Power Grid Posts Q1 FY26 Results: Total Income Reaches 11,370.04 Crore Standalone; Consolidated Profit Stands at 3,598.42 Crore
Power Grid Corporation of India Limited (PGCIL), a Government of India Enterprise, has released its Unaudited Financial Results for the first quarter ended June 30, 2026. The results show movement across both standalone and consolidated entities.Standalone Financial Performance Review
For the quarter ended June 30, 2026 (Q1 FY 2026-27), Power Grid's standalone entity reported a Total Income of 11,370.04 Crore. This figure is lower compared to the previous fiscal year's Q1 income of 11,256.88 Crore, but remains above the Q4 FY 2025-26 audited total income (46,995.88 Crore).Key operational indicators for the standalone entity included:
- Revenue From Operations: 9,795.40 Crore (Q1 FY26-27) compared to 9,971.09 Crore in Q4 FY2025-26.
- Total Income: 11,370.04 Crore.
- Total Expenses: 7,123.72 Crore.
The company reported a Profit before Tax and Regulatory Deferral Account Balances of 4,246.32 Crore. Net Profit for the period was 3,410.95 Crore. Total Comprehensive Income stood at 3,451.02 Crore.
Consolidated Financial Overview
On a consolidated basis, Power Grid recorded a Total Income of 11,696.72 Crore in Q1 FY 2026-27. This is slightly higher than the corresponding quarter in 2025 (11,444.42 Crore).Consolidated operating figures include:
- Revenue From Operations: 11,496.72 Crore.
- Total Income: 11,696.72 Crore.
- Total Expenses: 7,111.66 Crore.
- Net Profit for the Period (Consolidated): 3,598.42 Crore.
The consolidated entity recorded a Total Comprehensive Income of 3,527.21 Crore.
Financial Health and Ratios Analysis
The financial stability metrics across both standalone and consolidated results were reported. Key ratios from the unaudited results are detailed in the table below:| Financial Metric | Standalone (Q1 FY26-27) | Consolidated (Q1 FY26-27) |
|---|---|---|
| Total Income (in Crore) | 11,370.04 | 11,696.72 |
| Net Profit after Tax (in Crore) | 3,410.95 | 3,598.42 |
| Earnings per Equity Share (Basic & Diluted) | 3.67 | 3.87 |
| Total Borrowings (in Crore) | 145,586.45 | 145,586.45 |
| Debt to Equity Ratio | 1.41 | 1.40 |
| Debt Service Coverage Ratio (DSCR) | 1.36 | 1.46 |
| Interest Service Coverage Ratio (ISCR) | 3.52 | 4.32 |
| Current Ratio | 0.60 | 0.57 |
Segment Performance Highlights
The company's operations are divided across various segments, including Transmission and Consultancy. Revenue breakdown for the standalone entity showed:| Segment | Q1 FY26-27 Revenue (in Crore) |
|---|---|
| Transmission | 9,704.30 |
| Consultancy | 226.66 |
| Total Revenue including allocable Other Income | 9,930.96 |
Financial Position and Corporate Updates
The financial results reflect the company's continuous operational activity alongside several significant corporate actions:- Divestment: The Board of Directors had accorded in principle approval for the divestment of the entire equity stake in Central Transmission Utility of India Limited (CTUIL), a wholly-owned subsidiary, to Grid Controller of India Limited (GRID-INDIA).
- Merger/Amalgamation: Approval was granted by the Board of Directors for schemes of arrangement involving various subsidiaries for merger/amalgamation with Powergrid Ghiror Transmission Limited.
- Joint Venture Status: The company's stake in Torrent Power Grid Limited reduced to 9.75% and ceased to be a Joint Venture (JV) as of May 30, 2025, following the JV partner infusing additional equity.
The financial results were reviewed by statutory auditors, and the company affirmed that no funds were raised through bond issuance during the quarter ended June 30, 2026, in line with its utilization statement submitted to IDBI Trusteeship Services Limited.
POWERGRID Stock Price Movement
Power Grid Corporation of India Limited saw its shares slip by 0.58% to settle at ₹281.75 on Wednesday, after shedding ₹1.65 from the previous close. The stock traded during a period of caution, with over 7.54 million shares transacting throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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