Power Grid Q2 Review - Capex, Capitalisation Guidance Maintained: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Power Grid Corporation of India Ltd. reported a revenue growth of 9.6% YoY (in line with our/consensus estimate) led by healthy commissioning during the quarter. Adjusted profit after tax was up by 7% YoY (down 1.3% versus our estimate). Power Grid has done a capex of Rs 21 billion, and capitalisation of Rs 91 billion in H1 FY22. Management has maintained capitalisation/ capex target at ~Rs 150 billion plus/ Rs 75 billion for FY22E. Power Grid has bright business prospects led by significant improvement in pipeline from Rs 103 billion in Q1 FY22 to Rs 265 billion currently, mainly driven by inter-state transmission projects, expected to be booked over the next six to twelve months. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Power Grid Q2 Review - Capex, Capitalisation Guidance Maintained: Dolat Capital

Power Grid Q2 Review - Capex, Capitalisation Guidance Maintained: Dolat Capital

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