Summary:
Power Grid reported an 8.4% YoY increase in Q2FY27 consolidated net profit to ₹3,866 crore, with revenue rising 3% to ₹11,816 crore. The company declared a ₹3 interim dividend, incurred ₹16,864 crore in H1 capital expenditure and strengthened its transmission project pipeline.
Power Grid Corporation of India Limited (NSE: POWERGRID, BSE: 532898) posted a consolidated net profit of ₹3,866.16 crore in Q2FY27, up 8.4% YoY from ₹3,566.08 crore in Q2FY26. The state-owned electricity transmission firm also declared first interim dividend of ₹3 per share for FY27 and capital expenditure of ₹16,864 crore during H1FY27.
Power Grid Q2FY27 Results: Profit rises by 8.4% YoY
Power Grid’s consolidated revenue from operations stood at ₹11,816.22 crore in the September quarter compared to ₹11,475.95 crore in the corresponding quarter of last year, a rise of 3% YoY.
Total income inclusive of other income increased by 3.3% YoY to ₹12,055.11 crore from ₹11,670.24 crore.
Consolidated expenses fell to ₹7,483.09 crore from ₹7,733.40 crore, helping profitability despite moderate revenue growth.
| Financial Parameters | Q2FY27 | Q2FY26 | YoY Change |
| Revenue from operations | ₹11,816.22 crore | ₹11,475.95 crore | +3.0% |
| Total income | ₹12,055.11 crore | ₹11,670.24 crore | +3.3% |
| Net profit | ₹3,866.16 crore | ₹3,566.08 crore | +8.4% |
| Profit before tax | ₹4,568.44 crore | ₹3,878.17 crore | +17.8% |
Consolidated profit rose 7.4% sequentially (QoQ) to ₹3,598.42 crore in Q1FY27.
Power Grid declares ₹3 Interim Dividend; Record date November 6
The company board has approved the first interim dividend of ₹3/- per equity share of face value ₹10/- for FY27.
Dividend is 30 per cent of the face value of the share.
Power Grid has set Friday, November 6, 2026 as the record date to determine the eligible shareholders. Payment is due Monday, November 30, 2026.
To be eligible for the dividend, shareholders must be holders of eligible shares as of the applicable record date.
The dividend announcement follows improved quarterly earnings and ongoing investment in electricity transmission infrastructure.
Capital Expenditure Hits ₹16,864 Crore in H1FY27
Power Grid’s consolidated capital expenditure was ₹16,864 crore in the six months ended September 30, 2026.
The company also capitalized assets worth ₹9,300 crore during the period, excluding foreign exchange rate variations but including finance lease assets.
Its consolidated gross fixed assets stood at ₹3,29,852 crore as on September 30, 2026.
The company's operational transmission network comprised of:
- Transmission lines: 1.87,576 circuit km
- Substations:293
- Transformation capacity : 649116 MVA
- Average availability of transmission system: 99.81%
Power Grid also won six transmission projects through competitive bidding in Q2FY27, further strengthening its infrastructure development pipeline.
What Happened To Power Grid Stock After Q2 Results?
Shares of Power Grid closed 1.02% higher at ₹267.70 on the NSE on Monday, November 2, 2026, against ₹265 in the previous session.
The stock hit an intra-day high of ₹270.20 and a low of ₹264.50.
The rise followed the company's announcement of better quarterly earnings and interim dividend of ₹3.
However, on Nov. 3, shares were down about 1% in early trading, erasing some of the gains from the previous session.
Future performance will be driven by transmission project delivery, asset commissioning, regulated returns and capital expenditure.
Power Grid’s project pipeline and asset additions will be a key factor to watch in coming quarters given the continued investment in electricity transmission infrastructure.
