Power Grid Corporation Q1 PAT seen at Rs 965 cr

MUMBAI: Power Grid Corporation is slated to report quarterly earnings tomorrow. The company’s Q1FY13 net profit is seen at Rs 965 crore, up 37 per cent, against a net profit of Rs 705.3 crore in the same period a year ago, says an ET Now Poll.

Sales for the quarter ended June 2012 are expected to be at Rs 3,050 crore, up 38.5 per cent, against Rs 2,202.5 cr in the corresponding quarter a year ago.

Q1FY13 margins are seen at 84.4 per cent against 83.8 per cent in the same period last fical.

Factors to watch:

The company is expected to capitalize projects worth Rs 4,000 cr in Q1 Income from consultancy, telecom business to drive margins Management guidance on order disbursement, capex plans important Management commentary on funding of future projects via equity to be monitored