[nilesh]

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Hi buddy here I am looking for Power Grid Corporation of India q2 Results info so would you plz let me know about the same , so that I could take decision to do invest my money in its share ??

[vikash]

Power Grid Corporation of India Limited is an Indian state-owned electric utilities company headquartered in Gurgaon, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network.

As you asking I am telling Power Grid Corporation's Q2FY18 standalone results for the quarter were largely in-line with consensus estimates. Revenue for the quarter came in line with the estimated figure of Rs. 7355 crore. EBITDA for the quarter came in 3.7% higher than the estimated figure of Rs. 6246 crore. And lastly, net profit for the quarter also came in line with the estimated figure of Rs. 2140.2 crore.

Power Grid Corporation standalone revenue for the quarter came in at Rs. 7253 crore, registering 16% yoy increase. This was primarily driven by ~15.8% yoy increase in the revenue from transmission segment.

EBITDA for the quarter rose by 15.5% yoy to Rs. 6475 crore with a corresponding margin contraction of 32 bps. EBITDA margin for the quarter stood at 89.3%.

The PAT for the quarter came in at Rs. 2141 crore, yoy increase of 14.4%.

Company profile:
Type Government-owned corporation

Traded as NSE: POWERGRID

BSE: 532898

Industry Electric utility

Founded 23 October 1989

Headquarters Gurgaon, Haryana, India

Area served India

Key people Shri IS Jha (Chairman and MD)

Products transmission and distribution; energy trading

Revenue 262.02 billion (US$4.1 billion)(2016–17)

Net income 75.00 billion (US$1.2 billion)(2016–17)

Total assets 1,946.79 billion (US$31 billion)(2017)

Total equity 1,067.24 billion (US$17 billion)(2017)

Number of employees 10,000 (2012)