State-owned Power Grid Corporation of India Ltd posted a 6% year-on-year drop in net profit to ₹3,566 crore from ₹3,793 crore in Q2 FY25, missing the CNBC-TV18 poll estimate of ₹3,780 crore.

Revenue grew 1.8% YoY to ₹11,476 crore from ₹11,277 crore, slightly above the analyst estimate of ₹11,431 crore.

EBITDA declined 6.1% YoY to ₹9,114 crore from ₹9,701 crore, falling short of the CNBC-TV18 forecast of ₹9,958.6 crore. Margins narrowed to 79.4%, compared with 86% a year ago and below the expected 87% in the analyst poll.

Also Read: Power Grid Q1 Results: Stock recovers from lows despite every parameter declining from last year

The board of directors has approved the payment of the first interim dividend of ₹4.50 per equity share of ₹10 each, representing 45% of the paid-up equity

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