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Informist, Monday, Feb. 2, 2026

 

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--Power Grid: FY26 capex and capitalisation plans on track 
--Power Grid: Poised to exceed FY26 guidance for capitalisation, capex 
--Power Grid Oct-Dec capex at INR 113.76 bln vs INR 76.49 bln year ago 
--Power Grid Apr-Dec capex at INR 267.61 bln vs INR 176.51 bln year ago 
--Power Grid Q3 capitalisation at INR 90.27 bln vs INR 34.17 bln year ago 
--Power Grid Apr-Dec capitalisation INR 129.15 bln vs INR 74.23 bln year ago 
--Power Grid Oct-Dec EBITDA INR 107.77 bln vs INR 100.63 bln year ago 
--Power Grid Apr-Dec EBITDA INR 300.90 bln vs INR 294.83 bln year ago 
--Power Grid: FY26 capex seen at INR 320 bln, up from INR 280 bln earlier 
--Power Grid: FY26 capitalisation seen at INR 220 bln vs INR 200 bln earlier 
--Power Grid: FY26 capex revision on strong execution visibility hereon

 

MUMBAI – Power Grid Corp. of India revised its capital expenditure guidance for 2025-26 (Apr-Mar) upwards to INR 320 billion from INR 280 billion earlier. It has also raised the guidance for FY26 capitalisation to INR 220 billion from INR 200 billion earlier, the company said in its post-earnings presentation Monday.

 

The state-run power transmission company said it is on track to achieve its plans of capital expenditure and capitalisation for FY26. Moreover, it is poised to exceed its annual guidance for capitalisation and capital expenditure, according to the presentation.

 

The company has revised the guidance on the back of strong execution visibility for FY26 and beyond, it said in the presentation. 

 

For the December quarter, Power Grid incurred a capital expenditure of INR 113.76 billion, higher than the INR 76.49 billion expense a year ago. For the nine months ended December, its capital expenditure was INR 267.61 billion, sharply higher than INR 176.51 billion a year ago.  

 

Power Grid's capitalisation during Oct-Dec was INR 90.27 billion significantly up from INR 34.17 billion a year ago, and for Apr-Dec it was INR 129.15 billion, higher than INR 74.23 billion in the year-ago period. 

 

For the reporting quarter, Power Grid reported earnings before interest, tax, depreciation, and amortisation of INR 107.77 billion, slightly higher than the INR 100.63 billion recorded a year ago. For the nine months ended December, its EBITDA was INR 300.90 billion, higher than the INR 294.83 billion a year ago.

 

The power transmission company said its renewable energy accounts for 50% of total power consumption as of Dec. 31. 

 

In the December quarter, the company's telecom vertical received orders worth INR 2.06 billion, including multi-year orders. It received INR 1.20 billion worth of orders from a strategic government of India entity for its pan-India requirements. It added 18 new customers under this segment during the quarter. 

 

The power transmission company post market hours Friday reported a net profit of INR 41.60 billion for the reporting quarter, nearly 7% higher on a year-on-year basis and higher than the 2% on-year rise estimated by the Street. Its 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%.

 

At 1400 IST, shares of the company traded 6.3% higher at INR 267.50 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Simran Rede

Edited by Deepshikha Bhardwaj

 

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