# POWERGRID (POWERGRID) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/powergrid

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹248.1
- Change: -0.36%
- As of: 2026-10-13
- 1D return: -0.06%
- 5D return: -3.11%
- 1M return: -8.37%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-12_

### Technical Outlook

As of October 12, 2026, POWERGRID is exhibiting a bearish technical setup across daily, weekly, and monthly timeframes, with price trading below key moving averages and the Supertrend indicator on all horizons. Daily trend strength is developing with an ADX of 24.16, while weekly trend strength is also developing at ADX 22.3. However, the monthly trend strength is weak with an ADX of 5.88, indicating a lack of conviction in the longer-term downtrend. The stock is positioned near the lower end of its trading range across 20, 50, and 252-day periods, with the 20-day range position at +14.8%. Recent anomalies include high participation with no clear direction on both monthly and weekly charts on October 12, 2026, and a wide intraday range on October 8, 2026. Annualized volatility stands at +22.5%, with a current drawdown of -22.4% and a maximum drawdown of -23.8%.

The immediate risk is to the downside, with the nearest support at ₹248.8 (0.08% below current price) and resistance at ₹251.45 (0.98% above current price). A confirmed break below the ₹248.8 support level, accompanied by increased volume, would reinforce the bearish setup. Conversely, a sustained move above the ₹251.45 resistance level, particularly with improving momentum indicators, could signal a potential shift in the technical stance.

- Bearish technical setup confirmed across daily, weekly, and monthly timeframes with price below key averages and Supertrend.
- Developing trend strength on daily (ADX 24.16) and weekly (ADX 22.3) charts, but weak conviction on monthly (ADX 5.88).
- Stock positioned near the lower end of its trading range; high drawdown of -22.4% and annualized volatility of +22.5%.
- Nearest support at ₹248.8 (0.08% below current price) and resistance at ₹251.45 (0.98% above current price).
- Confirmation of bearish setup with a break below ₹248.8 support; invalidation with a sustained move above ₹251.45 resistance.

- Inside Bar
- Evening Star
- Doji
- Harami
- Bearish Engulfing Reversal

### News Context

The burgeoning demand for Artificial Intelligence (AI) data centers in India is placing increased strain on the nation's power grid infrastructure. This heightened demand is reportedly driving up costs associated with upgrading Supervisory Control and Data Acquisition (SCADA) and Energy Management Systems (EMS). Consequently, regional planning is being initiated to facilitate faster and more targeted expansion of transmission capacity to meet these growing power needs.

- Reported on October 10, 2026, an AI data-centre boom is increasing pressure on India's power grid.
- This trend is noted to be driving up upgrade costs for SCADA/EMS systems.
- Regional planning is underway to enable quicker, targeted transmission capacity expansion.

- [AI data-centre boom puts India’s power grid under pressure, drives up upgrade costs](https://www.thehindu.com/business/Economy/ai-data-centre-boom-puts-indias-power-grid-under-pressure-drives-up-upgrade-costs/article71555736.ece)

### What Changed

Power Grid Corporation of India Limited announced on October 11, 2026, the commissioning of its transmission system for power evacuation from a Renewable Energy Zone (REZ) in Rajasthan, specifically under Phase-III Part-C1. This development coincides with broader market news highlighting the strain on India's power grid due to the increasing demand from AI data centers. This surge in demand is reportedly driving up upgrade costs for SCADA/EMS systems and necessitating regional planning for enhanced transmission capacity. The company's ongoing operations and infrastructure development, as evidenced by the project commissioning, continue within the established context of its operations on the BSE.

- On October 11, 2026, Power Grid Corporation of India Limited reported the commissioning of its transmission system for power evacuation from REZ in Rajasthan (20 GW) under Phase-III Part-C1.
- News on October 12, 2026, indicates that the growth of AI data centers is placing pressure on India's power grid, leading to increased upgrade costs for SCADA/EMS systems.

- [AI data-centre boom puts India’s power grid under pressure, drives up upgrade costs](https://www.thehindu.com/business/Economy/ai-data-centre-boom-puts-indias-power-grid-under-pressure-drives-up-upgrade-costs/article71555736.ece)
- [Power Grid Corporation of India Limited has informed the Exchange about Commissioning of project namely Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1 . |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POWERGRID1_11102026222253_BSENSEReg30Commissioning.pdf)

### Official Filings

Power Grid Corporation of India Limited has reported the commissioning of two significant projects. On October 11, 2026, the company announced the completion of the "Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1." Prior to this, on October 8, 2026, the "Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka (TBCB)" was commissioned. These project completions are key indicators of the company's operational expansion and its role in facilitating renewable energy evacuation.

Additionally, the company has updated its leadership structure. On September 30, 2026, Shri Akhilesh Pathak was appointed as Additional Director (Director (Projects)), effective from the same date, following an order from the Ministry of Power. His tenure is set to continue until his superannuation on May 31, 2028, or until further directives. This appointment led to Shri Burra Vamsi Rama Mohan, Chairman & Managing Director, relinquishing the additional charge of Director (Projects).

Separately, on September 30, 2026, the company provided updates regarding record dates for its bond interest payments. For the 7.49% POWERGRID Bond LXIV Issue, the record date was October 10, 2026, with interest payment due on October 25, 2026. Similarly, for the 7.08% Unsecured Redeemable Non-Convertible Bonds (Series LXXIX), the record date was also October 10, 2026, with the interest payment due on October 25, 2026. These announcements relate to the company's debt obligations.

- Commissioned "Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1" on October 11, 2026.
- Commissioned "Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka (TBCB)" on October 8, 2026.
- Appointed Shri Akhilesh Pathak as Additional Director (Director (Projects)) effective September 30, 2026, with tenure until May 31, 2028.
- Notified record date of October 10, 2026, for interest payments on 7.49% POWERGRID Bond LXIV Issue, due October 25, 2026.
- Notified record date of October 10, 2026, for interest payments on 7.08% Unsecured Redeemable Non-Convertible Bonds (Series LXXIX), due October 25, 2026.

- [Power Grid Corporation of India Limited has informed the Exchange about Commissioning of project namely Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1 . |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POWERGRID1_11102026222253_BSENSEReg30Commissioning.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about Commissioning of project namely Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka (TBCB) . |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POWERGRID1_08102026221647_BSENSEReg30dt08102026LOI.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2660_WebXMLFile_20261001_181250473.xml)
- [Power Grid Corporation of India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2660_WebXMLFile_20261001_180956964.xml)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026182725_64_Signed.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026183010_79_Signed.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026195726_BSENSEReg30dt30092026_Final.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange regarding Appointment of Mr Akhilesh Pathak as Director (Projects) of the company w.e.f. September 30, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026200406_BSENSEReg30dt30092026_Final.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about change in Senior Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026200747_BSENSEReg30signed.pdf)

### Fundamentals

Power Grid's latest reported quarter, Q1 FY2026-27, showed a sequential decrease in Revenue from Operations to ₹11,496.72 crore from ₹11,665.61 crore in Q4 FY2025-26. Despite lower revenue, Profit Before Tax saw a sequential increase, reaching ₹4,585.06 crore in Q1 FY2026-27 compared to ₹3,901.33 crore in the prior quarter. This improvement was supported by a sequential decrease in Finance Costs to ₹2,022.94 crore from ₹2,174.73 crore and a notable reduction in Other Expenses to ₹1,286.52 crore from ₹1,898.99 crore.

The company's operating trajectory indicates a sequential revenue dip, but improved profitability driven by cost management, particularly in other expenses and finance costs. The divergence between revenue and profit suggests enhanced operational efficiency or a favorable cost structure in the most recent period.

- Revenue from Operations sequentially decreased to ₹11,496.72 crore in Q1 FY2026-27.
- Profit Before Tax sequentially increased to ₹4,585.06 crore, driven by lower finance and other expenses.
- Finance Costs decreased sequentially to ₹2,022.94 crore in Q1 FY2026-27.
- The next checkpoint is the sustainability of profit margins amidst fluctuating revenue.

### Bear Case

The company's technical indicators suggest a weakening trend. Daily and weekly analyses show a bearish supertrend direction, with negative slopes on both the 20-day and 50-day moving averages. This is accompanied by a rising ADX (24.16 daily, 22.3 weekly) and a higher minus DI than plus DI, indicating a potential for sustained downward price movement. Recent returns have been negative across multiple periods, with a 1-year return of -13.9% and a year-to-date return of -6.7%. The stock is also experiencing a significant drawdown of -22.4% from its recent peak, with a maximum drawdown of -23.8%. News indicates that the increasing demand from data centers is putting pressure on India's power grid, potentially driving up upgrade costs for systems like SCADA/EMS.

- Daily and weekly technical trends are currently bearish, with negative moving average slopes.
- The stock has experienced a -22.4% current drawdown and a -23.8% maximum drawdown.
- Recent returns show a -13.9% 1-year return and a -6.7% year-to-date return.
- News highlights potential cost pressures from increased demand on the power grid due to data center growth.

- [AI data-centre boom puts India’s power grid under pressure, drives up upgrade costs](https://www.thehindu.com/business/Economy/ai-data-centre-boom-puts-indias-power-grid-under-pressure-drives-up-upgrade-costs/article71555736.ece)
- [Power Grid Corporation of India Limited has informed the Exchange about Commissioning of project namely Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1 . |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POWERGRID1_11102026222253_BSENSEReg30Commissioning.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about Commissioning of project namely Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka (TBCB) . |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POWERGRID1_08102026221647_BSENSEReg30dt08102026LOI.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2660_WebXMLFile_20261001_181250473.xml)
- [Power Grid Corporation of India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2660_WebXMLFile_20261001_180956964.xml)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026182725_64_Signed.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026183010_79_Signed.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026195726_BSENSEReg30dt30092026_Final.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange regarding Appointment of Mr Akhilesh Pathak as Director (Projects) of the company w.e.f. September 30, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026200406_BSENSEReg30dt30092026_Final.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about change in Senior Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026200747_BSENSEReg30signed.pdf)

### FAQs

**What recent project commissioning announcements has Power Grid Corporation of India Limited made?**

Power Grid Corporation of India Limited announced the commissioning of the Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1 on October 11, 2026. Additionally, the company reported the commissioning of the Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka (TBCB) on October 8, 2026.

**What is the recent technical trend for Power Grid Corporation of India Limited?**

As of October 12, 2026, the daily and weekly technical trends for Power Grid Corporation of India Limited are indicated as 'bearish' by the Supertrend indicator. The daily trend shows a negative EMA 20 slope of -5.45 and an SMA 20 slope of -4.14. The weekly trend shows a more pronounced negative EMA 20 slope of -9.09 and an SMA 20 slope of -11.52.

**What are the nearest support and resistance levels for Power Grid Corporation of India Limited?**

As of October 12, 2026, the nearest support level for Power Grid Corporation of India Limited is at ₹248.80, which is 0.08% below the current price. The nearest resistance level is at ₹251.45, which is 0.98% above the current price.

**How has Power Grid Corporation of India Limited performed over different periods?**

As of October 12, 2026, Power Grid Corporation of India Limited has shown the following period returns: -0.1% for 1 day, -7.5% for 1 month, -12.0% for 3 months, -17.8% for 6 months, -13.9% for 1 year, and -6.7% year-to-date. Longer-term returns include -3.1% for 5 days, -7.6% for 10 days, and -19.8% since the start.

**What recent changes in directors or key personnel have been reported by Power Grid Corporation of India Limited?**

Power Grid Corporation of India Limited reported on October 1, 2026, that two executive directors, Dilip Nagesh Rozekar and Atul Kumar Bali, ceased their roles effective September 30, 2026, due to superannuation or retirement. This was classified as a routine cessation of designated persons.

- [AI data-centre boom puts India’s power grid under pressure, drives up upgrade costs](https://www.thehindu.com/business/Economy/ai-data-centre-boom-puts-indias-power-grid-under-pressure-drives-up-upgrade-costs/article71555736.ece)
- [Power Grid Corporation of India Limited has informed the Exchange about Commissioning of project namely Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1 . |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POWERGRID1_11102026222253_BSENSEReg30Commissioning.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about Commissioning of project namely Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka (TBCB) . |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POWERGRID1_08102026221647_BSENSEReg30dt08102026LOI.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2660_WebXMLFile_20261001_181250473.xml)
- [Power Grid Corporation of India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2660_WebXMLFile_20261001_180956964.xml)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026182725_64_Signed.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026183010_79_Signed.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026195726_BSENSEReg30dt30092026_Final.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange regarding Appointment of Mr Akhilesh Pathak as Director (Projects) of the company w.e.f. September 30, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026200406_BSENSEReg30dt30092026_Final.pdf)
- [Power Grid Corporation of India Limited has informed the Exchange about change in Senior Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026200747_BSENSEReg30signed.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹248.8
- Risk regime: Price Risk Requires Attention

### Support levels
- 247.3
- 246.49999999999997
- 243.85

### Resistance levels
- 271.11171875
- 274.25
- 293.01552734375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.06% |
| return_10 | -7.61% |
| return_1m | -7.47% |
| return_1y | -13.89% |
| return_20 | -8.37% |
| return_3m | -12.05% |
| return_5 | -3.11% |
| return_6m | -17.75% |
| return_since_start | -19.78% |
| return_ytd | -6.67% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -23.76% |
| annualized_volatility | +22.47% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Lower Expenses Drive Pre-Tax Profit Growth; Net Earnings Dip as Tax Expense Reverses

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 and Segment Performance

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.

## Expenses and Pre-Tax Profit

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 and Net Profit

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

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.

## Management Commentary

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.

## Key Takeaway

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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +51.34%
- FII holding: +24.33%
- DII holding: +20.62%
- Mutual fund holding: +13.62%
- Retail holding: +2.81%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +49.40%
- LIFE INSURANCE CORPORATION OF INDIA - ULIF00420091 — +4.52%
- PARAG PARIKH ARBITRAGE FUND — +3.56%
- SBI ARBITRAGE OPPORTUNITIES FUND — +2.13%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA CON — +1.87%
- HDFC MUTUAL FUND - HDFC BSE 500 ETF — +1.76%
- GOVERNMENT OF SINGAPORE — +1.76%
- NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME CENT — +1.54%
- ICICI PRUDENTIAL ESG EXCLUSIONARY STRATEGY FUND — +1.34%
- UTI NIFTY 50 INDEX FUND — +1.09%

## Official filings

- 2026-10-12 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_12102026162810_B74_Signed.pdf)
- 2026-10-12 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_12102026163813_BSENSE_Signed.pdf)
- 2026-10-12 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_12102026173004_BSENSEReg30acquisitionDt12102026REC.pdf)
- 2026-10-12 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_12102026174244_BSENSEReg30dt12102026DP_signed.pdf)
- 2026-10-12 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_12102026214537_JamKhambhaliya.pdf)
- 2026-10-12 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_12102026214346_LakadiaC.pdf)
- 2026-10-11 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_11102026222253_BSENSEReg30Commissioning.pdf)
- 2026-10-08 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_08102026221647_BSENSEReg30dt08102026LOI.pdf)
- 2026-10-01 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2660_WebXMLFile_20261001_181250473.xml)
- 2026-10-01 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2660_WebXMLFile_20261001_180956964.xml)
- 2026-09-30 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026182725_64_Signed.pdf)
- 2026-09-30 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026182725_64_Signed.pdf)
- 2026-09-30 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_30092026183010_79_Signed.pdf)
- 2026-09-30 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026195726_BSENSEReg30dt30092026_Final.pdf)
- 2026-09-30 — Management Change: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026200406_BSENSEReg30dt30092026_Final.pdf)
- 2026-09-30 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_30092026200747_BSENSEReg30signed.pdf)
- 2026-09-25 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_25092026172331_signed_41.pdf)
- 2026-09-25 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_25092026172757_signed_56.pdf)
- 2026-09-25 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_25092026181430_BSENSEReg30dt25092026_signed.pdf)
- 2026-09-25 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_25092026185442_BSENSEReg30dt25092026_signed.pdf)
- 2026-09-25 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2660_WebXMLFile_20260925_191212722.xml)
- 2026-09-23 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_23092026191217_BSENSEReg30Acqdt23092026_v2signed.pdf)
- 2026-09-23 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2660_WebXMLFile_20260923_194328019.xml)
- 2026-09-22 — Board Meeting Notice: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POWERGRID1_22092026144052_BSENSEReg29PI21092026v1.pdf)
- 2026-09-21 — Generic Announcement: Power Grid Corporation of India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/POWERGRID1_21092026153730_55_Signed.pdf)

## News and market events

- 2026-10-13 — BUSINESSTODAY: **Suzlon, IEX, Tata Power, NTPC, Power Grid, CESC, ACME: What to watch in Q2** — Suzlon share, Tata Power share, NTPC share price, IEX share price, CESC share price, ACME solar share price — [Source](https://www.businesstoday.in/markets/stocks/story/suzlon-iex-tata-power-ntpc-power-grid-cesc-acme-what-to-watch-in-q2-561191-2026-10-13)
- 2026-10-10 — The Hindu: **AI data-centre boom puts India’s power grid under pressure, drives up upgrade costs** — India’s AI data-centre boom strains power grids, raising SCADA/EMS upgrade costs and prompting regional planning for faster, targeted transmission capacity. — [Source](https://www.thehindu.com/business/Economy/ai-data-centre-boom-puts-indias-power-grid-under-pressure-drives-up-upgrade-costs/article71555736.ece)
- 2026-10-05 — CNBC-TV18: **Green Energy Corridor Phase 3: KEC, Transformers & Rectifiers see ₹23,500 crore order opportunity** — Vimal Kejriwal, MD & CEO of KEC International and Satyen Mamtora, MD & CEO of Transformers and Rectifiers (India) expect sizeable new business from the third phase of India's renewable energy transmission expansion, with tighter project timelines potentially supporting margins. — [Source](https://www.cnbctv18.com/business/companies/kec-international-transformers-rectifiers-order-opportunity-green-energy-corridor-1-86-lakh-crore-rupees-opportunity-alpha-article-20004473.htm)
- 2026-10-01 — Mint: **Power stocks fall despite  ₹1.86 lakh crore PM-DHARA scheme: Tata Power, Adani Power, NTPC, Power Grid in focus** — In Thursday's trading, key power stocks fell as the government revealed a ₹1.86 lakh crore scheme to boost transmission and renewable energy. The PM-DHARA initiative aims to enhance infrastructure for accommodating 135 GW of renewable energy, despite current stock market pressure. — [Source](https://www.livemint.com/market/stock-market-news/power-stocks-fall-despite-rs-1-86-lakh-crore-pm-dhara-scheme-tata-power-adani-power-ntpc-power-grid-in-focus-11790827242854.html)
- 2026-10-01 — CNBC-TV18: **PM Dhara Scheme Unveiled - These stocks could be the likely beneficiaries** — Power Grid will be another potential beneficiary of this scheme, along with cables and power companies such as KEI Industries, Polycab, and others due to their Medium Voltage Power Cables (MV), and Extra High Voltage (EHV) power cables capabilities. — [Source](https://www.cnbctv18.com/market/pm-dhara-scheme-likely-beneficiaries-power-grid-ge-vernova-power-grid-polycab-cap-goods-share-price-capex-timeline-objectives-20002551.htm)
- 2026-09-30 — MONEYCONTROL: **PM DHARA: What is the Rs 1.86 lakh crore GEC-III scheme and why does it matter?** — Green Energy Corridor Phase III, GEC III, Rs 1.86 lakh crore Green Energy Corridor, renewable energy India, 135 GW renewable power, battery energy storage systems India, 50 GWh battery storage, renewable energy transmission, Ashwini Vaishnaw, Green Energy Corridor scheme, India's non-fossil capacity, renewable power grid infrastructure — [Source](https://www.moneycontrol.com/news/business/pm-dhara-what-is-the-rs-1-86-lakh-crore-gec-iii-scheme-and-why-does-it-matter-14042033.html)
- 2026-09-29 — Times of India: **Top stocks to sell today: Stock market recommendations for September 29, 2026 - check list** — Stock market recommendations: Power Grid Corporation of India, Bosch Ltd, Indian Oil Corporation, and Bank of India are the top stocks to sell today on — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-29-2026-power-grid-corporation-of-india-bosch-ltd-indian-oil-corporation-bank-of-india-stocks-to-sell-today/articleshow/134545142.cms)
- 2026-09-28 — Mint: **Top stocks in focus today: Investors must watch Power Grid, Cupid, SAIL shares on Monday, 28 Sept | Triggers** — SAIL, Power Grid, KPI Green Energy, Godrej Properties, Zydus Lifesciences are some of the companies that are likely to attract attention following announcements made by the companies. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-today-investors-must-watch-power-grid-cupid-sail-shares-on-monday-28-sept-triggers-11790558892670.html)
- 2026-09-25 — CNBC-TV18: **What will it take for Indian companies to become global champions? 6 CEOs explain** — India's next generation of global companies will need to look beyond manufacturing scale and exports. Leaders from aviation, metals, telecom, pharma, power transmission and chemicals explain what it takes to compete globally — from investing in technology and developing intellectual property to managing multinational operations, strengthening supply chains and moving from commodity products towards higher-value solutions. — [Source](https://www.cnbctv18.com/business/what-will-it-take-for-indian-companies-to-become-global-champions-6-ceos-explain-19998924.htm)
- 2026-09-24 — MONEYCONTROL: **Taking Stock: Nifty breaches 23,100 for first time since June 11; Sensex tanks 1,248 pts** — Stock Market Today,Taking Stock,Sensex,Nifty,Market Today,Sensex Today, Nifty Today,Stock Market Today,India Stock Market Today,Share Market Today — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-nifty-breaches-23-100-for-first-time-since-june-11-sensex-tanks-1-248-pts-14037384.html)
- 2026-09-24 — MONEYCONTROL: **Private capex takes centre stage as India’s new project pipeline jumps 28%: HSBC** — HSBC, india, power, capex, private, government — [Source](https://www.moneycontrol.com/news/business/markets/private-capex-takes-centre-stage-as-india-s-new-project-pipeline-jumps-28-hsbc-14037277.html)
- 2026-09-24 — BUSINESS: **Benchmarks at the day's low; European markets edge lower** — The benchmark indices continued their downward slide in afternoon trade, as rising oil prices, elevated US Treasury yields and losses across European and Asian markets weighed on domestic equities. Investors also tracked key regulatory and market developments. The Nifty slipped below the 23,200 level. — [Source](https://www.business-standard.com/markets/capital-market-news/benchmarks-at-the-day-s-low-european-markets-edge-lower-126092400576_1.html)
- 2026-09-24 — BUSINESS: **Vikran Engineering surges after securing  Rs 154 crore order from Power Grid Corp** — Vikran Engineering jumped 9.06% to Rs 61.15 after the company announced that it has secured a new order aggregating approximately Rs 153.76 crore from Power Grid Corporation of India for the 400 kV AIS Extension Substation Package SS 136T. — [Source](https://www.business-standard.com/markets/capital-market-news/vikran-engineering-surges-after-securing-rs-154-crore-order-from-power-grid-corp-126092400323_1.html)
- 2026-09-24 — BUSINESS: **Power Grid acquires Barmer HVDC Power Transmission under TBCB route** — Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 23 September 2026 acquired Barmer HVDC Power Transmission, the Project SPV to establish Inter-State Transmission system for the project namely Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-5: 6 GW) [Barmer Complex] Barmer-II: 6 GW (Solar) (LCC Configuration), on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - REC Power Development and Consultancy (RECPDCL). — [Source](https://www.business-standard.com/markets/capital-market-news/power-grid-acquires-barmer-hvdc-power-transmission-under-tbcb-route-126092400168_1.html)
- 2026-09-23 — BUSINESSTODAY: **ESDS stock surges 302%, emerges as second-best new listing; stock that tops the list** — ESDS share price, ESDS share price today, ESDS shares, ESDS news, ESDS Software share price, ESDS Software  share price today, Paras Defence share price — [Source](https://www.businesstoday.in/markets/trending-stocks/story/esds-shares-surge-302-emerge-as-second-best-new-listing-stock-that-tops-the-list-557172-2026-09-23)
- 2026-09-22 — MONEYCONTROL: **AI infra capex is surging 65% for India’s ‘AI Enablers’: Goldman Sachs** — AI, infrastructure, Company, IT, india, capex — [Source](https://www.moneycontrol.com/news/business/markets/ai-infra-capex-is-surging-65-for-india-s-ai-enablers-goldman-sachs-14035331.html)
- 2026-09-22 — CNBC-TV18: **11:11 | India’s economy could triple in 10 years; Bitcoin surges past $87,000; Trump-Xi dinner draws tech chiefs** — JPMorgan CEO Jamie Dimon says India’s economy could triple over the next decade as the bank plans further expansion in the country. Bitcoin jumps above $87,000, while Microsoft’s Satya Nadella is set to join tech CEOs at the Trump-Xi state dinner. Plus, brokerage calls on Sansera Engineering and Mankind Pharma, rupee and gold moves, and more in today’s 11:11 roundup. — [Source](https://www.cnbctv18.com/business/india-economy-could-triple-in-10-years-bitcoin-surges-past-87000-trump-xi-dinner-draws-tech-chiefs-19995422.htm)
- 2026-09-22 — Mint: **Stock recommendations for 22 September from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 22 September. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-22-september-from-marketsmith-india-11789990893778.html)
- 2026-09-18 — Mint: **Maharatna PSU stock Power Grid to raise  ₹5,000 crore through bonds: Check issue size, tenure and details** — Power Grid Corporation of India plans to raise  ₹5,000 crore through a private bond placement, approved by its Committee of Directors. The bonds are unsecured and will be listed on BSE and NSE, with a 10-year tenure and annual redemptions starting after four years. — [Source](https://www.livemint.com/market/stock-market-news/maharatna-psu-stock-power-grid-to-raise-rs-5-000-crore-through-bonds-check-issue-size-tenure-and-details-11789728216600.html)
- 2026-09-18 — Mint: **Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital** — Adani Energy, Coal India, Tata Power, NTPC, and Power Grid are set to benefit from upcoming power transmission projects. According to PL Capital, CESC is expected to deliver the highest return of 54%, while NTPC and Power Grid also have positive outlooks. Check target price — [Source](https://www.livemint.com/market/stock-market-news/adani-energy-vs-cesc-vs-tata-power-vs-ntpc-vs-power-grid-which-stock-has-more-upside-target-price-by-pl-capital-11789725460017.html)
- 2026-09-17 — MONEYCONTROL: **Parag Parikh Flexi Cap inflows fall 72% since March: How has Rajeev Thakkar changed the Rs 1.47 lakh crore portfolio?** — Parag Parikh Flexi Cap Fund, Parag Parikh mutual fund, Rajeev Thakkar, flexi cap mutual funds, mutual fund inflows, Parag Parikh portfolio, PPFAS, mutual fund portfolio — [Source](https://www.moneycontrol.com/news/business/personal-finance/parag-parikh-flexi-cap-inflows-fall-72-since-march-how-has-rajeev-thakkar-changed-the-rs-1-47-lakh-crore-portfolio-14032014.html)
- 2026-09-15 — Mint: **From VBL, Power Grid to Paytm - 6 stocks experts recommend buying for the short term; do you own any?** — Experts suggest six stocks for short-term investment, including VBL and Paytm. These stocks show promising momentum despite current market volatility, providing opportunities for investors willing to navigate the turbulence ahead. — [Source](https://www.livemint.com/market/stock-market-news/from-vbl-power-grid-to-paytm-6-stocks-experts-recommend-buying-for-the-short-term-do-you-own-any-11789451473678.html)
- 2026-09-12 — Times of India: **Tech glitch at Adani power unit hits Bangladesh grid** — South Asia News: DHAKA: Bangladesh's electricity supply Friday came under further strain, intensifying load shedding, after a technical \"glitch\" shut down one of the t. — [Source](https://timesofindia.indiatimes.com/world/south-asia/tech-glitch-at-adani-power-unit-hits-bangladesh-grid/articleshow/134099803.cms)
- 2026-09-11 — BUSINESSTODAY: **Paytm, Power Grid, Varun Beverages: Top stocks to trade — Check key levels, target price & stop loss** — Stocks to buy, Stock picks, Stocks to trade, trading views, Varun Beverages, Power Grid Corporation of India, One 97 Communications, Paytm, Varun Beverages shares, Power Grid Corp shares, Paytm shares, Varun Beverages share price, Power Grid Corp share price, Paytm share price, Varun Beverages stock price, Power Grid Corp stock price, Paytm stock price, Varun Beverages target price, Power Grid Corp target price, Paytm target price — [Source](https://www.businesstoday.in/markets/stocks/story/paytm-power-grid-varun-beverages-top-stocks-to-trade-check-key-levels-target-price-stop-loss-554744-2026-09-11)
- 2026-09-10 — BUSINESSTODAY: **Power stocks: Nuvama picks ACME Solar, NTPC, Power Grid; check target prices** — ACME Solar, NTPC, Power Grid, Nuvama Institutional Equities, power stocks, India power demand, electricity demand, thermal PLF, IEX, Acme Solar Holdings, NTPC, Power Grid Corporation of India, power sector, stock picks, target price, Buy rating, Hold rating — [Source](https://www.businesstoday.in/markets/stocks/story/power-stocks-nuvama-picks-acme-solar-ntpc-power-grid-check-target-prices-554670-2026-09-10)

## Business profile

**Strategic vision:** Electric power transmission utility operating national grid infrastructure.

### Business segments
- **Power Transmission:** Manages the design, construction, operation, and maintenance of high-voltage AC and HVDC transmission lines and substations.
- **Telecommunications (PowerTel):** Licenses national long-distance and internet service provider bandwidth, leasing dark fiber and colocation space on transmission towers to telecom carriers.
- **Consultancy Services:** Provides advisory and project execution services for power transmission, distribution networks, smart grids, and rural electrification programs globally.

### Competitive strengths
- Extensive high-voltage inter-state transmission system infrastructure
- Integrated telecom network leveraging existing power grid assets
- Global consultancy expertise derived from national grid operations

## Related stocks

- [NTPC Limited (Energy)](https://faxioms.com/stocks/ntpc) — +0.03%
- [Reliance Industries Limited (Energy)](https://faxioms.com/stocks/reliance) — +0.09%
- [Coal India Limited (Energy)](https://faxioms.com/stocks/coalindia) — +0.86%
- [Oil & Natural Gas Corporation Limited (Energy)](https://faxioms.com/stocks/ongc) — +0.82%
- [ABB India Limited (Energy)](https://faxioms.com/stocks/abb) — -0.25%

## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/powergrid
Markdown representation: https://faxioms.com/stocks/powergrid?render=md