Energy Grid Company, a Maharatna Central Public Sector Enterprise (CPSU) and the biggest electrical energy transmission firm, reported a weaker-than-expected efficiency for the second quarter of economic 12 months 2025 (Q2 FY25) on Wednesday, November 6.
The corporate posted a consolidated income of ₹11,277 crore for Q2 FY25, marking a marginal enhance of 0.1% in comparison with ₹11,267 crore posted in the identical interval final 12 months. Income from the transmission phase, which constitutes 99% of the corporate’s complete income, stood at ₹11,197 crore, up from ₹10,991 crore in Q2 FY24.
The working revenue for the quarter stood at ₹9,701 crore as in comparison with ₹9710 crore in Q2 FY24. The EBITDA margin got here in at 86%, barely beneath Avenue expectations of 87.4%. The corporate had posted an EBITDA margin of 87% within the June quarter.
Finance prices for the quarter elevated by 20%, rising to ₹2,441 crore from ₹2,038 crore in Q1 FY25. In the meantime, consolidated web revenue in Q2 FY25 stood at ₹3,793 crore, reflecting a modest 0.3% enhance from ₹3,781 crore posted in the identical interval final 12 months.
The corporate’s board of administrators accepted an interim dividend of ₹4.50 per fairness share of ₹10 every. “1st Interim Dividend might be paid to the Members on Wednesday, 4th December 2024. Additional, as intimated earlier, the file date for the aim of fee of dividend shall be Thursday, 14th November, 2024, the corporate stated in its regulatory submitting.
Inventory down 13% from current highs
The inventory has skilled revenue reserving in current months, resulting in a 13.11% decline to ₹318.45 from its current peak of ₹366.20 per share. Between Might 2020 and September 2024, the inventory noticed a outstanding one-way surge, posting a stellar 302% acquire.
Earlier in September, home brokerage agency Motilal Oswal initiated protection on the inventory with a ‘purchase’ score and set a goal value of ₹425. The brokerage highlighted India’s bold aim to develop its renewable vitality capability to 500 GW by 2030, together with the upcoming battery storage and pumped hydro tasks, and the nation’s aspirations to take part in international vitality initiatives like ‘One World, One Grid’ as key progress drivers for the corporate.
In April, international brokerage agency Goldman Sachs additionally initiated protection on the inventory with a goal value of ₹355 per share. It estimates that India’s energy transmission capital expenditure will exceed USD 500 billion by FY50, accounting for about 30% of the whole vitality transition capital outlay.
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