Power Grid Corporation of India is expected to report a 20.1 percent growth (year-on-year) in profit at Rs 1,251 crore for October-December quarter, according to a CNBC-TV18 poll.
Total income of the state-run electric utility company may increase 18.2 percent to Rs 4,353 crore in December quarter from Rs 3,685 crore in same quarter last fiscal.
Operating profit (EBITDA) may jump 21 percent year-on-year to Rs 3,759 crore and margin may expand 200 basis points to 86.3 percent in the quarter gone by.
Analysts are factoring in a positive surprise on the earnings, aided by aggressive capitalisation of Rs 9,600 crore in April-September period of FY15. Company may continue to deliver strong earnings on strong execution and strong commissioning of assets during the last one year.
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