Power Grid shares fall 3% as net profit declines to ₹3,566 crore; check all Q2 numbers

Power Grid Corporation of India reported a consolidated net profit of ₹3,566 crore in the second quarter of the current financial year (Q2 FY26), marking a decline of 6% from ₹3,793 crore in the same period last year.

The state-run power transmission company’s revenue from operations rose nearly 2% in the July-September period to ₹11,476 crore from ₹11,278 crore in the year-ago period.

The company reported weak operational performance, as its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, slipped 6% to ₹9,114 crore as compared to ₹9,701 crore year-on-year (YoY).

Its margin contracted 79.4% from 86% in the corresponding period last year.

Along with the earnings, Power Grid’s board of directors has approved the payment of the first interim dividend of ₹4.50 per equity share of ₹10 each (equivalent to 45% of the paid-up equity share capital) for FY26.

The company has set November 10, 2025, as the record date for determining shareholders eligible for the interim dividend. The first interim dividend will be paid to eligible members on December 1, 2025.

The power transmission firm has also approved raising funds of up to ₹6,000 crore through an unsecured rupee term loan or line of credit (bank facility) from the State Bank of India (SBI).

At 12:30 PM, Power Grid shares were trading at ₹280.10 apiece on NSE, declining 2.74%.

Over the last five trading days, shares of the firm have lost 3.3%. Since May 6, 2025, which is six months, the stock has fallen 2.4%. Year-to-date, it has declined 10%.

The company’s market capitalisation stands at ₹2.60 lakh crore.

Shares of the firm had touched their one-year high of ₹345.40 apiece on November 25, 2024, while their 52-week low of ₹247.30 was hit on February 28, 2025.

Power Grid is one of India’s leading power transmission companies and among the largest transmission utilities globally. It operates a network of around 176,343 circuit km of transmission lines and 275 substations, playing a vital role in strengthening and developing the country’s power infrastructure.