Power Grid Corporation Of India declared their Q2 FY24 results on 07 Nov, 2023. The topline increased by 1.04% & the profit increased by 6.93% YoY. As compared to the previous quarter the revenue grew by 1.98% and the profit decreased by 0.03%.
The Selling, general & administrative expenses declined by 3.11% q-o-q & decreased by 11.51% Y-o-Y.
The operating income was up by 3.34% q-o-q & increased by 8.56% Y-o-Y.
The EPS is ₹4.06 for Q2 FY24 which increased by 3.51% Y-o-Y.
Power Grid Corporation Of India has delivered 3.01% return in the last 1 week, 11.45% return in last 6 months and 29.15% YTD return.
Currently the Power Grid Corporation Of India has a market cap of ₹192522.5 Cr and 52wk high/low of ₹209.6 & ₹153.19 respectively.
As of 09 Nov, 2023 out of 16 analysts covering the company, 3 analysts have given Sell rating, 3 analysts have given Hold rating, 5 analysts have given Buy rating & 5 analysts have given Strong Buy rating.
The consensus recommendation as on 09 Nov, 2023 was to Buy.
The company has also declared interim dividend of ₹4.0. The record date for the dividend is 16 Nov, 2023 & the ex-dividend date will be 16 Nov, 2023.
Power Grid Corporation Of India Financials
Period | Q2 FY24 | Q1 FY24 | Q-o-Q Growth | Q2 FY23 | Y-o-Y Growth |
---|---|---|---|---|---|
Total Revenue | 11267.07 | 11048.13 | +1.98% | 11150.57 | +1.04% |
Selling/ General/ Admin Expenses Total | 581.87 | 600.54 | -3.11% | 657.59 | -11.51% |
Depreciation/ Amortization | 3277.04 | 3265.75 | +0.35% | 3317.31 | -1.21% |
Total Operating Expense | 4635.74 | 4631.28 | +0.1% | 5042.03 | -8.06% |
Operating Income | 6631.33 | 6416.85 | +3.34% | 6108.54 | +8.56% |
Net Income Before Taxes | 4515.15 | 4564 | -1.07% | 4095.67 | +10.24% |
Net Income | 3941.49 | 3942.86 | -0.03% | 3686.11 | +6.93% |
Diluted Normalized EPS | 4.06 | 3.87 | +4.91% | 3.92 | +3.51% |
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