Power Grid Corporation of India - Q2 FY14 Result First Cut - Microsec

Power Grid Corporation of India Ltd. came out with its quarterly result on 23rd October 2013.

The revenue grew by 30% YoY & 12% QoQ at Rs3999 crs. EBITDA of the company increased by 27% & 11% YoY & QoQ at Rs.3389 crs which was suppressed by higher expenditure in the current quarter. The EBITDA margin was at 85% in the current quarter, down by 120bps & 177bps QoQ & YoY. PAT increased by 10% & 19% YoY & QoQ at Rs.1239 crs which is above the estimates but still beaten by higher interest expenses, depreciation charges & tax amount in the current quarter. PAT margin was 31% for the current quarter, up by 176bps QoQ but down by 550bps YoY.

On half yearly scale, the company's top line, EBITDA & bottom line increased by 27% at Rs.7559 crs, 26% at Rs.6448 crs & 14% at Rs.2280 crs respectively. EBITDA margin was at 85.29% down by 65bps & PAT margin at 30.15% down by 326bps YoY. During the quarter, the company has declared a final dividend of Rs.1.14 per share (of Rs.10 each) for FY13 in addition to an interim dividend of Rs.1.61 per share totaling to Rs.2.75 per share.

Source : Equity Bulls

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