Power Grid Corp.'s consolidated net profit rose 3.5% in the first quarter of fiscal 2025, meeting analysts' estimates.
The state-run power transmission major's profit increased to Rs 3,724 crore, in comparison to Rs 3,597 crore in the year-ago period, according to an exchange filing on Friday. Analysts tracked by Bloomberg had set a consensus estimate of Rs 3,893.3 crore.
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Power Grid Q1 FY25 Highlights (Consolidated, YoY)
Revenue fell 0.4% to Rs 11,006 crore versus Rs 11,048 crore (Bloomberg estimate: Rs 11,778 crore).
Ebitda decreased 0.8% to Rs 9,602 crore versus Rs 9,683 (Estimate: Rs 10,183 crore).
Margin at 87.2% versus 87.6% (Estimate: 86.5%).
Net profit rose 3.5% to Rs 3,724 crore versus Rs 3,597 crore (Estimate: Rs 3,893.3 crore).
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