New Delhi, August 5, 2026: State-owned Power Grid Corporation of India Ltd (POWERGRID) reported a decline in its standalone net profit for the first quarter of FY2026-27, with earnings impacted despite stable transmission operations. The company announced its unaudited financial results after the board meeting held on August 5.
Power Grid Q1 FY27 Net Profit Declines 6.6%
POWERGRID reported a standalone net profit of ₹3,410.95 crore for the quarter ended June 30, 2026, compared to ₹3,653.23 crore in the corresponding quarter last year, reflecting a 6.6% year-on-year decline.
On a consolidated basis, the company posted a net profit of ₹3,598.42 crore, marginally lower than ₹3,630.58 crore reported in Q1 FY26.
Revenue from Operations
Standalone revenue from operations stood at ₹9,795.40 crore, compared to ₹9,928.23 crore in the year-ago period.
Consolidated revenue increased to ₹11,496.72 crore, up from ₹11,196.22 crore in Q1 FY26, supported by contributions from subsidiaries.
Profit Before Tax
Power Grid’s standalone profit before tax (PBT) came in at ₹4,246.32 crore, compared with ₹4,172.27 crore a year earlier.
The company reported total standalone income of ₹11,370.04 crore, while total expenses stood at ₹7,123.72 crore during the quarter.
Operational Highlights
During the first quarter, Power Grid continued expanding its transmission infrastructure and commissioned multiple projects across India. Key operational developments included:
- Continued execution of transmission assets under CERC tariff regulations.
- Progress in transmission projects across multiple states.
- Ongoing restructuring of subsidiaries through approved merger schemes.
- Continued plans for divestment of select joint ventures and Central Transmission Utility of India Ltd (CTUIL), which remain classified as assets held for sale.
Board Approves Q1 FY27 Financial Results
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at its meeting held on August 5, 2026.
The statutory auditors issued a limited review report without modification, indicating no material misstatements in the reported financial statements.
Key Financial Highlights (Standalone)
| Particulars | Q1 FY27 | Q1 FY26 | YoY |
|---|---|---|---|
| Revenue from Operations | ₹9,795.40 crore | ₹9,928.23 crore | -1.3% |
| Total Income | ₹11,370.04 crore | ₹11,256.88 crore | +1.0% |
| Profit Before Tax | ₹4,246.32 crore | ₹4,172.27 crore | +1.8% |
| Net Profit | ₹3,410.95 crore | ₹3,653.23 crore | -6.6% |
| EPS | ₹3.67 | ₹3.93 | Lower |
Outlook
Power Grid remains one of India’s largest power transmission companies and continues to focus on expanding the national transmission network while executing strategic restructuring initiatives. Investors will closely monitor upcoming project execution, regulated returns, and progress on planned asset monetisation and subsidiary restructuring in the coming quarters.
