{"id":169556,"date":"2025-07-30T08:07:12","date_gmt":"2025-07-30T12:07:12","guid":{"rendered":"https:\/\/44.250.171.167\/?p=169556"},"modified":"2025-07-30T08:07:12","modified_gmt":"2025-07-30T12:07:12","slug":"power-grid-corporation-of-india-ltd-q1-fy26-earnings-results-2-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/power-grid-corporation-of-india-ltd-q1-fy26-earnings-results-2-fall-in-profits\/","title":{"rendered":"Power Grid Corporation of India Ltd Q1 FY26 Earnings Results &#8211; 2% fall in Profits"},"content":{"rendered":"<p>Power Grid Corporation of India Limited is a Maharatna CPSU and India\u2019s largest electric power transmission company. GoI holds a 51.34% stake in the company as on March 31, 2021. PGCIL was incorporated in 1989 to set up extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines.<\/p>\n<h2 id=\"q1-fy26-earnings-summary-aprjun-2025\" class=\"mb-2 mt-6 text-base font-[500] first:mt-0 md:text-lg dark:font-[475] [hr+&amp;]:mt-4\">Q1 FY26 Earnings Summary (Apr\u2013Jun 2025)<\/h2>\n<ul class=\"marker:text-textOff list-disc\">\n<li>\n<p class=\"my-0\"><strong>Total Income:<\/strong> \u20b911,196 crore, a slight increase compared to \u20b910,850 crore in Q1 FY25 (+1.73% approx).<\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>Revenue from Operations:<\/strong>\u00a0\u20b911,196 crore, up about 1.7% YoY.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>Net Profit (PAT):<\/strong> \u20b93,631 crore, down 2.5% YoY from \u20b93,724 crore in Q1 FY25.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>EBITDA:<\/strong>\u00a0Approximately \u20b96,682 crore, with an EBITDA margin near 87%.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>Finance Costs:<\/strong>\u00a0\u20b91,934 crore, marginally lower than the previous year.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>Tax Expense:<\/strong>\u00a0\u20b9868 crore, slightly down YoY.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>Segments:<\/strong>\u00a0Transmission revenue was stable, consultancy and telecom segments showed strong growth (consultancy +42.8% YoY, telecom +17.7% YoY).<\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>Earnings Per Share (EPS):<\/strong>\u00a0Not separately disclosed.<\/p>\n<\/li>\n<\/ul>\n<h3 id=\"key-management-commentary--strategic-highlights\" class=\"mb-2 mt-6 text-base font-[500] first:mt-0 md:text-lg dark:font-[475] [hr+&amp;]:mt-4\">Key Management Commentary &amp; Strategic Highlights<\/h3>\n<ul class=\"marker:text-textOff list-disc\">\n<li>\n<p class=\"my-0\">Management highlighted steady asset performance and a robust project pipeline in transmission infrastructure.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">The Board approved <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/c966b684-385b-4634-b058-a6e221cfde5b.pdf\" target=\"_blank\" rel=\"noopener\">increasing borrowing limits<\/a> to \u20b925,000 crore for FY25-26 and plans to raise \u20b930,000 crore for FY26-27.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">Power Grid is actively participating in tariff-based competitive bidding projects to expand transmission capacity.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">A joint venture with Nepal Electricity Authority is underway to enhance cross-border transmission connectivity.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">The company remains optimistic about long-term growth driven by India&#8217;s increasing electricity demand and government initiatives for renewable energy integration.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">Despite a <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/c966b684-385b-4634-b058-a6e221cfde5b.pdf\" target=\"_blank\" rel=\"noopener\">slight dip in profit<\/a>, operational margins and revenue growth remain stable given the regulated business model.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">There is a focus on non-transmission businesses like consultancy and telecom to diversify revenue.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">The outlook retains confidence in demand recovery as power consumption grows and new capacity is added.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-169557\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-3-839x1024.png\" alt=\"\" width=\"640\" height=\"781\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-3-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-3-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-3-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-3-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-3.png 1489w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"q4-fy25-earnings-summary-janmar-2025\" class=\"mb-2 mt-6 text-base font-[500] first:mt-0 md:text-lg dark:font-[475] [hr+&amp;]:mt-4\">Q4 FY25 Earnings Summary (Jan\u2013Mar 2025)<\/h2>\n<ul class=\"marker:text-textOff list-disc\">\n<li>\n<p class=\"my-0\"><strong>Total Income:<\/strong>\u00a0Around \u20b911,279 crore, showing moderate growth.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>Net Profit (PAT):<\/strong>\u00a0\u20b93,724 crore, steady with previous periods.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">Growth supported by continued capitalisation of transmission assets and operational efficiencies.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">Margins remained robust, supported by stable transmission revenue.<\/p>\n<\/li>\n<li>\n<p class=\"my-0\">Continued focus on cost control and execution excellence noted by management.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Power Grid Corporation of India Limited is a Maharatna CPSU and India\u2019s largest electric power transmission company. GoI holds a 51.34% stake in the company as on March 31, 2021. PGCIL was incorporated in 1989 to set up extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines. Q1 FY26 Earnings Summary (Apr\u2013Jun 2025) [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":169557,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5746],"tags":[12002,9731],"class_list":["post-169556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-energy-stocks","tag-power-generation","tag-power-transmission"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-3.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":170666,"url":"https:\/\/alphastreet.com\/india\/kec-international-q1-fy26-earnings-results\/","url_meta":{"origin":169556,"position":0},"title":"KEC International Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 27, 2025","format":false,"excerpt":"KEC International is a global infrastructure EPC major. 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