Power Grid Corporation of India Ltd's Q3FY25 Quarter Results
- 04 Feb 2025
Result Summary
- Power Grid Corporation of India Ltd reported a 0.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.6%.
- Its expenses for the quarter were down by 6.6% QoQ and 3.5% YoY.
- The net profit increased 1.8% QoQ and decreased 4.1% YoY.
- The earnings per share (EPS) of Power Grid Corporation of India Ltd stood at 4.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 11743.06 | 11845.93 | 11819.70 | -0.9% | -0.6% |
Total Expenses | 6828.65 | 7309.59 | 7076.49 | -6.6% | -3.5% |
Profit Before Tax | 4956.88 | 4782.11 | 4853.68 | 3.7% | 2.1% |
Tax | 1090.16 | 884.48 | 787.52 | 23.3% | 38.4% |
Profit After Tax | 3861.63 | 3793.02 | 4028.25 | 1.8% | -4.1% |
Earnings Per Share | 4.20 | 4.10 | 4.20 | 2.4% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Power Grid Corporation of India Ltd is a state-owned electric utility company in India. It is responsible for power transmission across the country. The company operates primarily in the power sector, focusing on building, maintaining, and operating the national and regional power grids. Power Grid plays a critical role in the transmission of electricity generated by power producers to various distribution utilities. The company also engages in consultancy services and operates telecom networks. There are no recent major developments available from the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Power Grid Corporation of India Ltd reported a total income of ₹11,743.06 crores. This represents a slight decline of 0.9% from the previous quarter (Q2FY25), where total income was ₹11,845.93 crores. Additionally, when compared to the same quarter of the previous year (Q3FY24), which saw a total income of ₹11,819.70 crores, there is a decrease of 0.6%. This indicates a relatively stable revenue stream with minor fluctuations over the periods assessed.
Profitability
The company's profitability has shown some positive movement in Q3FY25. The Profit Before Tax (PBT) is recorded at ₹4,956.88 crores, marking an increase of 3.7% from Q2FY25's ₹4,782.11 crores and a 2.1% rise from Q3FY24's ₹4,853.68 crores. Despite an increase in tax expenses to ₹1,090.16 crores in Q3FY25, which is 23.3% higher than Q2FY25 and 38.4% higher than Q3FY24, the Profit After Tax (PAT) still increased to ₹3,861.63 crores. This represents a quarter-over-quarter (QoQ) increase of 1.8%, although it is a year-over-year (YoY) decrease of 4.1% compared to ₹4,028.25 crores in Q3FY24. Earnings Per Share (EPS) remained stable at ₹4.20, showing a minor QoQ increase of 2.4% and no change YoY.
Operating Metrics
For the third quarter of FY25, the company's operations reflected an improved cost management strategy. Total expenses reduced by 6.6% from Q2FY25, down to ₹6,828.65 crores from ₹7,309.59 crores. Compared to Q3FY24, expenses decreased by 3.5% from ₹7,076.49 crores. This reduction in expenses has contributed to the growth in Profit Before Tax despite the decrease in total income. The decline in expenses suggests operational efficiencies were achieved during this period. The financial data indicates that Power Grid Corporation of India Ltd has managed to maintain its profitability amidst slight fluctuations in revenue and increased tax liabilities.
