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Informist, Friday, Jan. 30, 2026

 

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--Power Grid Oct-Dec operating margin 98% vs 99% year ago
--Power Grid Oct-Dec transmission revenue INR 108.88 bln vs INR 103.16 bln
--Power Grid approves raising up to INR 320 bln via debt in FY26
--Power Grid share interim dividend record date is Feb 9
--Power Grid to pay INR 3.25 per share interim dividend
--Power Grid Apr-Dec revenue INR 309.33 bln vs INR 304.49 bln year ago
--Power Grid Apr-Dec net profit INR 113.68 bln vs INR 110.17 bln year ago
--Power Grid Oct-Dec revenue INR 110.05 bln vs INR 101.21 bln year ago
--Power Grid Oct-Dec net profit INR 41.60 bln vs INR 38.94 bln year ago
--Analysts saw Power Grid Oct-Dec revenue at INR 110.97 bln
--Power Grid Oct-Dec revenue INR 110.05 bln
--Analysts saw Power Grid Oct-Dec net profit at INR 37.53 bln
--Power Grid Oct-Dec net profit INR 41.60 bln
 

 

By Sunil Raghu

 

MUMBAI – Power Grid Corp. of India Ltd.'s bottom line for the December quarter beat analysts' estimate. The company's top line rose on year after falling year on year for seven successive quarters. However, the revenue fell short of the Street's estimate by a whisker.

 

The state-run power transmission company reported a net profit of INR 41.60 billion for the December quarter, registering a near 7% on-year rise compared to a 2% on-year rise estimated by the Street.

 

Power Grid's revenue for the quarter rose nearly 9% on year to INR 110.05 billion. Analysts had expected the top line to rise to INR 111.31 billion. From the trailing quarter, the company's net profit jumped over 17% and its revenue was up over 10%. 

 

Total expenses for the three-month period rose over 8% on year to INR 73.67 billion. Though Power Grid's expenses were under control due to a fall in other expenses during the December quarter, an increase in finance costs offset some of this benefit.

 

Finance costs, which accounted for a little over one-third of the total expenses, rose 21% on year to INR 25.74 billion in the December quarter. Depreciation and amortisation expenses, which account for around 45% of total expenses, were up 4% on year at INR 32.07 billion. However, other expenses, which are around 12% of Power Grid's total expenses, fell to INR 9.32 billion from INR 10.04 billion in the year-ago quarter. Expenses towards employee benefits rose over 10% on year to INR 6.54 billion.

 

Revenue from Power Grid's transmission business, which accounts for an overwhelming majority of its total revenue, rose over 5% on year to INR 108.88 billion in Oct-Dec. Meanwhile, income from consultancy operations rose over 62% on year to INR 3.05 billion during the quarter. The company's operating margin fell by 1 percentage point on year to 98% and its tax outgo for the quarter rose nearly 22% on year to INR 11.69 billion.

 

For the nine months ended December, the company's bottom line rose just over 3% on year to INR 113.68 billion and its revenue rose nearly 2% on year to INR 309.33 billion. Revenue from the transmission business was flat on year at INR 306.92 billion during the nine-month period. Consultancy operations clocked a revenue of INR 7.24 billion in Apr-Dec, up over 45% on year.

 

The company said it will pay an interim dividend of INR 3.25 per share and has set Feb. 9 as the record date for the same. On Friday, shares of Power Grid ended more than 1.5% lower at INR 256.50 on the National Stock Exchange. It announced the earnings post market hours.  End

 

Edited by Ashish Shirke

 

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