Shares of state-run Power Grid Ltd. fell as much as 2% after its June quarter results announcement on Wednesday, July 30, which were a miss on street expectations.Net profit for the quarter increased by 7.1% from last year to ₹3,653 crore, which is lower than the CNBC-TV18 poll of ₹3,784 crore.
Revenue for the period stood at ₹9,928 crore, which is 1.4% lower than the same quarter last year and well below the CNBC-TV18 pol of ₹11,147 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹8,117 crore, which is 7.2% below the year-ago period. The CNBC-TV18 poll had pegged the figure at ₹9,605 crore.Margins narrowed to 81.76% from 86.85% last year. The CNBC-TV18 poll had projected margins to be at 86.2%.
Revenue for the period stood at ₹9,928 crore, which is 1.4% lower than the same quarter last year and well below the CNBC-TV18 pol of ₹11,147 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹8,117 crore, which is 7.2% below the year-ago period. The CNBC-TV18 poll had pegged the figure at ₹9,605 crore.Margins narrowed to 81.76% from 86.85% last year. The CNBC-TV18 poll had projected margins to be at 86.2%.
Revenue for the transmission segment remined flat from last year to ₹10,695 crore, while consultancy revenue increased to ₹405.9 crore from ₹184.2 crore.
Telecom business revenue increased by 18% year-on-year to ₹289.5 crore.
Shares of Power Grid recovered from the lows of the day, currently trading 1% lower at ₹290.05. The stock is down 6.5% so far in 2025.
