State-owned electric utility Power Grid Corporation of India
has reported higher than expected numbers on every count in the July-September
quarter of current financial year. Net profit rose by 58.8 percent year-on-year
to Rs 1,126 crore in the quarter, partly helped by a foreign exchange gain of
Rs 105 crore.
Total income grew by 36.3 percent Yoyo to Rs 3,086 crore
during the same period.
Analysts on an average had expected net profit of Rs 938
crore on total income of Rs 3,037 crore for the quarter.
Revenues from its transmission segment increased 37.3
percent to Rs 3,040.29 crore from Rs 2,214.65 crore in the same period.
Consultancy business revenues declined to Rs 67.75 crore
from Rs 72.77 crore while telecom revenues moved up by 20 percent Yoyo to Rs
61.14 crore in Q2FY13.
Earnings before interest, tax, depreciation and amortization
(EBITDA) went up by 40.6 percent to Rs 2,669 crore in the second quarter of
FY13 from Rs 1,898 crore in the corresponding quarter of last fiscal.
EBITDA margin grew by 270 basis points to 86.5 percent in
the three months period ended September 2012.
Shares gained 3.2 percent to Rs 117.70 on the Bombay Stock
Exchange in early trade.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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