokerage house said.
