POWER GRID CORPORATION OF INDIA LIMITED
NSE Symbol POWERGRID
Q1 FY2011 RESULTS
COMPARISON
Power grid Corporation of India has performed well in the first quarter.
Net Sales has increased by 23.2% to Rs.1999 Cr from Q1 FY2010 (Rs.1623 Cr) – and proportionately by 12.2% from FY2010 (Rs.7127 Cr).
Profit from Operations has increased by 35% to Rs.1167 Cr from Q1 FY2010 (Rs.864 Cr) – and proportionately by 23% from FY2010 (Rs.3793 Cr).
Net Profit has increased by 28.6% to Rs. 703 Cr – from Q1 FY2010 (Rs.547 Cr) - and proportionately by 37.8% from FY2010 (Rs.2041 Cr).
Basic EPS is Rs.1.67 compared to Rs.1.3 in Q1 FY2010 – and compared to Rs.4.85 in FY2010. At this rate, annual EPS for current year could be Rs.7 or above.
At current price of Rs.100, the PE Ratio works out to 14.3.
POWER GRID has excellent Growth Plans for future - and is likely to post better results with completion of each commissioning program. It is a good investment for medium to long term Investors.
RESULTS IN FIGURES :
Jun-10 | Jun-09 | Dif%1 | Dif%2 | ||
Net Sales | 199912 | 162303 | 23.2 | 712745 | 12.2 |
Employees Cost | 19985 | 19599 | 2 | 72670 | 10 |
Depreciation | 50239 | 46701 | 7.6 | 197969 | 1.5 |
Other Expen | 13006 | 9571 | 35.9 | 62763 | -17.1 |
Total Expen | 83230 | 75871 | 9.7 | 333402 | -0.1 |
Profit.Operations | 116682 | 86432 | 35 | 379343 | 23 |
Other Income | 15057 | 19929 | -24.4 | 37613 | 60.1 |
P B I&EI | 131739 | 106361 | 23.9 | 416956 | 26.4 |
Interest | 39183 | 38338 | 2.2 | 154324 | 1.6 |
P A I B B EI | 92556 | 68023 | 36.1 | 262632 | 41 |
P B T | 92556 | 68023 | 36.1 | 262632 | 41 |
Tax expense | 22238 | 13362 | 66.4 | 58538 | 52 |
NPT after tax | 70318 | 54661 | 28.6 | 204094 | 37.8 |
Net Profit | 70318 | 54661 | 28.6 | 204094 | 37.8 |
Dividend (%) | - | - | 15 | ||
Face Value.Rs | 10 | 10 | 0 | 10 | |
Paid Up Equity | 420884 | 420884 | 0 | 420884 | |
Reserves | - | - | 1173306 | ||
Basic EPS | 1.67 | 1.3 | 28.5 | 4.85 | 37.7 |
Public holding% | 13.64 | 13.64 | 0 | 13.64 |
ANNOUNCEMENTS
TO THE EXCHANGE
06-08-2010 Power Grid Corporation of India Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 183716 lacs for quarter ending on 30-JUN-2010 against Rs. 162303 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 70318 lacs for the quarter ending on 30-JUN-2010 against Rs. 54661 lacs for the quarter ending on 30-JUN-2009. -
02-07-2010 Power Grid Corporation Of India Limited has informed the Exchange that the Board of Directors of POWERGRID during their meeting held on July 02, 2010 have approved the Follow on Public Offer (FPO) of 20% of existing paid up share capital comprising fresh issue of 10% of existing paid up share capital and Offer for Sale (Disinvestment) of 10% of existing paid up share capital by Government of India subject to approval of the Cabinet Committee on Economic Affairs (CCEA). -
26-05-2010 Power Grid Corporation Of India Limited has informed the Exchange that the Board of Directors during their meeting held on May 25, 2010, have approved the following investment approval for "Transmission System for Transfer of Power from Generation Projects in Sikkim to NR/WR-Part A" at an estimated cost of Rs. 250.03 Crore, with commissioning schedule of within 32 months from the date of investment approval.
26-05-2010 Power Grid Corporation Of India Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 25, 2010 have approved the following: (1) Final Dividend declared - 10% of Share Capital i.e., Re. 1.00 per share of Rs. 10/- each. This is in addition to interim dividend of 5% of Share Capital i.e. Re. 0.50 per share. -
25-05-2010 Power Grid Corporation of India Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 712745 lacs for year ending on 31-MAR-2010 against Rs. 667585 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 204094 lacs for the year ending on 31-MAR-2010 against Rs. 169061 lacs for the year ending on 31-MAR-2009.
19-04-2010 Power Grid Corporation Of India Limited has informed the Exchange that "The Board of Directors of POWERGRID during their meeting held on 15.04.2010 have approved the Investment approval for "Transmission System for Development of Pooling Station in Northern Part of West Bengal and Transfer of Power from Bhutan to NR/WR" at an estimated cost of Rs.4,404.57 Crore, with commissioning schedule of 57 months tentatively from the date of investment approval, subject to CERC concurrence such that additional Return on Equity @ 0.5% is admissible".
01-04-2010 Power Grid Corporation Of India Limited has informed the Exchange that the following resolution is circulated for approval of the members of the company to be accorded by Postal Ballot in accordance with the provision of Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001: Enhancement of borrowing limits from Rs. 50,000 crore to 80,000 crore.
25-03-2010 Power Grid Corporation Of India Limited has informed the Exchange that the Board of Directors of the Company during their meeting held on March 16, 2010 have approved the Investment approval for "Fibre Optic Communication System in lieu of existing ULDC Microwave links in Northern Region" at an estimated cost of Rs. 161.31 Crore, with commissioning schedule of within 30 months from the date of investment approval matching with Department of Telecommunications (DoT) requirement.
17-03-2010 Power Grid Corporation Of India Limited has informed the Exchange that the Board of Directors of POWERGRID during their meeting held on March 16, 2010 have approved the following: (1) Investment approval for "Northern Regional Transmission Strengthening Scheme" at an estimated cost of Rs. 965.58 Crore, with commissioning schedule of within 32 months from the date of investment approval, (2) Investment approval for "Transmission System associated with Kalpakkam PFBR (500 MW)" at an estimated cost of Rs. 138.58 Crore, with commissioning schedule of within 24 months from the date of investment approval, (3) Investment approval for "Transmission System of Vindhyachal-IV (1000 MW) and Rihand-III (1000 MW) Generation Projects" at an estimated cost of Rs. 4672.99 Crore, with commissioning schedule of within 32 months from the date of investment approval.
25-02-2010 Power Grid Corporation Of India Limited has informed the Exchange that the Board of Directors of POWERGRID during their meeting held on February 25, 2010 have approved the following investment approvals: 1) Investment approval for System Strengthening in Southern Region-XII at an estimated cost of Rs.232.34 Crore, with commissioning schedule of within 28 months from the date of investment approval. 2) Investment approval for Mauda Transmission System at an estimated cost of Rs. 469.38 Crore, with commissioning schedule of within 32 months from the date of investment approval. 3) Investment approval for Transmission System associated with Pallatana Gas Based Power Project and Bongaigaon Thermal Power Station (TPS) at an estimated cost of Rs.2144.00 Crore, with commissioning schedule of within 34 months progressively from the date of investment approval.
27-01-2010 Power Grid Corporation Of India Limited has informed the Exchange that "The POWERGRID Board of Directors in their meeting held on 25.01.2010 have accorded: (a) approval to investment approval for 'Immediate evacuation System for Nabinagar TPS' (1000 MW) at an estimated cost of Rs.215.86 crore, with commissioning schedule of within 28 months from the date of investment approval, and (b) In Principle approval to 'Follow on Public Offer' (FPO) of equity shares of 10% of paid up capital from domestic/external market for augmenting resources of Company to fund its investment programme. This will be subject to approval by Government of India and approvals as required for FPO".
* * * E N D * * *
No comments:
Post a Comment