EESL associate losses continue
EESL contributed a loss of INR 100 crore in H1 FY25 due to mounting receivables and interest costs, with no clear timeline for reversal.
medium · analyst_question
Power Grid Corporation — Q2 FY25
Power Grid reported consolidated Q2 FY25 revenue of INR 11,846 crore (+2.7% YoY) and PAT of INR 3,793 crore (+0.3% YoY), with muted growth due to a INR 300 crore O&M cost reduct...
neutral
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
O&M cost reduction under new CERC regulation
New CERC tariff regulation (2024-29) reduced O&M charges by INR 600 crore annually, impacting profitability by ~INR 300 crore in H1.
medium · management_commentaryDeclining RTM revenue offsets TBCB gains
Revenue from legacy RTM projects is declining due to lower depreciation and interest, partially offsetting growth from new TBCB projects.
medium · management_commentaryCompetitive pressure in TBCB bidding
Analyst raised concern about potential ROE compression in TBCB projects due to competitive bidding, though management downplayed the risk.
low · analyst_question