ALFA Finder| Revenue growth | Total income grew to ₹11,697 crore, driven by new commissioned assets. |
|---|---|
| Margins | EBITDA remains strong; PAT margins slightly suppressed by regulatory interest accounting. |
| Order book | Works in hand stand at ₹1.75 lakh crore; bidding pipeline robust. |
| Demand visibility | Strong visibility from 900GW non-fossil target and growing data centers. |
| Management confidence | Confident, emphasizing massive ₹15 lakh crore long-term sectoral opportunity. |
Growth
Transmission charges grew 3% YoY to ₹10,905 crore; capitalized assets reached ₹5,277 crore, triple the previous year's Q1 performance.
Outlook
Ambitious capex guidance of ₹37,000 crore and capitalization target of ₹30,000 crore for FY27.
Risks
Regulatory drag of ₹560 crore from depreciation and interest differentials impacts reported PAT; land compensation costs remain unquantified.
Last quarter's promises, checked
Delivered
- Guided ₹28,000Cr Capex → delivered ~₹40,000Cr (= BEAT)
- Guided ₹25,000Cr Capitalization → delivered ₹28,206Cr (= BEAT)
- Guided 50% RE consumption by 2025 → delivered ahead of schedule (= BEAT)
Earnings Call Transcript filed with BSE, NSE: POWERGRID. Summary written with AI assistance from the document.
Power Grid Corporation of India Ltd: key numbers
- Share price
- ₹259.45
- Market cap
- ₹2,41,304 Cr
- Revenue (annual)
- ₹46,733 Cr
- Net profit (annual)
- ₹15,928 Cr
- P/E (TTM)
- 14.9×Sector 21.7×
- Promoter holding
- 51.34%+0.00% QoQ
- FII holding
- 24.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Power Grid Corporation of India Ltd
All →Power Grid Corporation of India Bags ₹243.3 Cr Order
PowerGrid was declared successful bidder under TBCB for a Humnabad sub-station and transmission project in Karnataka. Annual transmission charges total Rs.243.34 Crore.
- Value
- ₹243.3 Cr
- substation transformation capacity
- 1500.0 MVA
Power Grid Corporation of India Management Change
Power Grid appoints Anupam Kumar as Non-Executive Nominee Director, effective 6 November 2026. Abhay Bakre ceases as nominee director from 3 November 2026 following a MoP order.
Power Grid Corporation of India Earnings Call Transcript: Key Takeaways
Q2/H1 FY27 analyst meet: consolidated PAT and operating income both up about 8%, but regulatory-asset drag masks underlying growth. Capex range nudged up; work-in-hand ₹2.2 lakh Cr.
Power Grid Corporation of India Investor Presentation: Key Takeaways
Q2 FY27 consolidated PAT ₹3,867 Cr (+8% YoY), total income ₹12,055 Cr (+3%), EBITDA ₹10,166 Cr (+3%). H1 PAT ₹7,465 Cr (+4%). FY27 capex and capitalisation guidance reiterated.
Power Grid Corporation of India Acquisition
POWERGRID's ROC confirmed merger of 28 wholly owned subsidiaries into 2 WOS, effective 2 Nov 2026. This internal consolidation simplifies group structure and improves operational efficiency.
Power Grid Corporation of India Dividend
Power Grid declared an interim dividend of Rs 3.00 per share for FY 2026-27. Record date is 6 November 2026, with payment by 30 November 2026.