POWERGRID Reports 8.4% Rise In Q2 Consolidated Net Profit, Board Approves ₹3.00 Interim Dividend
· Free Press Journal
Mumbai: Power Grid Corporation of India Ltd (POWERGRID) on Friday, 1 November 2026, reported a consolidated net profit of ₹3,866.16 crore for the quarter ended 30 September 2026. This is an increase of 8.4 per cent compared to ₹3,566.08 crore in the same quarter of the previous financial year.
Interim Dividend Declared
The Board of Directors approved a first interim dividend of ₹3.00 per equity share for the financial year 2026-27. The record date for this dividend is Friday, 6 November 2026, with payment to members scheduled for Monday, 30 November 2026.
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POWERGRID Holds 37th AGM, Management Outlines Growth and Technology PlansRevenue From Operations
Consolidated revenue from operations for the quarter stood at ₹11,816.22 crore, a 2.97 per cent increase from ₹11,475.95 crore reported in the quarter ended 30 September 2025. Total consolidated income for the quarter was ₹12,055.11 crore.
Other Financial Metrics
Total expenses for the quarter decreased to ₹7,483.09 crore from ₹7,733.40 crore in the corresponding period last year. Consolidated basic and diluted earnings per share (EPS) for the quarter ended 30 September 2026, including movement in Regulatory Deferral Account Balances, were ₹4.16.
Half-Yearly Performance
For the half-year ended 30 September 2026, the company's consolidated net profit was ₹7,464.58 crore. This marks a 3.72 per cent increase from ₹7,196.66 crore in the corresponding half-year of the previous financial year. Revenue from operations for the half-year increased to ₹23,312.94 crore from ₹22,672.17 crore.
Prime Minister dedicates POWERGRID's two transmission projects and lays foundation stone for one project in Andhra PradeshDivestment Approvals
POWERGRID's Board approved the divestment of its entire equity stake in Central Transmission Utility of India Limited (CTUIL) to Grid Controller of India Limited (GRID-INDIA). This follows an in-principle approval granted on 9 March 2026. The company also received approval from DIPAM for the sale of its stake in joint ventures including Torrent Power Grid Limited and Sikkim Power Transmission Limited.
Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes.