New Delhi: Power Grid Corporation of India Limited (POWERGRID), a Maharatna public sector enterprise under the Ministry of Power, Government of India, has announced its financial results for the second quarter (Q2) and first half (H1) of the financial year 2026-27, ended September 30, 2026.
The company reported a consolidated Profit After Tax (PAT) of ₹3,866 crore for Q2FY27, registering an increase of 8% compared with the corresponding quarter of the previous financial year. Its consolidated total income stood at ₹12,055 crore, reflecting a year-on-year growth of 3%.
On a standalone basis, POWERGRID posted a PAT of ₹3,819 crore and total income of ₹11,900 crore during the quarter.
The results highlight the company’s financial performance during the quarter, supported by its transmission operations and continued investment in infrastructure development.
Standalone and Consolidated Financial Performance
POWERGRID’s consolidated PAT of ₹3,866 crore was higher than its standalone PAT of ₹3,819 crore. Similarly, consolidated total income of ₹12,055 crore exceeded the standalone figure of ₹11,900 crore.
The company recorded year-on-year growth of 8% in consolidated profit and 3% in consolidated total income for Q2FY27.
These figures reflect the financial performance for the quarter ended September 30, 2026, as announced by the company.
Capital Expenditure Reaches ₹16,864 Crore
POWERGRID continued its investment in transmission infrastructure during the first half of FY2026-27.
As of September 30, 2026, the company had incurred capital expenditure of ₹16,864 crore on a consolidated basis. It also capitalised assets worth ₹9,300 crore during the period. This figure excludes Foreign Exchange Rate Variation (FERV) and includes assets capitalised as finance leases.
The company’s consolidated Gross Fixed Assets stood at ₹3,29,852 crore as on September 30, 2026. This figure includes Gross Lease Receivables.
The capital expenditure and asset capitalisation figures indicate the scale of POWERGRID’s ongoing infrastructure investments during the first half of the financial year.
Transmission Network Spans 1,87,576 Circuit Kilometres
At the end of Q2FY27, POWERGRID and its subsidiaries had a substantial transmission network comprising 1,87,576 circuit kilometres (ckm) of transmission lines, 293 substations and a transformation capacity of 6,49,116 MVA.
The company maintained an average transmission system availability of 99.81% up to the end of the second quarter.
Transmission system availability is an important operational measure for the company, reflecting the reliability of its network in supporting electricity transmission across regions.
POWERGRID Wins Six Transmission Projects Under Competitive Bidding
During Q2FY27, POWERGRID emerged as the successful bidder for six transmission projects under the Tariff Based Competitive Bidding (TBCB) mechanism.
The projects comprise five Inter-State Transmission System (ISTS) projects and one Intra-State Transmission System (InSTS) project.
Among the five ISTS projects is the ±800 kV Barmer-II–South Kalamb High Voltage Direct Current (HVDC) project. The company did not provide further project-wise details in the supplied announcement.
Winning these projects adds to POWERGRID’s transmission infrastructure portfolio and expands its participation in the development of electricity transmission networks through the competitive bidding route.
Declares First Interim Dividend of ₹3 Per Share
Alongside its quarterly financial results, POWERGRID has declared its first interim dividend for FY2026-27.
The company will pay an interim dividend of ₹3 per equity share, with each share having a face value of ₹10. The dividend represents 30% of the paid-up equity share capital.
The declaration provides a return to shareholders while the company continues its investments in transmission infrastructure and expansion projects.
POWERGRID’s Q2FY27 Performance at a Glance
The company’s key financial and operational figures for the quarter and the period up to September 30, 2026, include consolidated PAT of ₹3,866 crore, consolidated total income of ₹12,055 crore, capital expenditure of ₹16,864 crore and asset capitalisation of ₹9,300 crore.
Its transmission network stood at 1,87,576 ckm of lines, 293 substations and 6,49,116 MVA of transformation capacity, with average system availability maintained at 99.81%.
With an 8% rise in consolidated profit, six new transmission project wins and a ₹3 interim dividend, POWERGRID’s Q2FY27 results reflect its financial performance and continued focus on strengthening India’s power transmission infrastructure.
About Power Grid Corporation of India Limited (POWERGRID)
Power Grid Corporation of India Limited (POWERGRID) is a Maharatna public sector undertaking under the Ministry of Power, Government of India. It is one of the world’s largest electricity transmission utilities and plays a key role in developing and operating India’s interstate and inter-regional power transmission network. The company also undertakes transmission infrastructure projects and is expanding into emerging areas such as battery energy storage systems.
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