Power Grid shares rally over 4% as board fixes record date for first dividend of FY27; check details

The state-owned firm fixed a record date of November 6, 2026, for ascertaining the eligibility of the shareholders for payment of its first interim dividend of fiscal year 2026-27 (FY27).

The company’s board of directors will meet on November 1 to consider and approve the financial results for the quarter and half year ended September 30, 2026. Along with the earnings, the firm will also declare its first interim dividend for FY27.

The Maharatna PSU firm had recorded a 0.8% decline in its consolidated net profit to ₹3,598 crore for the April to June quarter of the financial year 2026-27, in comparison to ₹3,631 crore in the same period a year earlier.

Amid the 2.6% flat Q1 revenue growth, the company's earnings were also impacted due to higher tax expenses in the period under review.

Data showed that the company’s tax expenses increased 1.7%, while the profits were also impacted by the movement in regulatory deferral account balances in the period.

Despite the subdued earnings growth, the company’s operational-level earnings before interest, tax, depreciation, and amortisation (EBITDA) advanced 4.2%, while the margins improved by 125 basis points in the June quarter.

Power Grid share price trends

At 1:18 PM, Power Grid shares were trading at ₹260.45 apiece on the National Stock Exchange, gaining 3.6%.

From the beginning of the year, Power Grid shares have slipped 2.4%. Over a month’s time, the stock has lost 0.4%, while for a six-month period, it has declined 19%.

Shares of the firm had hit a 52-week high of ₹324.95 on April 27, 2026, and a 52-week low of ₹242.3 on October 23, 2026.

According to NSE data, as of October 29, 2026, Power Grid has a total market capitalisation of ₹2.42 lakh crore.