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Profit before tax (PBT) increased 2.22% YoY to Rs 4,665.54 crore in Q1 FY25.
Total expenses fell marginally 0.68% to Rs 6643.07 crore in Q1 FY25 as comapred with Rs 6688.51 crore in Q1 FY24. Employee expenses stood at Rs 617.36 crore (up 2.8% YoY), finance cost was at Rs 2038.97 crore (up 0.89%YoY) during the period under review.
Revenue from transmission business was at Rs 10,727.97 crore in Q1 FY25 from Rs 10,829.67 crore in Q1 FY24.
Revenue from consultancy business stood at Rs 184.21 in Q1 FY25, up 45.34% as compared with Rs 126.74 crore in Q1 FY24 while revenue from telecom business jumped 15.86% YoY to Rs 245.84 crore in Q1 FY25.
Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under Ministry of Power, GoI. As of 30 June 2024, the Government of India owned a 51.34% stake in the company.
The scrip rose 1.50% to end at Rs 344.30 on Friday, 26 July 2024.
Power Grid Corporation of India Ltd gained for a third straight session today. The stock is quoting at Rs 344.85, up 1.59% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.27% on the day, quoting at 24715.05. The Sensex is at 80979.62, up 1.17%. Power Grid Corporation of India Ltd has risen around 4.01% in last one month.
Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has risen around 4.45% in last one month and is currently quoting at 42770.3, up 0.96% on the day. The volume in the stock stood at 52.75 lakh shares today, compared to the daily average of 128.61 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 343.3, up 1.46% on the day. Power Grid Corporation of India Ltd is up 83.4% in last one year as compared to a 25.71% spurt in NIFTY and a 65.47% spurt in the Nifty Energy index.
The PE of the stock is 20.52 based on TTM earnings ending March 24.
Further, S&P Global Ratings affirmed its 'BBB-' long-term issuer credit rating and 'BBB-' issue rating on POWERGRID. The ratings are capped by that on the Indian sovereign (BBB-/Positive/A-3). The Positive Rating outlook on POWERGRID reflects the outlook on the sovereign rating on India.
The order involves supply, installation, testing, commissioning and maintenance of SCADA/EMS control centres. The order is worth Rs 490 crore (plus GST 18%). The completion of supplies, erection & commissioning will be by January 2026.
GE T&D India is a leading player in the power transmission and distribution business. The company provides solutions for connecting and evacuating power from generations sources onto the grid.
Power Grid Corporation of India (PGCIL), a Public Sector Undertaking is India's principal electric power transmission company. The company is engaged in implementation, operation and maintenance of inter-state transmission system (ists), telecom and consultancy services.
GE T&D India hit an all time high of Rs 1,753.95 in today's intra-day session.