Power Grid Transmission Segment Grows 1.46% to Rs10,053.23 Cr in Q1FY24
Power Grid Corporation's transmission revenue grew 1.46% to ₹10,053.23 crore in Q1FY24, while consultancy revenue increased to ₹153.26 crore, reflecting strong operational performance and diverse services.
by Damodharan N
Updated Jul 29, 2024
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Power Grid Corporation of India Limited (PGCIL), a leading public sector enterprise in India's power transmission sector, has reported a 1.46% growth in its transmission segment revenue for the first quarter of the fiscal year 2024 (Q1FY24). The revenue for this segment increased to ₹10,053.23 crore, up from ₹10,200.01 crore in the same period last year.
In addition to its transmission segment, PGCIL also reported revenue from its consultancy segment, which stood at ₹153.26 crore for Q1FY24. This segment had a revenue of ₹123.89 crore in the corresponding quarter of the previous year, reflecting the company's diversified service offerings and expertise.
This growth underscores PGCIL's robust operational performance and strategic initiatives to enhance its transmission capabilities across the country. The company continues to play a pivotal role in ensuring reliable and efficient power transmission, contributing significantly to India's energy sector.
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Power Grid Q1FY24 Results
Power Grid Corporation of India Limited (PGCIL), a major player in India's power transmission sector, has announced its financial results for the first quarter ended June 30, 2024 (Q1FY24).
Revenue and Income:
- The transmission segment revenue stood at ₹10,053.23 crore, slightly down from ₹11,082.19 crore in the previous quarter (Q4FY24).
- Consultancy segment revenue was ₹153.26 crore, compared to ₹205.20 crore in Q4FY24.
- Total revenue, including allocable other income, was ₹10,206.49 crore, down from ₹11,287.39 crore in Q4FY24.
- Other unallocated income amounted to ₹643.88 crore, compared to ₹966.33 crore in the previous quarter.
- Total income for Q1FY24 was ₹10,850.37 crore, down from ₹12,253.72 crore in Q4FY24.
Profit:
- Profit before interest and tax for the transmission segment was ₹5,732.66 crore, down from ₹6,005.81 crore in Q4FY24.
- Profit before interest and tax for the consultancy segment was ₹2.61 crore, down from ₹45.52 crore in Q4FY24.
- Total profit before interest and tax was ₹5,735.27 crore, down from ₹6,051.33 crore in Q4FY24.
- Profit before tax, including regulatory deferral account balances, was ₹4,219.01 crore, down from ₹4,996.88 crore in the previous quarter.
- Profit after tax for Q1FY24 was ₹3,412.15 crore, down from ₹4,127.77 crore in Q4FY24.
Assets and Liabilities:
- Total assets as of June 30, 2024, were ₹2,49,098.22 crore, up from ₹2,45,421.41 crore as of March 31, 2024.
- Segment assets for transmission were ₹2,00,401.65 crore, and consultancy assets were ₹1,347.24 crore.
- Unallocated assets were ₹47,088.47 crore.
- Total liabilities were ₹1,58,774.11 crore, slightly up from ₹1,58,554.36 crore in the previous quarter.
- Segment liabilities for transmission were ₹11,961.28 crore, and consultancy liabilities were ₹2,430.24 crore.
- Unallocated liabilities were ₹1,44,382.59 crore.
Additional Financial Metrics:
- Reserves (excluding revaluation reserve) were ₹81,023.51 crore.
- Net worth was ₹90,324.11 crore.
- Total borrowings amounted to ₹1,24,465.20 crore.
- The debt-equity ratio was 1.37.
- Debt service coverage ratio (DSCR) was 1.57.
- Interest service coverage ratio (ISCR) was 4.00.
- The current ratio was 0.81.
- Long-term debt to working capital ratio was 9.63.
- The bad debts to account receivable ratio was 0.00.
- Current liability ratio was 0.21.
- Total debts to total assets ratio was 0.50.
- Debtors turnover ratio was 3.49.
- Inventory turnover ratio was 31.12.
- Operating margin was 94%.
- Net profit margin was 34%.
Power Grid's financial performance in Q1FY24 highlights its robust operational capabilities and its efforts to maintain a strong financial position despite slight declines in some areas compared to the previous quarter. The company continues to focus on efficient power transmission and consultancy services, contributing significantly to India's energy infrastructure.
Power Grid
Power Grid Corporation of India Limited (POWERGRID) is a leading public sector enterprise in India, incorporated on October 23, 1989. It is the country's largest electric power transmission utility, with 51.34% of its shares held by the Government of India.
The company has been listed since 2007 and consistently rated "Excellent" by the Ministry of Power. POWERGRID operates 86% of India's inter-regional networks and has diversified into telecommunications and consultancy services.
As of June 30, 2024, it manages extensive transmission lines and substations, providing reliable and efficient power transmission, telecom services under the brand name 'POWERTEL', and consultancy solutions both domestically and internationally.
Power Grid Transmission Segment Grows 1.46% to Rs10,053.23 Cr in Q1FY24 - FAQs
1. What was Power Grid's transmission segment revenue in Q1FY24?
Power Grid's transmission segment revenue in Q1FY24 was ₹10,053.23 crore.
2. How did Power Grid's consultancy segment revenue perform in Q1FY24?
Power Grid's consultancy segment revenue in Q1FY24 was ₹153.26 crore.
3. What was the total revenue including allocable other income for Power Grid in Q1FY24?
The total revenue, including allocable other income, for Power Grid in Q1FY24 was ₹10,206.49 crore.
4. What was the total income for Power Grid in Q1FY24?
The total income for Power Grid in Q1FY24 was ₹10,850.37 crore.
5. What was Power Grid's profit before interest and tax for the transmission segment in Q1FY24?
Power Grid's profit before interest and tax for the transmission segment in Q1FY24 was ₹5,732.66 crore.
6. How much did Power Grid earn in profit before interest and tax for the consultancy segment in Q1FY24?
Power Grid earned ₹2.61 crore in profit before interest and tax for the consultancy segment in Q1FY24.
7. What was Power Grid's total profit before interest and tax in Q1FY24?
Power Grid's total profit before interest and tax in Q1FY24 was ₹5,735.27 crore.
8. What was Power Grid's profit before tax in Q1FY24?
Power Grid's profit before tax in Q1FY24 was ₹4,219.01 crore.
9. What was Power Grid's profit after tax for Q1FY24?
Power Grid's profit after tax for Q1FY24 was ₹3,412.15 crore.
10. What were the total assets of Power Grid as of June 30, 2024?
The total assets of Power Grid as of June 30, 2024, were ₹2,49,098.22 crore.
11. How much were the segment assets for transmission as of June 30, 2024?
The segment assets for transmission as of June 30, 2024, were ₹2,00,401.65 crore.
12. What were the consultancy assets of Power Grid as of June 30, 2024?
The consultancy assets of Power Grid as of June 30, 2024, were ₹1,347.24 crore.
13. How much were the unallocated assets for Power Grid as of June 30, 2024?
The unallocated assets for Power Grid as of June 30, 2024, were ₹47,088.47 crore.
14. What were Power Grid's total liabilities as of June 30, 2024?
Power Grid's total liabilities as of June 30, 2024, were ₹1,58,774.11 crore.
15. How much were the transmission segment liabilities as of June 30, 2024?
The transmission segment liabilities as of June 30, 2024, were ₹11,961.28 crore.
16. What were the consultancy segment liabilities for Power Grid as of June 30, 2024?
The consultancy segment liabilities for Power Grid as of June 30, 2024, were ₹2,430.24 crore.
17. How much were the unallocated liabilities for Power Grid as of June 30, 2024?
The unallocated liabilities for Power Grid as of June 30, 2024, were ₹1,44,382.59 crore.
18. What was Power Grid's reserves (excluding revaluation reserve) as of June 30, 2024?
Power Grid's reserves (excluding revaluation reserve) as of June 30, 2024, were ₹81,023.51 crore.
19. What was Power Grid's net worth as of June 30, 2024?
Power Grid's net worth as of June 30, 2024, was ₹90,324.11 crore.
20. What were Power Grid's total borrowings as of June 30, 2024?
Power Grid's total borrowings as of June 30, 2024, were ₹1,24,465.20 crore.
21. What was Power Grid's debt-equity ratio as of June 30, 2024?
Power Grid's debt-equity ratio as of June 30, 2024, was 1.37.
22. What was Power Grid's debt service coverage ratio (DSCR) for Q1FY24?
Power Grid's debt service coverage ratio (DSCR) for Q1FY24 was 1.57.
23. What was Power Grid's interest service coverage ratio (ISCR) for Q1FY24?
Power Grid's interest service coverage ratio (ISCR) for Q1FY24 was 4.00.
24. What was Power Grid's current ratio as of June 30, 2024?
Power Grid's current ratio as of June 30, 2024, was 0.81.
25. What was Power Grid's long-term debt to working capital ratio as of June 30, 2024?
Power Grid's long-term debt to working capital ratio as of June 30, 2024, was 9.63.
26. What was Power Grid's bad debts to account receivable ratio for Q1FY24?
Power Grid's bad debts to account receivable ratio for Q1FY24 was 0.00.
27. What was Power Grid's current liability ratio as of June 30, 2024?
Power Grid's current liability ratio as of June 30, 2024, was 0.21.
28. What was Power Grid's total debts to total assets ratio as of June 30, 2024?
Power Grid's total debts to total assets ratio as of June 30, 2024, was 0.50.
29. What was Power Grid's debtors turnover ratio for Q1FY24?
Power Grid's debtors turnover ratio for Q1FY24 was 3.49.
30. What was Power Grid's inventory turnover ratio for Q1FY24?
Power Grid's inventory turnover ratio for Q1FY24 was 31.12.
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