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Power Grid - Firstcut - Microsec Research
Posted On : 2012-07-25 19:53:55( TIMEZONE : IST )
Power Grid announced its Q1 FY13 results on 25th July 2012.
Power Grid has posted standalone net profit of Rs 870.11 Crore for the fourth quarter ended March 31, 2012 as compared to of Rs 705.29 Crore for the quarter ended March 31, 2011, representing an increase of 23.37%. Total income has increased from Rs 2202.49 Crore for the quarter ended March 31, 2011 to Rs 2888.25 Crore for the quarter ended March 31, 2012, representing an increase of 31.14%.
EBITDA Margin of the company increased from 82.63% to 85.33%, registering an improvement of 2.70%.
In April-May, company awarded orders worth Rs 1,500 crore, which was much higher compared to Rs 100 crore a year ago period. Company had awarded orders worth Rs 23,200 crore in financial year 2011-12, which was higher by 44% compared to Rs 16,100 crore in previous financial year. In 1QFY13, PGCIL board had accorded investment approval for projects worth Rs 3,500 crore as against Rs 1,900 crore in corresponding quarter of previous fiscal year.
