Power Grid Corporation of India has reported its audited financial results for the financial year ended March 31, 2026. The board of directors, in its meeting held on May 15, 2026, approved the standalone and consolidated financial results for the year, recommended a final dividend, and also approved raising funds of up to Rs 5,000 crore through an unsecured rupee term loan. The statutory auditors have issued an unmodified opinion on both the standalone and consolidated financial statements for the year ended March 31, 2026.

Q4 Performance Highlights

For the fourth quarter, Power Grid Corporation reported standalone net profit of Rs 4,552.80 crore, compared to Rs 4,336.17 crore in the same period last year. Q4 revenue stood at Rs 11,954.70 crore compared to Rs 12,482.39 crore in the corresponding quarter of the previous year. The Earnings Per Share (EPS) for the quarter was Rs 4.90, compared to Rs 4.66 in the year-ago period. On the operational front, Q4 EBITDA came in at 75b Rupees versus 92b Rupees in the year-ago period, with the EBITDA margin contracting to 75.21% from 83.98% year-on-year.

The key Q4 metrics are summarised below:

Full-Year Financial Performance

For the financial year 2025-26, the company reported a standalone net profit of Rs 15,921.00 crore on a total income of Rs 46,995.88 crore. In the corresponding previous year, the net profit stood at Rs 15,353.57 crore on a total income of Rs 46,325.32 crore. The profit for the period before tax and regulatory deferral account balances was Rs 16,759.10 crore for the current year, compared to Rs 18,338.81 crore in the previous year. On a consolidated basis, the net profit for the year was Rs 15,927.95 crore, while total income was Rs 47,684.43 crore. In the previous year, the consolidated net profit was Rs 15,521.44 crore on a total income of Rs 47,459.38 crore.

The full-year standalone financial metrics are presented below:

Segment-Wise Performance

The company operates primarily through Transmission and Consultancy segments. For the full year, standalone segment revenue from Transmission stood at Rs 40,407.31 crore and Consultancy at Rs 1,248.22 crore. On a consolidated basis, segment revenue from Transmission was Rs 44,082.74 crore, Consultancy Rs 2,347.36 crore, and Telecom Rs 1,195.07 crore. The consolidated segment-wise profit before interest and tax for the full year was Rs 26,353.13 crore from Transmission, Rs 403.38 crore from Consultancy, and Rs 565.99 crore from Telecom.

The transmission income for the year ended March 31, 2026 comprised Rs 37,682.11 crore recognised as per tariff orders issued by the Central Electricity Regulatory Commission (CERC) and Rs 1,244.67 crore recognised provisionally as per CERC Tariff Regulations in respect of transmission assets for which tariff orders are yet to be issued. Consequent to final orders issued by CERC, transmission income also includes Rs 617.46 crore (increase) pertaining to earlier years.

Dividend Declaration

The board has recommended a final dividend of Rs 1.25 per equity share of Rs 10 each, which is 12.50% of the paid-up equity share capital for the financial year 2025-26. This is in addition to the first interim dividend of Rs 4.50 per share paid on December 1, 2025, and the second interim dividend of Rs 3.25 per share paid on February 27, 2026. The total dividend for the financial year aggregates to Rs 9.00 per share. The final dividend is subject to the approval of shareholders at the ensuing Annual General Meeting and will be paid within 30 days from the date of its declaration at the AGM.

Fundraise Approval

In addition to the financial results and dividend recommendation, the board also approved raising funds through an unsecured rupee term loan or line of credit (bank facility) of up to Rs 5,000 crore. The fundraise will be executed through a competitive bidding process from the company's present consortium of bankers and existing lenders.

Key Operational and Balance Sheet Metrics

The company's net worth stood at Rs 99,928.61 crore and total borrowings were Rs 1,48,009.01 crore as of March 31, 2026. On a consolidated basis, net worth was Rs 1,00,494.03 crore and total borrowings were Rs 1,48,009.01 crore. The paid-up equity share capital stood at Rs 9,300.60 crore (face value Rs 10 per share). The Bonds Redemption Reserve as at March 31, 2026 stood at Rs 2,721.31 crore. The operating margin for the full year on a standalone basis was 98% and net profit margin was 39%.

The consolidated financial metrics for the full year are presented below:

Source: None/Company/INE752E01010/98a6662beda84cab.pdf

Power Grid Corporation of India has announced the promotion of three Chief General Managers to the position of Executive Director (ED), effective 15th May, 2026. The development was disclosed to the stock exchanges on 16th May, 2026, by Company Secretary & Compliance Officer Satyaprakash Dash, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The promoted executives — Shri Jiten Das, Shri Rajiv Gandhi, and Shri Sanjay Kumar Gupta — now hold Senior Management Personnel status, positioned one level below the Board of Directors.

Promotion Details at a Glance

The following table summarises the key details of the three promotions as disclosed under Regulation 30 of SEBI LODR:

Profiles of the Promoted Executives

Shri Jiten Das — Executive Director (CTUIL)

Shri Jiten Das brings more than three decades of experience spanning AC/DC substation maintenance, asset management, project execution, and system operations. He holds a BE degree in Electrical Engineering from Utkal University and an ME from BIT, Mesra. Over the course of his career, he has led major assignments in Patna, Pusauli, Vadodara, Kolkata, and Gurgaon. His areas of expertise include asset reliability, commercial functions, and CTUIL operations. Shri Das has made significant contributions to grid modernization efforts, transmission planning, and the strengthening of national power system reliability.

Shri Rajiv Gandhi — Executive Director (Engineering-Survey)

Shri Rajiv Gandhi has more than three decades of expertise in transmission line engineering, TBCB processes, project monitoring, and survey management. He is a BE (Electrical) graduate and holds a PGDM from MDI. His career has encompassed key assignments at the Corporate Office in Gurgaon, Regional HQ-Lucknow, and Mohanlal Ganj. Shri Gandhi has made notable contributions to transmission line engineering design and competitive bidding frameworks, and continues to strengthen POWERGRID's transmission survey capabilities, project precision, and strategic infrastructure development.

Shri Sanjay Kumar Gupta — COO (IB)

Shri Sanjay Kumar Gupta is an accomplished professional with over 30 years of experience in corporate planning, international business, and AC substation operations. He holds an Electrical Engineering degree along with advanced management qualifications from IIT Delhi, XLRI, and MDI. His career includes postings at the Corporate Planning Department of the Corporate Office in Gurgaon, Seoni sub-station, and Regional HQ-Secunderabad. Shri Gupta has significantly contributed to strategic planning and business development at both domestic and international levels, and continues to drive POWERGRID's international business initiatives, global partnerships, and business expansion.

Regulatory Disclosure

The promotions were formally communicated to the National Stock Exchange of India Limited and BSE Limited on 16th May, 2026, in accordance with Regulation 30 of SEBI LODR read with the SEBI Master Circular dated 30th January, 2026. The disclosure confirms that there are no relationships between the promoted executives and any directors of the company. The term of appointment for all three executives shall be governed by the Service Rules of POWERGRID.