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Power Grid of India (POWERGRID) investor relations material
Power Grid of India Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Gross fixed assets exceeded ₹3.25 lakh crore, with 186,000 circuit kilometers of transmission lines, 634,516 MVA transformation capacity, and 99.80% system availability as of June 30, 2026.
Government of India holds 51.34% stake; market cap at ₹2.66 lakh crore; FII and DII shareholding at 24.33% and 20.70% respectively.
Major commissioning in Q1 FY27 included 1,635 circuit kilometers and 10,500 MVA transformation capacity, with key projects in Andhra Pradesh, Rajasthan, and Karnataka.
Maintains highest domestic credit ratings (AAA) and strong international ratings (BBB/Baa3).
Board approved major mergers of subsidiaries and in-principle divestment of CTUIL and certain JV stakes.
Financial highlights
Consolidated Q1 FY27 total income rose to ₹11,697 crore, up from ₹11,444 crore YoY; PAT at ₹3,598 crore, slightly down from ₹3,631 crore YoY.
EBITDA margin remains robust; consolidated EBITDA at ₹9,581 crore for Q1 FY27.
Q1 capitalization at ₹5,277 crore, over 3x last quarter's ₹1,683 crore.
Billing for Q1FY27 at ₹11,404 crore with a realization rate of 104.03%.
Gross fixed assets (consolidated) at ₹3,25,671 crore as of June 30, 2026.
Outlook and guidance
CapEx guidance for FY27 set at ₹37,000 crore, with over 10% achieved in Q1; capitalization guidance at ₹30,000 crore.
Works in hand valued at ~₹1.75 lakh crore; bidding pipeline exceeds ₹1.19 lakh crore.
Long-term sectoral opportunity estimated at over ₹15 lakh crore, driven by non-fossil and hydro plans.
Transmission income recognized as per new CERC Tariff Regulations, 2024, with ongoing transition to new tax regime expected to impact deferred tax balances.
Sector outlook supported by data center growth, green hydrogen, and cross-border transmission opportunities.
- FY26 net profit reached INR 15,928 crore, with strong CapEx, sector growth, and asset sales.POWERGRID
Q4 25/26 - CapEx and project pipeline surge, with execution and financial strength supporting future growth.POWERGRID
Investor Day 2026 - Q3 FY26 net profit was INR 4,185 crore on income of INR 12,599 crore; CapEx and renewables rose.POWERGRID
Q3 25/26 - Stable H1 FY26 results, high CapEx, and strong sectoral growth with full regulatory compliance.POWERGRID
Q2 25/26 - Q1 FY26 saw strong earnings, high system reliability, and ambitious growth and ESG initiatives.POWERGRID
Q1 25/26 - Steady financials, strong project pipeline, and high system availability drive a positive outlook.POWERGRID
Q2 24/25 - Q1 FY25 PAT rose 4% YoY to ₹3,724 crore on stable revenue and major project wins.POWERGRID
Q1 24/25 - Record project wins, strong CapEx, and stable profits highlight robust FY25 performance.POWERGRID
Q4 24/25 - Strong financials, robust CapEx, and a growing project pipeline support future growth.POWERGRID
Q3 24/25
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