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Earnings Call

Power Grid Corporation of India Earnings Call: Key Takeaways

Power Grid remains the dominant transmission utility, pivoting from RTM to TBCB while leveraging massive national energy transition targets through FY26-FY27.

Why this was an Alfa AlertCapex beat: Guided ₹28,000cr, achieved ~₹40,000cr, a material 42% beat explicitly confirmed by management.
Highlights
Revenue growthTotal income rose to ₹47,684cr, a steady marginal YoY increase.
MarginsEBITDA trajectory faces minor dips as older RTM assets reset tariffs.
Order bookWorks in hand stand at ₹1.7 lakh crore, predominantly TBCB projects.
Demand visibilityStrong, backed by 900GW renewable target by 2036 transition plan.
Management confidenceBalanced and execution-focused, emphasizing technical superiority and grid resilience.

Growth

Capex reached ₹40,000cr vs ₹28,000cr guidance, driven by aggressive renewable integration and TBCB project wins.

Outlook

FY27 capex guidance set at ₹37,000cr with capitalization targets of ₹30,000cr initially.

Risks

EBITDA dip in Q4 FY26 due to natural RTM tariff resets and right-of-way execution bottlenecks.

Source

Earnings Call filed with BSE, NSE: POWERGRID. Summary written with AI assistance from the document.

Read the document ↗

Power Grid Corporation of India Ltd: key numbers

Share price
₹269.50
Market cap
₹2,50,651 Cr
Revenue (annual)
₹46,733 Cr
Net profit (annual)
₹15,928 Cr
P/E (TTM)
15.8×Sector 25.1×
Promoter holding
51.34%+0.00% QoQ
FII holding
24.33%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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22:18 IST BSE
Debt & Borrowing

Power Grid Corporation of India Debt & Borrowing

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16:57 IST BSE
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Power Grid Corporation of India Debt & Borrowing: ₹10,000 Cr

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Value
₹10,000 Cr
16:38 IST BSE
New Order Win

Power Grid Corporation of India Bags ₹430.7 Cr Order from Tariff Based Competitive Bidding

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Value
₹430.7 Cr
From
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19:08 IST BSE
Acquisition

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Value
₹18.98 Cr
15:38 IST BSE
Debt & Borrowing

Power Grid Corporation of India Debt & Borrowing: ₹93.62 Cr

Power Grid paid ₹93.62 Crore annual interest on its 7.55% Bond LV Issue dated 2016. The payment was made on schedule on September 21, 2026.

Value
₹93.62 Cr
11:49 IST BSE
Debt & Borrowing

Power Grid Corporation of India Debt & Borrowing: ₹5,000 Cr

PowerGrid's Committee of Directors approved Rs. 5,000 Crore bond issuance (84th Issue 2026-27) on private placement. The 10-year unsecured NCDs will be listed on BSE and NSE.

Value
₹5,000 Cr
Execution
10 years