- Power Grid’s net income for the third quarter was 38.94 billion rupees, which was a 1.9% decrease compared to the previous year.
- The net income came in below analyst estimates of 40.29 billion rupees.
- The company reported revenue of 101.2 billion rupees, reflecting a 5.2% decline year-over-year.
- Revenue also missed the estimated figure of 114.48 billion rupees.
- Total costs for the quarter amounted to 67.99 billion rupees, seeing a 2.2% reduction from the previous year.
- Other income saw a significant increase of 88%, totaling 14.89 billion rupees.
- Power Grid declared a dividend per share of 3.25 rupees.
- An investment was approved for the implementation of LILO of both circuits of the 400kV Vindhyachal PS – Sasan D/C Line at Hindalco Switchyard, costing 3.7 billion rupees.
- Stock recommendations for Power Grid include 14 buys, 2 holds, and 6 sells.
- The comparisons made are based on the company’s original disclosures.
A look at Power Grid Corporation Of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| 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
In assessing the long-term outlook for Power Grid Corporation Of India, an investment analyst turned to Smartkarma Smart Scores for guidance. With a solid score of 5 in the Dividend category, it indicates a strong commitment to rewarding shareholders with consistent dividend payments. Additionally, the company received a respectable score of 3 in both the Value and Growth categories, suggesting a balanced performance in terms of its valuation and growth potential. Despite a slightly lower score of 2 in Resilience, Power Grid Corporation Of India‘s robust score of 3 in Momentum signifies positive market momentum and investor interest in the company’s future prospects.
Power Grid Corporation Of India Limited, established by the Government of India as the central transmission utility, holds a pivotal role in managing EHV AC & HVDC transmission lines, sub-stations, load dispatch centers, and communication facilities across India. With a promising mix of strong dividends, value, and growth prospects, investors may find Power Grid Corporation Of India an attractive long-term investment option in the energy sector.
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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