Powergrid Q2 Profit Jumps 8% to Rs 3,866 Crore; Income Hits Rs 12,000 Cr Mark
Power Grid Corporation of India reports an 8% jump in Q2 consolidated net profit and total income crossing Rs 12,000 crore.
State-owned Power Grid Corporation of India Limited has reported a strong financial performance for the second quarter of the 2026-27 fiscal year. The Maharatna central public sector enterprise, operating under the Ministry of Power, saw its consolidated net profit after tax (PAT) climb by 8 per cent year-on-year, reaching Rs 3,866 crore for the quarter ending September 30, 2026.
Revenue and Profitability Breakdown
The company's total consolidated income for the July-September period crossed a significant milestone, hitting Rs 12,055 crore. This represents a 3 per cent growth compared to the same quarter in the previous financial year.
When looking at the standalone figures, the company posted a Profit After Tax (PAT) of Rs 3,819 crore and a total income of Rs 11,900 crore for Q2FY2026-27.
Infrastructure Expansion and Capital Expenditure
Powergrid has been aggressively investing in its operational capabilities. The utility reported a consolidated capital expenditure of Rs 16,864 crore. By the end of September 30, 2026, the company had capitalised assets worth Rs 9,300 crore, a figure that includes assets capitalised as finance lease but excludes foreign exchange rate variations.
The scale of the company's assets is substantial, with consolidated gross fixed assets (including gross lease receivables) reaching Rs 3,29,852 crore.
Operational Strength and Network Reach
As of the end of the second quarter, the combined transmission assets of Powergrid and its subsidiaries include:
- Transmission Lines: 1,87,576 ckm
- Substations: 293 units
- Transformation Capacity: 6,49,116 MVA
The company also highlighted its operational efficiency, maintaining an average transmission system availability of 99.81% up to Q2FY27.
New Wins and Shareholder Rewards
The power major continues to grow its project footprint through tariff-based competitive bidding. During the quarter, Powergrid emerged as the successful bidder for six new transmission ventures. These include five Inter-State Transmission System (ISTS) projects—highlighted by the ±800kV Barmer-II South Kalamb HVDC Project—and one Intra-State Transmission System (InSTS) project.
In a move to reward its investors, the enterprise has announced a corporate payout. Powergrid declared a first interim dividend of Rs 3.00 per equity share of Rs 10 each for the 2026-27 financial year, which constitutes 30% of the paid-up equity share capital.