Power Grid Corporation reported Q2 FY27 net profit of ₹9,616 Cr on revenue of ₹45,799 Cr, with profit up +43.2% year-on-year and short of street estimates. The stock rose sharply in reaction as investors weighed the margin trend and management's outlook for the rest of the year.
Last 8 quarters / 3 years
| Period | Revenue | Net Profit | EPS | YoY | QoQ |
|---|---|---|---|---|---|
| Q3 FY25 | ₹36,982 Cr | ₹8,657 Cr | ₹9.32 | — | — |
| Q4 FY25 | ₹36,755 Cr | ₹6,877 Cr | ₹7.41 | — | -20.6% |
| Q1 FY26 | ₹37,313 Cr | ₹7,482 Cr | ₹8.06 | — | +8.8% |
| Q2 FY26 | ₹37,603 Cr | ₹6,713 Cr | ₹7.23 | — | -10.3% |
| Q3 FY26 | ₹38,317 Cr | ₹8,847 Cr | ₹9.53 | +2.2% | +31.8% |
| Q4 FY26 | ₹40,657 Cr | ₹9,495 Cr | ₹10.23 | +38.1% | +7.3% |
| Q1 FY27 | ₹43,736 Cr | ₹9,637 Cr | ₹10.38 | +28.8% | +1.5% |
| Q2 FY27 | ₹45,799 Cr | ₹9,616 Cr | ₹10.36 | +43.2% | -0.2% |
Last 4 quarters
Power Grid Corporation announced an interim dividend, with the record date set for later this month. The payout is consistent with the company's stated capital-return policy.
Power Grid Corporation reported revenue and profit broadly in line with Street expectations, with management flagging stable demand and a healthy order pipeline into the second half.
Several brokerages maintained a positive stance on Power Grid Corporation, citing improving return ratios and a clearer growth runway, while a few flagged valuations as the key risk.
Power Grid Corporation entered a strategic partnership to widen its addressable market. Management expects the tie-up to contribute modestly to revenue over the next few quarters.
In an exchange filing, Power Grid Corporation said its board cleared a multi-year investment to expand capacity, aimed at meeting demand and improving operating leverage over the medium term.
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Power Transmission
| Company | P/E | 1Y |
|---|---|---|
| NTPC ₹3,73,000 Cr | 68.4 | +28.6% |
| Adani Green Energy ₹1,66,000 Cr | 64.2 | +25.5% |
Power Grid Corporation is a leading Indian company in the power transmission space within the Power sector. It is a constituent of the Nifty 50 and is actively tracked by institutional and retail investors.