ReutersPower Grid Corporation of India key Products/Revenue Segments include Transmission Revenue, Other Operating Revenue, Consultancy Income and Income From Telecom for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 11530.22 Crore, up 1.59 % from last quarter Total Income of Rs 11349.44 Crore and up 7.52 % from last year same quarter Total Income of Rs 10723.61 Crore. Company has reported net profit after tax of Rs 3645.18 Crore in latest quarter.
The company’s top management includes Mr.K Sreekant, Mr.Dilip Nigam, Mr.K N Onkarappa, Mr.Ram Naresh Tiwari, Mr.Chetan Bansilal Kankariya, Mr.Ravisankar Ganesan, Mr.Abhay Choudhary, Mr.Vinod Kumar Singh, Mr.Ravindra Kumar Tyagi, Mr.Mohammad Afzal. Company has Umamaheswara Rao & Co. as its auditors. As on 31-12-2022, the company has a total of 698 Crore shares outstanding.
Investment Rationale
The brokerage expects Power Grid to grow at12% YoY with net sales at INR 119bn, and maintain EBITDA margin (88%).
Promoters held 51.34 per cent stake in the company as of 31-Dec-2022, while FIIs owned 32.76 per cent, DIIs 12.73 per cent.
Wednesday, 12 Apr, 2023- Front Page
- Pure Politics
- Disruption
- Economy & Companies
- More
- Bumper Apple Harvest: iPhone FY23 Exports Jump 4x to top $5b
Apple’s iPhone exports from India surged nearly four times on year to cross $5 billion (more than ₹40,000 crore) in FY23, as the suppliers of the Cupertino-based company ramped up local production of its premium devices amid a growing focus on making the country a manufacturing hub.
Vedanta Close to Bagging $1.5-2 b from FarallonUS hedge fund Farallon Capital Management is in advanced negotiations to provide $1.5-2 billion funding to Vedanta, said people with knowledge of the matter.
IMF Cuts India’s FY24 Growth Outlook to 5.9%The International Monetary Fund pared its forecast for India’s growth to 5.9% from 6.1% for the current fiscal year, while painting a bleak picture for the world economy battling tightening financing conditions even as the Russia-Ukraine war rages on and the pandemic lingers.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Get Unlimited Access to The Economic Times 
