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Informist, Friday, May. 15, 2026

 

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--Power Grid Jan-Mar operating margin 100% vs 96% year ago
--Power Grid FY26 revenue INR 409.04 bln vs INR 414.31 bln year ago
--Power Grid FY26 net profit INR 159.21 bln vs INR 153.54 bln year ago
--Power Grid to raise up to INR 50 bln via rupee term loan, bank facility
--Power Grid to pay INR 1.25 per share final dividend
--Power Grid Jan-Mar revenue INR 99.71 bln vs INR 109.83 bln year ago
--Power Grid Jan-Mar net profit INR 45.53 bln vs INR 43.36 bln year ago
--Analysts saw Power Grid Jan-Mar revenue at INR 128.09 bln
--Power Grid Jan-Mar revenue INR 99.71 bln
--Analysts saw Power Grid Jan-Mar net profit at INR 44.36 bln
--Power Grid Jan-Mar net profit INR 45.53 bln
 

 

By Sunil Raghu

 

AHMEDABAD – Power Grid Corp. of India Ltd.'s bottom line for the March quarter was a tad above analysts' estimate, with the top line falling on year and way short of the Street's estimate. What helped the state-run power transmission company clock a net profit was a write-back of tax.

 

The state-run power transmission company reported a net profit of INR 45.53 billion for the March quarter, a 5% on-year rise compared to a 2% on-year rise estimated by the Street at INR 44.36 billion.

 

Power Grid's revenue for the quarter fell over 9% on year to INR 99.71 billion from INR 109.83 billion in the March quarter a year ago. Analysts had expected the top line to rise to INR 128 billion. From the trailing quarter, the company's net profit jumped over 9%, and its revenue was down over 9%. 

 

Total expenses for the three-month period rose nearly 11% on year to nearly INR 82 billion. Power Grid's other expenses during the March quarter saw a jump of nearly 79% on year to INR 18 billion. Its finance costs, which accounted for a little less than a third of the total expenses, rose over 1% on year to over INR 26 billion in the March quarter. Depreciation and amortisation expenses, which account for around 38% of the total expenses, were up nearly 2% on year at nearly INR 31 billion. However, expenses towards employee benefits fell over 9% on year to nearly INR 7 billion.

 

Revenue from Power Grid's transmission business, which accounts for an overwhelming majority of its total revenue, fell nearly 11% on year to over INR 97 billion in Jan-Mar. Meanwhile, income from consultancy operations rose over 76% on year to over INR 5 billion during the quarter. The operating margin expanded by 4 percentage points on year to 100%. The company reported a tax write-back of nearly INR 46 billion, compared to a tax outgo of over INR 8 billion in the March quarter of FY25.

 

For the year ended Mar. 31, the company's bottom line rose nearly 4% on year to over INR 159 billion and its revenue fell a little over 1% to over INR 409 billion. Revenue from the transmission business fell over 2% on year at INR 404 billion during 2025-26 (Apr-Mar). Consultancy operations clocked revenue of over INR 12 billion during the year, up nearly 57%.
 
The company will pay final dividend of INR 1.25 per share. It said it would also raise INR 50 billion through rupee term loan or bank facility. On Friday, shares of Power Grid ended nearly 1.4% higher at INR 305.85 on the National Stock Exchange. The company announced its earnings after market hours.  End

 

Edited by Avishek Dutta

 

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