Power Grid Corporation of India Limited ( company name ) has made the audio and video recordings of its Q1FY27 results webinar available to investors and analysts. The session, originally scheduled for Friday, August 7, 2026, at 11:00 AM IST, concluded with senior management discussing the company’s financial performance and business outlook following the declaration of results for the first quarter ended June 30, 2026. This update ensures that stakeholders who could not attend the live event can still access detailed insights into operational metrics and strategic direction.

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was submitted to the National Stock Exchange of India Limited and BSE Limited on August 7, 2026, confirming the availability of the recording links. This procedural step completes the mandatory post-results engagement cycle for the quarter.

Webinar Recording Access

The webinar was organized in collaboration with ICICI Securities. Key executives from Power Grid Corporation of India Limited participated in the session, addressing queries regarding revenue drivers, capital expenditure plans, and grid expansion updates relevant to the Q1FY27 period.

Investors can now access the full session through the official links provided in the exchange filing:

• Audio Link: Available via the official notice
• Video Link: Available via the official notice

Regulatory Compliance and Contact Information

The disclosure adheres to SEBI’s listing obligations, ensuring timely communication of material information to the market. The Company Secretary & Compliance Officer, Anjana Luthra, signed the notice dated August 7, 2026.

For further information or registration assistance regarding future events, investors may contact the designated representatives from ICICI Securities:

• Mohit Kumar: +91 22 6807 7419, kumar.mohit@icicisecurities.com
• Mahesh Patil: +91 22 6807 7230, mahesh.patil@icicisecurities.com

This structured engagement underscores the company’s commitment to transparency and investor relations as it navigates the early stages of FY27.

Power Grid Corporation of India reported a consolidated net profit of ₹3,598.42 crore for the first quarter ended June 30, 2026, marking a 0.9% decline from ₹3,630.58 crore in the corresponding period last year. Standalone net profit fell 6.6% year-on-year to ₹3,410.95 crore, primarily driven by reduced provisional income recognition on transmission assets awaiting tariff orders. The results were approved by the Board of Directors on August 5, 2026, and filed pursuant to Regulations 30, 33(3)(a), and 52(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated revenue from operations declined 2.7% year-on-year to ₹11,496.72 crore, while standalone revenue slipped to ₹9,795.40 crore from ₹9,928.23 crore in the prior year period. Statutory auditors ASA & Associates LLP, Sagar & Associates, Jain Paras Bilala & Co., and G.D. Apte & Co. conducted limited reviews of both standalone and consolidated statements, issuing unmodified conclusions.

Financial Performance Highlights

Consolidated total income increased 2.2% YoY to ₹11,696.72 crore from ₹11,444.42 crore. Standalone total income rose marginally by 1.0% YoY to ₹11,370.04 crore, supported by higher other income which jumped 18.5% to ₹1,574.64 crore. However, this was offset by a contraction in core operating revenues. On a standalone basis, EBITDA stood at ₹8,110 crore against ₹8,120 crore in the year-ago period, with the EBITDA margin improving to 82.80% from 81.77% YoY, reflecting tighter cost management despite the revenue decline.

The following table summarises the key financial metrics for the quarter:

Segment and Operational Analysis

The Transmission segment remains the primary revenue driver, contributing ₹10,929.16 crore (consolidated) and ₹9,704.30 crore (standalone) in segment revenue. Consolidated transmission profit before interest and tax stood at ₹6,361.20 crore, largely stable against ₹6,328.06 crore in the prior year. Provisional income recognition saw a notable decline — provisional transmission income recognized under CERC Tariff Regulations fell to ₹530.43 crore (consolidated) from ₹621.80 crore in the prior year, indicating fewer assets in the pipeline awaiting final tariff orders. Conversely, income recognized per CERC tariff orders increased to ₹9,039.95 crore from ₹8,842.50 crore, reflecting a maturing asset base transitioning to finalized tariff regimes.

Balance Sheet and Regulatory Updates

Total borrowings remained steady at ₹1,45,586.45 crore, resulting in a consolidated debt-equity ratio of 1.40, down slightly from 1.47 at the end of FY26. The debt service coverage ratio improved to 1.46 from 1.06 in the corresponding quarter last year, signaling better cash flow generation relative to debt obligations. The Board had previously approved schemes of arrangement for the merger of several wholly-owned subsidiaries into Powergrid Ghiror Transmission Limited and Powergrid South Olpad Transmission Limited under Sections 230-233 of the Companies Act, 2013. Investments in Joint Ventures — Torrent Power Grid Limited, Sikkim Power Transmission Limited, and Parbati Koldam Transmission Company Limited — are classified as 'assets held for sale' following board approvals for divestment. Central Transmission Utility of India Limited is also marked for divestment to Grid Controller of India Limited.

What the Numbers Show

A key divergence between standalone and consolidated performance is notable in other income: standalone other income surged 18.5% YoY, while consolidated other income dropped 19.6% to ₹200.00 crore. This suggests the standalone entity benefited from specific non-operating gains not reflected at the group level, possibly linked to inter-company eliminations or specific subsidiary performances. The improvement in standalone EBITDA margin to 82.80% from 81.77% indicates effective cost discipline, even as the reduction in provisional income recognition (₹530.43 crore vs ₹621.80 crore) signals that more projects are moving to finalized tariff regimes, reducing short-term revenue volatility.