New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Public Sector Undertaking under the Ministry of Power, Government of India, has announced its unaudited financial results for the second quarter (Q2) and half-year (H1) ended September 30, 2025. The company continues to demonstrate strong operational and financial performance, consolidating its position as India’s leading power transmission utility.
Robust Financial Performance in H1 FY2026
On a consolidated basis, POWERGRID reported a Profit After Tax (PAT) of ₹3,566 crore and Total Income of ₹11,670 crore for the second quarter (Q2 FY26). On a standalone basis, PAT stood at ₹3,555 crore, while Total Income was ₹11,348 crore.
For the first half of FY2026 (H1 FY26), the company posted a consolidated PAT of ₹7,197 crore and Total Income of ₹23,115 crore. During the corresponding period of FY2025, the company had recorded a PAT of ₹7,517 crore and Total Income of ₹23,126 crore, indicating stable performance despite evolving market conditions.
On a standalone basis, POWERGRID achieved a PAT of ₹7,208 crore and Total Income of ₹22,605 crore for H1 FY26, compared to ₹7,123 crore and ₹22,234 crore respectively in the same period last year.
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Strong Asset Base and Operational Efficiency
As of September 30, 2025, POWERGRID and its subsidiaries manage an extensive network comprising 1,80,864 circuit kilometers (ckm) of transmission lines, 286 substations strategically located across India, and a total transformation capacity of 5,81,831 MVA.
During the first half of FY2026, the company incurred a capital expenditure of ₹15,385 crore and capitalized assets worth ₹3,888 crore (excluding FERV but including assets capitalized as Finance Lease) on a consolidated basis. The company’s Gross Fixed Assets, including gross lease receivables, stood at a significant ₹2,95,148 crore as of September 30, 2025.
Dividend and Project Wins
Continuing its track record of rewarding shareholders, POWERGRID has declared a first interim dividend of ₹4.50 per equity share (45% of the paid-up share capital) for FY2026 — matching the dividend declared during the same period in the previous fiscal year.
Further strengthening its growth trajectory, POWERGRID emerged as the successful bidder for five new projects under the Tariff-Based Competitive Bidding (TBCB) mechanism during Q2 FY26. The estimated Network Capital Transmission (NCT) cost for these projects stands at approximately ₹7,700 crore, underscoring the company’s leadership in India’s power transmission sector.
Industry-Leading System Availability
POWERGRID’s focus on reliability, technology, and operational excellence continues to set benchmarks in the power sector. Leveraging state-of-the-art maintenance techniques, automation, and digitization, the company maintained an average transmission system availability of 99.83% during H1 FY26 — among the highest in the world.
Sustaining Growth and National Energy Goals
POWERGRID’s consistent financial performance, expanding transmission network, and investment in innovation reflect its critical role in strengthening India’s power infrastructure. The company remains committed to supporting the Government of India’s vision of delivering reliable, affordable, and sustainable electricity to all.
About Power Grid Corporation of India Limited
Power Grid Corporation of India Limited (PGCIL) is a Maharatna central public sector enterprise under the Ministry of Power, Government of India. As the largest transmission utility in the country, Power Grid plays a pivotal role in planning, implementing, and operating a robust nationwide power transmission network. With a workforce committed to innovation, excellence, and ethical practices, Power Grid continues to focus on creating a sustainable, transparent, and corruption-free organizational culture while serving the nation’s growing energy needs.
