Power Grid Corporation of India Ltd Share Price – NSE  /  BSE

Power Generation & Distribution, Mid Cap

Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year.

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.

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Net profit of Power Grid Corporation of India rose 3.52% to Rs 3723.92 crore in the quarter ended June 2024 as against Rs 3597.16 crore during the previous quarter ended June 2023. Sales declined 0.38% to Rs 11006.18 crore in the quarter ended June 2024 as against Rs 11048.13 crore during the previous quarter ended June 2023.

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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.

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Power Grid Corporation of India (POWERGRID) announced that S&P Global Ratings, vide its communication dated July 23, 2024, revised stand-alone credit profile (SACP) of POWERGRID upward to 'bbb+' from 'bbb'.

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.

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