| 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
- ₹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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