Power Grid Q3 Review - Underlying Transmission Numbers Strong: Motilal Oswal
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.
Motilal Oswal Report
Power Grid Corporation of India Ltd.’s result highlights strong underlying numbers for its transmission segment - implying approximately 18% YoY growth.
Reported standalone profit after tax was further aided by higher other income, resulting in a 24% YoY rise.
The company has won Rs 90-100 billion of awards in Q3, which is a positive, given a declining order book.
Valuations at 1.5 times FY22E price/book value and ~7% FY22E dividend yield remain attractive for a company with steady return on equities of ~17%.
Click on the attachment to read the full report:
This 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.