| Revenue growth | Operating income up ~7.7% YoY; PAT ~8%, PBT ~6% (consolidated). |
|---|---|
| Margins | PBT ~6% vs PAT ~8%; margins not explicitly quantified. |
| Order book | Works in hand ~₹2.2 lakh Cr (TBCB ₹1.95 lakh Cr, RTM ₹0.25 lakh Cr). |
| Demand visibility | Work-in-hand ₹2.2 lakh Cr; ₹63,000 Cr interstate bids; GEC-3 ₹1.36 lakh Cr. |
| Management confidence | Defensive on land/ROW delays; over-optimistic ('no project delayed'); adjective-heavy. |
Growth
Operating income ~7.7%, PAT ~8%, PBT ~6% (consolidated); regulatory-asset drag ₹354 Cr cited.
Outlook
Capex ₹37,000–40,000 Cr; capitalisation ₹25,000–30,000 Cr; 14 MW data centre commercial ops targeted 2026.
Risks
ROW/land-compensation delays threaten capitalisation; state adoption pending; commodity inflation; rising bidder competition.
Last quarter's promises, checked
Delivered
- Guided 50% RE electricity by 2025 → achieved in 2025 (= BEAT)
Partly delivered
- Guided ₹30,000 Cr FY capitalisation → Q1 ₹5,277 Cr vs ₹1,683 Cr base; H1 total undisclosed (= PARTIAL)
- Guided ₹37,000 Cr FY capex → Q1 stated only as '>10%' of guide, absolute undisclosed; now ₹37,000–40,000 Cr (= PARTIAL)
Missed
- Guided ₹30,000 Cr FY capitalisation → current guide ₹25,000–30,000 Cr, floor cut ₹5,000 Cr (= MISS)
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
- ₹259.55
- Market cap
- ₹2,41,397 Cr
- Revenue (annual)
- ₹46,733 Cr
- Net profit (annual)
- ₹15,928 Cr
- P/E (TTM)
- 14.9×Sector 21.3×
- 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 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.
Power Grid Corporation of India Merger & Restructuring Worth ₹73.46 Cr
Power Grid's board approved selling its entire stake in wholly owned subsidiary CTUIL to Grid Controller of India. The initial consideration is Rs 73.46 Crore, plus a later true-up amount.
- Value
- ₹73.46 Cr
Power Grid Corporation of India Q2 FY27 Results: Net Profit ₹3,866 Cr, Up 8.4% YoY
Power Grid Corporation of India Ltd reported revenue from operations of ₹11,816 Cr (+3.0% YoY) and net profit of ₹3,866 Cr (+8.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹3,866 Cr · +8.4% YoY
Power Grid Corporation of India Management Change
Power Grid named Pankaj Pandey Director (Operations) on a Ministry of Power order, effective on or after 1 December 2026. He retires on 30 June 2030.