Power Grid Posts Q1FY27 Results; Revenue grows 2% While Capital Works In Hand Reach ₹1.75 Lakh Crore

Power Grid Posts Q1FY27 Results; Revenue grows 2% While Capital Works In Hand Reach ₹1.75 Lakh Crore​

Power Grid Corporation of India Limited reported its financial performance for the first quarter of FY27, highlighting a focus on expanding grid infrastructure and strategic projects across India. The company's operational scale remains significant, with total gross fixed assets surpassing ₹3.25 lakh crore.

The Q1FY27 results show stable income growth. Consolidated total income stood at 11,697,000 in the quarter, marking a 2% variance compared to the previous year (Q1FY26). The company's consolidated EBITDA Gross Margin was reported at 9,581,000, showing a 1% increase from Q1FY26. Profit After Tax (PAT) for the company stood at 3,598,000 in the consolidated view.


On a standalone basis for Q1FY27, total income was 11,370,000 compared to 11,257,000 in the previous year, a 1% increase. The Profit After Tax (PAT) for the standalone entity was 3,411,000, reflecting a 7% decline from Q1FY26.

Assets and Operational Scale​

Power Grid maintains substantial infrastructure backing its operations. The company holds 1,86,595 ckm of transmission lines across 1,595 lines, with a transformation capacity of 6,34,516 MVA. These metrics are backed by Gross Fixed Assets on the consolidated basis amounting to ₹3.25 lakh crore.

In terms of project execution, the company commissioned major elements during Q1FY27, including the 400 kV Gadag II - Koppal || PS and various 765 kV/400 kV transmission lines such as Kurnool III - Maheshwaram Ckt 1 & 2.

Growth Pipeline and CAPEX Guidance​

Looking ahead, Power Grid has guidance regarding future capital expenditure and project pipeline development. The company set a CAPEX guidance of ₹37,000 crore for FY27 and capitalization guidance at ₹30,000 crore for the same period. The total works in hand currently stand at approximately ₹1.75 lakh crore.

The bidding pipeline stands robustly above ₹1.19 lakh crore, comprising both Inter-State (ISTS) and Intra-State (InSTS) projects. Among the major projects under bidding are Rajasthan REZ Ph-IV (Part 5: 6 GW), Barmer Complex HVDC, Jam Khambhaliya REZ Ph-II, and Lakadia REZ Phase-II.

Strategic and ESG Commitments​

The company has made achievements in several strategic areas. Power Grid successfully secured the first SynCon TBCB scheme in India—a synchronous condenser unit project intended to provide reactive power support for a RE-heavy grid. This initiative is noted as a maiden foray into a new asset class that enhances System Strength and Grid Inertia.

In terms of sustainable commitments, Power Grid reported achieving 50% electricity from Renewable Energy (RE) consumption of its total electricity by the end of 2025. Furthermore, the company has achieved over 90% in diverting waste from landfill through recycle and reuse, demonstrating progress toward its target of becoming zero-waste to landfill by 2030.

POWERGRID Stock Price Movement​

As of 11:15 AM, shares of Power Grid Corporation of India Limited are edging higher to ₹271.6 as they gain 0.31%. The stock trades within a tight intraday range, currently moving between ₹268.35 and ₹271.95 amidst robust buying interest.