Power Grid Corporation of India's Q2 FY 2025-26 Quarterly Results
- 16 Nov 2025
Result Summary
- Power Grid Corporation of India Ltd reported a 2.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 1.5%.
- Its expenses for the quarter were up by 8.7% QoQ and 5.8% YoY.
- The net profit decreased 1.8% QoQ and decreased 6.0% YoY.
- The earnings per share (EPS) of Power Grid Corporation of India Ltd stood at 3.84 during Q2 FY 2025-26.
Financial Statments for Q2 FY 2025-26
Total Income | 11670.24 | 11444.42 | 11845.93 | 2.0% | -1.5% |
Total Expenses | 7733.40 | 7114.23 | 7309.59 | 8.7% | 5.8% |
Profit Before Tax | 4454.11 | 4543.01 | 4782.11 | -2.0% | -6.9% |
Tax | 829.36 | 867.99 | 884.48 | -4.5% | -6.2% |
Profit After Tax | 3566.08 | 3630.58 | 3793.02 | -1.8% | -6.0% |
Earnings Per Share | 3.84 | 3.67 | 4.08 | 4.6% | -5.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Power Grid Corporation of India Ltd (PGCIL) is a leading public sector company in India that operates in the power transmission sector. The company primarily engages in the transmission of electricity and operates a significant portion of India's interstate and inter-regional electric power transmission system. PGCIL is also involved in the business of telecom and consultancy services. As a central transmission utility, PGCIL plays a critical role in ensuring the reliability and security of the electricity grid in India. The company is known for its extensive network of transmission lines and substations, which are fundamental to supporting India's growing power needs. Recent developments in the company may include expansions in transmission capacity and advancements in technology to enhance grid management, although specific details were not provided in the data.
Revenue
For the second quarter of the fiscal year 2026, Power Grid Corporation of India Ltd reported a total income of ₹11,670.24 crores. This represents a 2.0% increase from the previous quarter (Q1 FY26), where the total income was ₹11,444.42 crores. However, when compared to the same quarter in the previous fiscal year (Q2 FY25), there is a slight decrease of 1.5%, with the total income having been ₹11,845.93 crores. The company’s revenue performance indicates a moderate growth on a quarter-over-quarter basis while showing a marginal decline on a year-over-year basis.
Profitability
In terms of profitability, Power Grid Corporation of India Ltd's profit before tax for Q2 FY26 was ₹4,454.11 crores, which reflects a decrease of 2.0% from the previous quarter's figure of ₹4,543.01 crores. Compared to Q2 FY25, there is a more pronounced decline of 6.9% from ₹4,782.11 crores. The tax expense for Q2 FY26 was ₹829.36 crores, showing a decrease of 4.5% from Q1 FY26 and a 6.2% decrease from Q2 FY25. Consequently, the profit after tax for Q2 FY26 stood at ₹3,566.08 crores, indicating a 1.8% decrease from the previous quarter and a 6.0% decrease year-over-year. Earnings per share for Q2 FY26 were ₹3.84, an increase of 4.6% from Q1 FY26, but a decrease of 5.9% compared to Q2 FY25.
Operating Metrics
The operating expenses for Power Grid Corporation of India Ltd in Q2 FY26 amounted to ₹7,733.40 crores, which shows an increase of 8.7% from the previous quarter's expenses of ₹7,114.23 crores. When compared to the same quarter in the previous year, the operating expenses increased by 5.8% from ₹7,309.59 crores. Despite the increase in operating expenses, the company has maintained a steady earnings per share performance relative to the previous quarter. The financial metrics portray an environment of increased operational costs, which is reflected in the year-over-year and quarter-over-quarter comparisons. The company’s focus on managing these costs will be critical in its future performance evaluations.