Power Grid Corporation Reports Flat Q3 FY24-25 Results Amid Positive Liquidity Trends

Feb 04 2025 09:32 AM IST
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Power Grid Corporation of India has announced its financial results for Q3 FY24-25, showing a stable performance. The company reported its highest cash reserves in recent periods, improved debt-equity ratio, and strong debtor turnover. However, operating profit has declined, marking a challenging area for the company.
Power Grid Corporation of India has recently reported its financial results for the quarter ending December 2024, revealing a flat performance for Q3 FY24-25. Notably, the company's evaluation has undergone an adjustment, with its score shifting to 2 from -1 over the past three months.

Several positive trends are evident in the latest financials. The company has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 8,955.43 crore, indicating an improvement in short-term liquidity. Additionally, the debt-equity ratio has reached its lowest point at 1.33 times in the last five half-yearly periods, reflecting a reduction in borrowing relative to equity capital. Furthermore, the debtors turnover ratio has also shown strength, being the highest at 4.24 times in the last five half-yearly periods, suggesting that the company is effectively managing its receivables.

Conversely, the operating profit (PBDIT) has reached its lowest level at Rs 9,537.98 crore in the last five quarters, indicating challenges in this area.

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