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Informist, Monday, Nov. 3, 2025

 

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--Power Grid Jul-Sept net profit INR 35.55 bln 
--Analysts saw Power Grid Jul-Sept net profit at INR 37.83 bln 
--Power Grid Jul-Sept revenue INR 100 bln 
--Analysts saw Power Grid Jul-Sept revenue at INR 111.31 bln 
--Power Grid Jul-Sept net profit INR 35.55 bln vs INR 37.11 bln year ago 
--Power Grid Jul-Sept revenue INR 100 bln vs INR 102.60 bln year ago 
--Power Grid to pay INR 4.50 per share interim dividend 
--Power Grid interim dividend record date is Nov 10 
--Power Grid to raise up to INR 60 bln from SBI via unsecured term loan 
--Power Grid Apr-Sept net profit INR 72.08 bln vs INR 71.23 bln year ago 
--Power Grid Apr-Sept revenue INR 199.28 bln vs INR 203.28 bln year ago 
--Power Grid Q2 transmission revenue INR 99.20 bln vs INR 102.73 bln year ago 
--Power Grid Jul-Sept consultancy revenue INR 2.20 bln vs INR 1.58 bln 
--Power Grid Jul-Sept operating margin 97%, unch on year 

 

By Simran Rede

 

MUMBAI – Power Grid Corp. of India Ltd.'s bottom line for the September quarter fell after rising in the previous two quarters, and its top line declined for the seventh consecutive quarter, contrary to analysts' expectation of a year-on-year growth in both the metrics. The state-run electric power transmission company reported a net profit of INR 35.55 billion for the September quarter, registering a 4% on-year fall compared to the 2% on-year rise estimated by the Street. In absolute terms, the company's bottom line was the lowest in five quarters.

 

Power Grid's revenue for the quarter fell 2.5% on year to INR 100 billion. Analysts had expected the company's top line to rise 8.5% on year to INR 111.31 billion. This was primarily due to a 5% rise in the company's total expenses, which rose for the third straight quarter. On a sequential basis, the company's net profit fell nearly 3% and its revenue rose marginally.

 

Total expenses for the three-month period rose over 5% on year to INR 76.04 billion. While Power Grid's expenses were under control due to a fall in depreciation and amortisation expenses during the September quarter, a 55% on-year increase in other expenses offset some of this benefit.

 

Depreciation and amortisation expenses, which contributed to 40% of the total expenses, fell over 3% on year to INR 30.56 billion in the September quarter. However, other expenses, which contribute around 17% to Power Grid's total expenses, grew to INR 13.3 billion from INR 8.5 billion in the year-ago quarter. 

 

Expenses towards employee benefits rose 7% on year to INR 6.63 billion. Its finance costs fell nearly 2% on year to INR 25.58 billion. 
 

Revenue from Power Grid's transmission business, which accounts for the overwhelming majority of its total revenue, fell over 3% on year to INR 99.20 billion in Jul-Sept. Meanwhile, income from consultancy operations rose 40% on year to INR 2.20 billion during the quarter. The company's operating margin remained unchanged at 97% and its tax outgo for the quarter rose 4% on year to INR 7.09 billion. 

 

For the half year ended September, the company's bottom line rose just 1% on year to INR 72.08 billion while its revenue fell 2% on year to INR 199.28 billion. The revenue from the transmission business fell nearly 3% on year to INR 198.04 billion during the six-month period. Consultancy operations recorded a revenue of INR 4.18 billion in Apr-Sept, up 35% on year.  

 

Alongside its earnings results for the June quarter, Power Grid said its board has approved raising up to INR 60 billion from State Bank of India through an unsecured rupee term loan or line of credit. Additionally, the company said it will pay its first interim dividend of INR 4.50 per share and has set Nov. 10 as the record date for the same.

 

On Monday, shares of Power Grid ended almost flat on the National Stock Exchange at INR 288. It announced its Jul-Sept earnings post market hours.  End

 

Edited by Tanima Banerjee

 

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