Power Grid Corp Q3 FY26: Revenue Up 7%, PAT Increases 7% to ₹4,160 Crore
Power Grid Corporation reported a 7% rise in Q3 FY26 revenue to ₹12,436 crore and a 7% increase in PAT to ₹4,160 crore. Consolidated PAT grew 8% to ₹4,185 crore. Gross Fixed Assets surpassed ₹3 lakh crore. FY26 CAPEX is projected to exceed ₹32,000 crore. The company aims to achieve over ₹22,000 crore in capitalization.
The announcement includes detailed financial results, significant CAPEX plans, a strong project pipeline, and strategic initiatives like battery storage and international partnerships, which are material to investors and the company's future growth.
The company reported positive financial results with increased revenue and profit, exceeding previous year's performance. It also highlighted strong project execution, a robust future pipeline, and progress on ESG initiatives, indicating positive future prospects.
Power Grid Corporation of India Limited (POWERGRID) held an Analysts' and Institutional Investors' Meet on February 2, 2026, to discuss its performance for the quarter and nine months ended December 31, 2025. The company announced a 7% increase in total income for Q3 FY26, reaching ₹12,436 crore from ₹11,609 crore in the previous year. Profit After Tax (PAT) for the quarter also saw a 7% rise, from ₹3,894 crore to ₹4,160 crore.
On a consolidated basis, total income grew by 7% to ₹12,599 crore in Q3 FY26, while PAT increased by 8% to ₹4,185 crore. For the nine-month period, consolidated income rose by 2% to ₹35,714 crore, with PAT remaining stable at ₹11,382 crore due to a one-time income in the previous year.
POWERGRID's Gross Fixed Assets crossed ₹3 lakh crore, reaching ₹3,04,336 crore on a consolidated basis. The company reported that its FY26 CAPEX is on track and likely to exceed guidance, with ₹29,200 crore already achieved and a target to exceed ₹32,000 crore by March 2026. Capitalization for the nine months stood at ₹18,700 crore, with a target to achieve over ₹22,000 crore for the year.
The company highlighted its commitment to ESG initiatives, including commissioning its first 400 kV/220 kV 315 MVA transformers using synthetic ester oil and achieving its target of 50% power consumption from renewable sources by December 2025. POWERGRID also ventured into its first Battery Energy Storage project on a Build-Own-Operate basis in Andhra Pradesh and partnered with Africa50 in Kenya for transmission projects.
Looking ahead, POWERGRID anticipates significant opportunities driven by India's economic growth, industrialization, and urbanization, including demand for EVs, green hydrogen, and data centers. The company has a robust project pipeline of ₹1,95,000 crore, with ₹1,09,000 crore won through Tariff Based Competitive Bidding (TBCB). Future CAPEX guidance includes ₹37,000 crore for FY27 and ₹45,000 crore for FY28, with corresponding capitalization targets of ₹30,000 crore and ₹35,000 crore.
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Power Grid Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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