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As of 2026-08-25
On August 21, 2026, Power Grid Corporation of India Limited announced a record date of September 5, 2026, for the 7.55% POWERGRID Bond LV Issue, with a payment date of September 21, 2026. Additionally, on August 20, 2026, Shri Amol Babulal Taori was appointed as Executive Director and Chief Financial Officer, effective August 18, 2026. The company also announced on August 21, 2026, that it was declared the successful bidder for the 'Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II' project.
For the quarter ending June 30, 2026 (Q1 FY2026-27), Revenue from Operations was ₹11,496.72 crore. Finance Costs for the same period were ₹2,022.94 crore. Net Profit Margin for Q1 FY2025-26 was 31.30%.
As of August 21, 2026, Power Grid is in a strong downtrend on a daily timeframe, with the price below its 20-day, 50-day, and 200-day Simple Moving Averages. The daily trend shows a bearish Supertrend indicator. On a weekly timeframe, the trend is described as a weak downtrend. There have been several recent technical anomalies, including an unusually active upward session on August 21, 2026, and an upward gap on August 7, 2026.
Key support levels identified are S1 at ₹262.70, S2 at ₹258.95, S3 at ₹251.55, and S4 at ₹247.30. Key resistance levels include R1 at ₹274.25, R2 at ₹293.02, R3 at ₹301.65, R4 at ₹304.56, and R5 at ₹323.53.
Looking at quarterly shareholding patterns, Domestic Institutional Investors (DIIs) increased their stake from 15.26% in March 2024 to a projected 20.05% by March 2026. Conversely, Foreign Institutional Investors (FIIs) decreased their stake from 29.82% in March 2024 to a projected 25.02% by March 2026. Promoter holdings remained stable at 51.34% throughout the observed periods.
Showing 3 of 18 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹11,496.72 crore | ₹11,665.61 crore | PEAK₹12,395.09 crore | ₹11,475.95 crore | ₹11,196.22 crore |
| Finance Costs | ₹2,022.94 crore | ₹2,174.73 crore | PEAK₹2,190.50 crore | ₹2,148.07 crore | ₹1,934.28 crore |
| Other Expenses | ₹1,286.52 crore | PEAK₹1,898.99 crore | ₹1,082.83 crore | ₹1,694.17 crore | ₹1,408.91 crore |
| Profit Before Exceptional Items And Tax | ₹4,585.06 crore | ₹3,901.33 crore | PEAK₹5,285.01 crore | ₹3,936.84 crore | ₹4,330.19 crore |
| Profit Before Tax | ₹4,585.06 crore | ₹3,901.33 crore | PEAK₹5,285.01 crore | ₹3,936.84 crore | ₹4,330.19 crore |
| Tax Expense | ₹882.74 crore | -₹4,391.11 crore | PEAK₹1,312.45 crore | ₹829.36 crore | ₹867.99 crore |
Power Grid Corporation of India Limited’s first quarter of fiscal 2027 delivered a sequential rise in pre-tax profit as lower finance costs and a sharp drop in other expenses outweighed a slight decline in revenue. Net profit, however, fell from the prior quarter because the previous quarter included a large negative tax charge, which reversed to a standard positive expense this quarter. Compared to the same quarter last year, revenue and pre-tax profit grew modestly, while net profit and earnings per share remained nearly unchanged.
Revenue from operations was ₹11,496.72 crore, down 1.45% sequentially from ₹11,665.61 crore in the fourth quarter, but up 2.68% from ₹11,196.22 crore in the first quarter of the prior year. The sequential decline sits within the recent range of quarterly revenue, which has fluctuated between ₹11,196 crore and ₹12,395 crore over the past five quarters.
Segment revenue, covering transmission, telecommunications, and consultancy activities, was ₹11,581.85 crore, down 2.34% sequentially and up 2.39% year-on-year. Segment revenue exceeding consolidated revenue reflects standard inter-segment eliminations applied during consolidation.
Finance costs decreased 6.98% sequentially to ₹2,022.94 crore, following three consecutive quarters where costs remained above ₹2,100 crore. Year-on-year, finance costs were 4.58% higher than the ₹1,934.28 crore recorded in the first quarter of the prior year.
Other expenses fell sharply by 32.25% sequentially to ₹1,286.52 crore, reversing the spike seen in the fourth quarter (₹1,898.99 crore). Over the past five quarters, this category has ranged from ₹1,082.83 crore to ₹1,898.99 crore. Year-on-year, other expenses were 8.69% lower.
The combined reduction in finance costs and other expenses totaled ₹764.26 crore, more than offsetting the ₹168.89 crore sequential decline in revenue. This expense contraction contributed to a 17.53% sequential increase in profit before exceptional items and tax (PBT) to ₹4,585.06 crore. The result marks the second-highest quarterly PBT in the five-quarter window, trailing only the third quarter of the prior fiscal year (₹5,285.01 crore).
Year-on-year, PBT rose 5.89% from ₹4,330.19 crore. Despite the consolidated gain, segment PBT declined 2.58% sequentially to ₹4,460.83 crore and was 1.82% lower than the prior year’s first quarter. The divergence indicates that unallocated items, including other income of ₹200 crore in the current quarter, lifted the consolidated pre-tax figure while core segment profitability softened.
Tax expense shifted from a negative ₹4,391.11 crore in the fourth quarter to a positive ₹882.74 crore in the first quarter. The prior quarter’s negative charge stands as an outlier relative to the normal quarterly range, which typically falls between ₹829 crore and ₹1,312 crore. The current quarter’s tax expense aligns closely with the ₹867.99 crore recorded in the first quarter of the prior year.
Consequently, profit for the period fell 20.85% sequentially to ₹3,598.42 crore, though it remained nearly flat year-on-year at ₹3,630.58 crore. Basic earnings per share decreased to ₹3.87 from ₹4.89 in the prior quarter, compared to ₹3.90 a year ago. The sequential decline in net profit occurred despite the rise in pre-tax profit, underscoring the dominant impact of the tax reversal on bottom-line earnings.
Comprehensive income for the period was ₹3,527.21 crore, down 23.28% sequentially and 7.7% year-on-year. Other comprehensive income turned negative at -₹71.21 crore, contrasting with positive balances of ₹51.32 crore in the fourth quarter and ₹190.76 crore in the first quarter of the prior year. The negative swing in other comprehensive income reduced total comprehensive income below the reported net profit.
Power Grid Corporation reported standalone revenue from operations of ₹9,795 crore for Q1 FY27, marginally lower than ₹9,928 crore in the same quarter last year. Net profit after tax (including regulatory deferral account balances) stood at ₹3,411 crore, compared to ₹3,653 crore YoY. The company continues to recognize transmission income under CERC tariff regulations for 2024-29, with ₹9,019 crore from final orders and ₹497 crore provisionally for assets awaiting tariff determination. Management also highlighted the expected transition to the new tax regime under the Income-tax Act, 2025, which has led to a significant deferred tax adjustment reflected in regulatory deferral accounts.
On the growth front, the Committee of Directors approved a new capital expenditure project for reconductoring of Tirunelveli–Udumalpet and Pugalur–Madurai 400kV D/c lines with HTLS conductor at an estimated cost of ₹856.94 crore, scheduled for commissioning by February 2028. This investment underscores the company's focus on enhancing transmission capacity. Key financial ratios remained healthy, with the debt-equity ratio improving to 1.41 from 1.48 sequentially and the interest service coverage ratio at 3.52.
Power Grid Corporation’s first quarter showed a sequential increase in pre-tax profit driven by lower finance costs and a sharp reduction in other expenses, even as revenue edged down. Net profit fell from the prior quarter because a large negative tax charge reversed to a standard positive expense. Year-on-year, revenue and pre-tax profit grew modestly, while net profit and earnings per share were nearly unchanged. The gap between consolidated and segment pre-tax profit highlights the role of unallocated items in boosting the quarter’s top-line earnings, a structural pattern to track as expense trends evolve.
Exchange disclosures and regulatory announcements for Power Grid Corporation of India.
On 24-Aug-2026, POWERGRID confirmed timely release of interest and partial redemption for its 7.50% Powergrid Bond LXXIII Issue (ISIN INE752E08700, issue size ₹1,250 Crore). An interest payment of ₹75,00,00,000 was made for the period 24/08/2025 to 23/08/2026, with a due date of 22/08/2026. A partial redemption of ₹10,000 per Bond was also completed, reducing the outstanding amount from ₹1,250 Crore to ₹875 Crore.
NAME(S)OF THE ACQUIRER AND ITS(PAC) : Life Insurance Corporation of India
Power Grid Corporation of India Limited announced a record date of 26-Sep-2026 and a payment date of 12-Oct-2026 for the 3rd part redemption of its 7.70% POWERGRID Bond LXXIV Issue (ISIN INE752E08718). The redemption amount is ₹2,25,00,00,000, reducing the face value per NCD from ₹80,000 to ₹70,000, with the interest period from 12-Oct-2025 to 11-Oct-2026.
Power Grid Corporation of India Limited notified the National Stock Exchange and BSE on August 21, 2026, regarding the record date of September 5, 2026, for the 7.55% POWERGRID Bond LV Issue (ISIN: INE752E07OB6). The interest period for this debt instrument spans from September 21, 2025, to September 20, 2026, with payment due and anticipated on September 21, 2026. The filing specifies that no redemption amount is applicable as the ISIN to be redeemed is listed as NA.
On August 20, 2026, the Board of Power Grid Corporation of India Limited appointed Shri Amol Babulal Taori as Executive Director and Chief Financial Officer for a term of 60 months. This appointment coincides with the cessation of Venkata Subrahamanayam Vallurie from the position of Chief Financial Officer on August 21, 2026.
On August 21, 2026, Power Grid Corporation of India Limited received a Letter of Intent declaring it the successful bidder for the 'Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II (5500MW) and Jamnagar Phase-I (1000 MW)' project. The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis involving a new GIS substation at Kalyanpur, ICT augmentation, and 765 kV transmission lines in Gujarat, with a discovered tariff of Rs. 822.91 crore per annum.
At the 37th Annual General Meeting of Power Grid Corporation of India Limited held on August 20, 2026, all 10 resolutions were passed with requisite majority. Key approvals included the adoption of audited financial statements for FY ended March 31, 2026, confirmation of dividends for FY 2025-26, re-appointment of directors Dr. Yatindra Dwivedi and Shri Naveen Srivastava, and authorization for the Board to fix statutory auditor remuneration. Special resolutions were passed to enhance borrowing limits from ₹1,80,000 crore to ₹2,20,000 crore and to raise up to ₹35,000 crore via debentures/bonds for FY 2026-27 and FY 2027-28.
Power Grid Corporation of India Limited has informed the Exchange regarding Cessation of Mr Venkata Subrahamanayam Vallurie as Chief Financial Officer of the company w.e.f. August 20, 2026. |SUBJECT: Cessation
On 20th August 2026, the Board of Directors of Power Grid Corporation of India Limited appointed Shri Amol Babulal Taori (DIN: 11890590) as an Additional Director (Finance) and Chief Financial Officer (CFO), effective from that date. He had previously assumed the charge of Director (Finance) on 18th August 2026, following a Ministry of Power order dated 12th August 2026, for a term of five years or until further orders. Consequent to his appointment, Shri Venkata Subrahamanayam Vallurie ceased to be CFO, and Dr. Yatindra Dwivedi relinquished the additional charge of Director (Finance).
At POWERGRID's 37th Annual General Meeting on 20 August 2026, all 10 resolutions were approved, including adoption of audited financials for FY2025-26, confirmation of interim and final dividends, re-appointment of directors Dr. Yatindra Dwivedi and Shri Naveen Srivastava, appointment of Burra Vamsi Rama Mohan as Chairman & Managing Director, and ratification of cost auditors' remuneration. The board's borrowing limit was enhanced from ₹1,80,000 crore to ₹2,20,000 crore, and fundraising authority for FY2026-27 and FY2027-28 via debentures/bonds was increased to ₹35,000 crore per year. The meeting had 181 members attend via video conferencing.
Shri Amol Babulal Taori assumed the charge of Director (Finance) of Power Grid Corporation of India Limited on 18th August 2026, and the Board approved his appointment as Additional Director. Dr. Yatindra Dwivedi, Director (Personnel), relinquished the additional charge of Director (Finance) on the same date. The appointment is for a term of five years from the date of assumption of charge, as per Ministry of Power order.
Power Grid Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on August 18, 2026. |SUBJECT: Outcome of Board Meeting
On August 17, 2026, Power Grid Corporation of India Limited confirmed the timely payment of ₹11,50,34,996.00 in interest and a partial redemption amount of ₹21,67,50,000.00 for its 7.52% Unsecured Redeemable Non-Convertible Bonds (ISIN: INE752E08684). The interest covered the period from May 17, 2026, to August 16, 2026, while the partial redemption reduced the face value by ₹2,500 per bond due to maturity, leaving an outstanding principal of ₹585,22,50,000.00.
On August 17, 2026, Power Grid Corporation of India Limited confirmed the timely payment of ₹5,66,89,647.00 in interest and a partial redemption amount of ₹10,62,50,000.00 for its 7.56% Unsecured Redeemable Non-Convertible Bonds (ISIN: INE752E08692). The interest covered the period from May 17, 2026, to August 16, 2026, while the partial redemption reduced the face value by ₹2,500 per bond due to maturity, leaving an outstanding principal of ₹286,87,50,000.00.
On August 7, 2026, Power Grid Corporation of India Limited held a webinar to discuss its financial performance for the first quarter ended June 30, 2026, reporting a consolidated PAT of Rs. 3,598 crore despite a regulatory drag of Rs. 560 crore from depreciation and interest differentials. The company commissioned 1,635 circuit kilometers of transmission lines adding 10,500 MVA capacity, while securing six new TBCB projects with a total gross annual tariff of approximately Rs. 2,200 crore. Management confirmed that capital expenditure guidance was exceeded by over 10% in the quarter, bringing cumulative capitalization to Rs. 5,277 crore against a target of Rs. 30,000 crore, and noted that equipment supply constraints are easing due to increased OEM capacity.
On 14-Aug-2026, POWERGRID confirmed timely payment of interest on its 8.24% GOI Fully Serviced Bond (ISIN INE752E08551, issue size ₹3,487.50 crore). The half-yearly interest of ₹142,50,40,300.00 was paid on the due date of 14-Aug-2026 for the period from 14-Feb-2026 to 13-Aug-2026, with the last interest payment made on 16-Feb-2026.
Power Grid Corporation of India Limited notified the National Stock Exchange and BSE on August 13, 2026, regarding the record date of August 20, 2026, for the 9.30% POWERGRID Bond XLVI Issue (ISIN: INE752E07LR8). The interest period for this debt instrument spans from September 4, 2025, to September 3, 2026, with the payment due and anticipated on September 4, 2026.
On August 12, 2026, the Ministry of Power appointed Shri Amol Babulal Taori, currently Executive Director (International Trade) at Hindustan Petroleum Corporation Limited, as Director (Finance) of Power Grid Corporation of India Limited for a five-year term effective upon assumption of charge. The appointment was communicated via Order No. 25-11/3/2025-PG dated August 12, 2026, and will remain in effect until further orders or the conclusion of the five-year period, whichever occurs earlier.
POWERGRID confirmed timely payment of ₹349,00,00,000.00 in yearly interest on 12-Aug-2026 for its 6.98% POWERGRID Bond LXXXII Issue (ISIN INE752E08791, issue size ₹5,000 Crore), covering the period from 12-Aug-2025 to 11-Aug-2026, with no redemption payment disclosed.
Power Grid Corporation of India Limited notified the National Stock Exchange and BSE on August 7, 2026, regarding the newspaper publication of its unaudited financial results for the quarter ended June 30, 2026. The filing, signed by Company Secretary Anjana Luthra, discloses key financial metrics including revenue from operations of Rs 11,370.04 crore and net profit of Rs 3,451.02 crore for the period, alongside comparative figures for the corresponding periods in the previous fiscal year.
On August 7, 2026, POWERGRID organized a webinar for investors and analysts at 11:00 A.M. IST to discuss business and outlook following the first quarter financial results ended June 30, 2026. The event featured the Senior Management team interacting with stakeholders, and audio and video recordings were made available via provided links in compliance with SEBI Regulation 30.
Power Grid Corporation of India announced a record date of 14-Aug-2026 and a payment date of 29-Aug-2026 for the redemption of ₹206,00,00,000 (₹206 crore) principal on ISIN INE752E07IW4 of its 9.35% POWERGRID Bond XXXVI Issue, with interest covering the period from 29-08-2025 to 28-08-2026.
Power Grid Corporation of India Limited announced an investor and analyst webinar scheduled for August 7, 2026, to present its Q1 FY27 earnings update. The presentation covers financial performance, operational highlights including commissioned transmission lines and substations, and future outlook with a CAPEX guidance of ₹37,000 crore for FY27. The company also highlighted its market position, credit profile, and progress on sustainability initiatives.
Power Grid Corporation of India Limited published its unaudited financial results for the quarter ended June 30, 2026, on August 6, 2026. The company reported a total income of ₹11,370.04 crore and a net profit after tax of ₹3,410.95 crore for the standalone quarter. For the consolidated results, total income was ₹46,995.88 crore and net profit after tax was ₹15,921.00 crore for the nine months ended June 30, 2026.
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Comprehensive Section Breakdown for Power Grid Corporation of India
Strategic Vision: Electric power transmission utility operating national grid infrastructure.
Category: B2B Services
Manages the design, construction, operation, and maintenance of high-voltage AC and HVDC transmission lines and substations.
Category: B2B Services
Licenses national long-distance and internet service provider bandwidth, leasing dark fiber and colocation space on transmission towers to telecom carriers.
Key Products & Services: PowerTel
Category: B2B Services
Provides advisory and project execution services for power transmission, distribution networks, smart grids, and rural electrification programs globally.
Core Thesis: Leverages its physical transmission infrastructure to support telecom networks and consultancy services.
• OPGW Fiber Integration: Installs Optical Ground Wire (OPGW) fibers on transmission towers to create a secure, low-latency national telecom backhaul network. • Substation Data Center Synergies: Constructs data centers on surplus land adjacent to substations, securing direct high-voltage power lines. • Consultancy Export Model: Utilizes grid-management experience to offer project design, procurement, and management services globally.
• Extensive high-voltage inter-state transmission system infrastructure
• Integrated telecom network leveraging existing power grid assets
• Global consultancy expertise derived from national grid operations