Power Grid Corporation of India saw its shares decline by 3% after reporting a weaker-than-expected performance in the third quarter of FY25. As of 9:17 AM, the shares were trading 3.08% lower at Rs 275.05.
The state-owned power transmission giant posted a consolidated net profit of ₹3,861.6 crore, marking a 4.13% decline from ₹4,028.5 crore in the same period last year. Analysts had projected a profit of ₹4,031 crore, making this a significant miss.
Revenue for the quarter dropped 2.75% year-on-year to ₹11,233 crore, falling short of Bloomberg’s estimate of ₹11,876 crore. The company’s EBITDA also declined 6.61% to ₹9,538 crore due to a substantial 51% surge in other expenses. Additionally, margins contracted to 84.91% from 88.42% in the previous year.
The company’s primary revenue source, the transmission segment, which contributes over 95% of total earnings, saw a 1.5% decline. The bottom line was further affected by a deferred tax expense of ₹208.6 crore, adding pressure on profitability.
Power Grid shares opened at ₹281.00, with a high of ₹282.75 and a low of ₹274.35. The stock’s 52-week high stands at ₹366.25, while the 52-week low is ₹257.65.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
