- Power Grid’s net income for the first quarter was 36.5 billion rupees, marking a 7% increase year-over-year but below the estimated 38.21 billion rupees.
- Revenue decreased by 1.4% year-over-year to 99.3 billion rupees, missing the estimate of 106.99 billion rupees.
- Total costs increased by 8% year-over-year to 70.84 billion rupees.
- Other income showed significant growth, rising 70% to 13.29 billion rupees.
- The consulting segment saw a robust revenue increase of 29%, reaching 1.98 billion rupees.
- The company approved raising up to 300 billion rupees through bonds during the 2026-27 financial year.
- The borrowing limit was raised to 250 billion rupees.
- Power Grid received in-principle approval to exit its joint venture with India Grid Trust in Parbati Koldam Transmission.
- The company plans to participate in up to two tariff-based competitive bidding (TBCB) projects with a total estimated project cost of around 5 billion rupees through a consortium with PGInvIT.
- An in-principle approval was granted for a joint venture with Nepal Electricity Authority to implement transmission interconnections.
- The company is winding up its joint venture with Rashtriya Ispat Nigam.
- Power Grid’s shares fell by 2%, ending at 287.15 rupees with 7.11 million shares traded.
- The company’s stock has 16 “buy” ratings, 2 “hold” ratings, and 6 “sell” ratings.
A look at Power Grid Corporation Of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Power Grid Corporation of India Limited, a central transmission utility established by the Government of India, has garnered a favorable long-term outlook based on the Smartkarma Smart Scores. With a strong Dividend score of 5 and a solid Value score of 3, investors can expect reliable returns and stability from this company. Despite slightly lower scores in Growth, Resilience, and Momentum, Power Grid Corporation of India showcases a steady and dependable performance in the transmission sector.
In summary, Power Grid Corporation of India stands out as a key player in the transmission segment, with a focus on EHV AC & HVDC transmission lines, sub-stations, load dispatch centers, and communications facilities across India. Investors can trust in the company’s robust dividend payouts and overall value proposition, making it a compelling choice for long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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