- 23 May 2022
- ICICIdirect Research
POWER GRID REPORTS SUBDUED SET OF NUMBER FOR Q4FY22
POWERGRID - 298 Change: -4.80 (-1.59 %)News: Powergrid’s reported revenues for the quarter came in at Rs. 10221.2. Transmission revenues (90% of revenues) grew 2% YoY to Rs. 10003.2 crore. On the other hand, telecom and segment revenues came in at Rs. 173.9 crore and Rs. 259.4 crore respectively. The consolidated revenues (which includes revenues from TBCB projects) came in Rs.10686 crore, flat YoY. EBITDA came in at Rs. 8875.0 crore. Reported PAT came in at Rs. 4320.6 crore
Views: The company plans to foray into the smart metering infra business where it will invest in the smart meter asset development business as floated by the respective state utility. The company aspires to be across the value chain wherein the company will set up the required infra and manage the O&M business as well. The company plans to invest Rs. 10000-12000 crore over the next four years. On the other hand, it plans to foray into improving state T&D infra and plans to invest another Rs. 10000-12000 crore over the next four years
Impact: Neutral