Power Grid Corp Q2 FY25 Results: ₹11,277 Crore Revenue And Modest Profit Growth

Power Grid Corporation, India’s largest electric power transmission company and a Maharatna Central Public Sector Undertaking (CPSU), reported weaker-than-expected results for Q2 FY25 on November 6. Despite a slight increase in revenue, profit and operating margins missed market expectations.

Revenue and Segment Performance

Power Grid’s consolidated revenue for Q2 FY25 was ₹11,277 crore, showing a minimal rise of 0.1% from ₹11,267 crore in Q2 FY24. The transmission segment, which accounts for 99% of the company’s revenue, generated ₹11,197 crore, up from ₹10,991 crore in the same quarter last year. Operating profit stood nearly flat at ₹9,701 crore, close to the previous year’s ₹9,710 crore.

Margins and Costs

The company’s EBITDA margin fell slightly to 86%, below the anticipated 87.4%. In comparison, it had reported an EBITDA margin of 87% in Q1 FY25. Finance costs rose significantly by 20% to ₹2,441 crore, up from ₹2,038 crore in the previous quarter.

Modest Net Profit Growth

Power Grid’s consolidated net profit for Q2 FY25 was ₹3,793 crore, a small increase of 0.3% from ₹3,781 crore in Q2 FY24.

Interim Dividend Declared

Power Grid’s board approved a first interim dividend of ₹4.50 per equity share of ₹10 each. This dividend will be distributed on December 4, 2024, with a record date set for November 14, 2024.

Stock Performance 

On November 7, 2024, Power Grid’’s share price opened at ₹319.00 and touched the day low of ₹313.25 at 10:32 AM.

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