Power Grid Corporation of India's Q4 FY 2025-26 Quarterly Results

Result Summary

• Power Grid Corporation of India Ltd reported a 5.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 4.9%.
• Its expenses for the quarter were up by 10.3% QoQ and 6.9% YoY.
• The net profit increased 8.6% QoQ and increased 9.7% YoY.
• The earnings per share (EPS) of Power Grid Corporation of India Ltd stood at 4.89 during Q4 FY 2025-26.

Financial Statments for Q4 FY 2025-26

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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 operates as a leading electricity transmission company in India. It is primarily responsible for the planning, implementation, and maintenance of inter-state transmission systems. The company is crucial in managing the bulk power transmission system across the country, linking power producers and consumers. Its services revolve around the transmission of electricity, system operation, and consultancy services. Power Grid plays a key role in the national grid, ensuring the reliable and efficient transmission of electricity. While specifics on recent major developments are not provided in the data, the company is likely engaged in ongoing projects to expand and upgrade the power transmission infrastructure in line with India's growing energy needs.

Revenue

In Q4FY26, Power Grid Corporation of India Ltd reported a total income of ₹11,970.69 crores. This represents a decline of 5.0% from the previous quarter (Q3FY26), where the total income was ₹12,599.08 crores. Compared to the same quarter the previous year (Q4FY25), the total income decreased by 4.9% from ₹12,590.80 crores. These figures indicate a reduction in revenue both sequentially and year-over-year. The decline may be attributed to various factors affecting the company's income generation capabilities during this period.

Profitability

The Profit Before Tax (PBT) for Q4FY26 was reported at ₹138.23 crores, which marks a significant decrease of 97.5% compared to ₹5,543.63 crores in Q3FY26. Year-over-year, there is a similar decline of 97.3% from ₹5,091.27 crores in Q4FY25. Despite these declines in PBT, Power Grid Corporation reported a Profit After Tax (PAT) of ₹4,546.33 crores in Q4FY26, showing an 8.6% increase from the previous quarter's ₹4,184.96 crores and a 9.7% rise from ₹4,142.87 crores in Q4FY25. The Earnings Per Share (EPS) also increased by 8.7% QoQ and 11.1% YoY, reaching ₹4.89 in Q4FY26. These figures reflect a strong performance in net profitability despite lower PBT, possibly due to favorable tax adjustments.

Operating Metrics

Total expenses for Q4FY26 were recorded at ₹8,069.36 crores, which is a 10.3% increase from ₹7,314.07 crores in Q3FY26 and a 6.9% increase from ₹7,549.92 crores in Q4FY25. This rise in expenses could impact operational efficiency. The tax reported for Q4FY26 was a negative ₹4,391.11 crores, a significant deviation from the positive tax values of ₹1,312.45 crores in Q3FY26 and ₹918.82 crores in Q4FY25. This large negative tax figure may have contributed to the increased net profit despite lower PBT. The key financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio are not provided in the data; therefore, comprehensive analysis on those is not possible.