Power Grid Corporation of India's Q3 FY 2025-26 Quarterly Results
- 01 Feb 2026
Result Summary
- Power Grid Corporation of India Ltd reported a 8.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 7.3%.
- Its expenses for the quarter were down by 5.4% QoQ and up 7.1% YoY.
- The net profit increased 17.4% QoQ and increased 8.4% YoY.
- The earnings per share (EPS) of Power Grid Corporation of India Ltd stood at 4.5 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 12599.08 | 11670.24 | 11743.06 | 8.0% | 7.3% |
Total Expenses | 7314.07 | 7733.40 | 6828.65 | -5.4% | 7.1% |
Profit Before Tax | 5543.63 | 4454.11 | 4956.88 | 24.5% | 11.8% |
Tax | 1312.45 | 829.36 | 1090.16 | 58.2% | 20.4% |
Profit After Tax | 4184.96 | 3566.08 | 3861.63 | 17.4% | 8.4% |
Earnings Per Share | 4.50 | 3.84 | 4.15 | 17.2% | 8.4% |
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 is a state-owned electric utilities company in India. It engages primarily in transmission of electricity and operates a vast network of transmission lines across the country. The company is a key player in India's energy sector, managing the interstate transmission of electricity and ensuring the stability and security of the national grid. As of the latest updates, there are no significant major developments publicly available for Power Grid Corporation of India Ltd beyond the regular expansion and maintenance of its extensive transmission network. The company's main service is the transmission of bulk power across regions and states, and it plays a crucial role in the power infrastructure of India.
Revenue
For the third quarter of fiscal year 2026 (Q3FY26), Power Grid Corporation of India Ltd reported a total income of ₹12,599.08 crores. This represents an increase of 8.0% compared to the previous quarter (Q2FY26) where the total income was ₹11,670.24 crores. When compared with the same quarter in the previous fiscal year (Q3FY25), which had a total income of ₹11,743.06 crores, there is a year-over-year increase of 7.3%. The continuous growth in total income indicates a positive trajectory in revenue generation over both the quarterly and annual periods under consideration.
Profitability
The company reported a profit before tax (PBT) of ₹5,543.63 crores in Q3FY26, marking a 24.5% increase from Q2FY26, which stood at ₹4,454.11 crores. Year-over-year, the PBT reflects an 11.8% increase from ₹4,956.88 crores recorded in Q3FY25. Profit after tax (PAT) for Q3FY26 was ₹4,184.96 crores, up by 17.4% from ₹3,566.08 crores in Q2FY26 and showing an 8.4% growth compared to ₹3,861.63 crores in Q3FY25. The tax expense for this period was ₹1,312.45 crores, which saw a significant increase of 58.2% from the previous quarter and a 20.4% rise from the same quarter last year. Earnings per share (EPS) for Q3FY26 was ₹4.50, which represents a 17.2% increase from the previous quarter and an 8.4% rise year-over-year.
Operating Metrics
Operating metrics for Power Grid Corporation of India Ltd reveal a total expenses figure of ₹7,314.07 crores in Q3FY26. This marks a decrease of 5.4% from the previous quarter's expenses of ₹7,733.40 crores. However, compared to Q3FY25, where total expenses were ₹6,828.65 crores, there is an increase of 7.1%. These figures suggest effective cost management strategies on a quarterly basis, despite an overall increase in expenses year-over-year. The company's ability to enhance its revenue while maintaining a check on its expenses is reflected in the improved profitability metrics as discussed.