POWER GRID CORPORATION OF INDIA
Quarterly Results Analysis [Mar2026]
POWER GRID CORPORATION OF INDIA Quarterly Results
| Consolidated | Mar2026 UnAudited |
Dec2025 UnAudited |
Sep2025 UnAudited |
Jun2025 UnAudited |
Mar2025 UnAudited |
Dec2024 Audited |
Sep2024 UnAudited |
Jun2024 UnAudited |
|---|---|---|---|---|---|---|---|---|
| Revenues | ₹11,666 Cr | ₹12,395 Cr | ₹11,476 Cr | ₹11,196 Cr | ₹12,275 Cr | ₹11,233 Cr | ₹11,278 Cr | ₹11,006 Cr |
| Expenses | ₹2,600 Cr | ₹1,742 Cr | ₹2,362 Cr | ₹2,049 Cr | ₹2,052 Cr | ₹1,695 Cr | ₹1,576 Cr | ₹1,404 Cr |
| Operating Income | ₹9,066 Cr | ₹10,653 Cr | ₹9,114 Cr | ₹9,147 Cr | ₹10,224 Cr | ₹9,538 Cr | ₹9,701 Cr | ₹9,602 Cr |
| Other Income | ₹305 Cr | ₹204 Cr | ₹194 Cr | ₹248 Cr | ₹315 Cr | ₹510 Cr | ₹568 Cr | ₹273 Cr |
| Interest | ₹2,175 Cr | ₹2,191 Cr | ₹2,148 Cr | ₹1,934 Cr | ₹2,303 Cr | ₹1,917 Cr | ₹2,441 Cr | ₹2,039 Cr |
| Depreciation | ₹3,295 Cr | ₹3,381 Cr | ₹3,223 Cr | ₹3,130 Cr | ₹3,196 Cr | ₹3,216 Cr | ₹3,292 Cr | ₹3,200 Cr |
| Profit Before Tax | ₹3,901 Cr | ₹5,285 Cr | ₹3,937 Cr | ₹4,330 Cr | ₹5,041 Cr | ₹4,914 Cr | ₹4,536 Cr | ₹4,637 Cr |
| Profit After Tax | ₹8,292 Cr | ₹3,973 Cr | ₹3,107 Cr | ₹3,462 Cr | ₹4,122 Cr | ₹3,824 Cr | ₹3,652 Cr | ₹3,757 Cr |
| EPS | ₹4.89 | ₹4.50 | ₹3.83 | ₹3.90 | ₹4.45 | ₹4.15 | ₹4.08 | ₹4.00 |
| Industry Peers & Returns | 1W | 1M | 1Y |
| POWER GRID CORPORATION OF INDIA | -0.3% | -9.6% | -1.8% |
| ADANI POWER | 0.1% | 1.5% | 111.2% |
| NTPC | -4.4% | -8.4% | 9.6% |
| ADANI GREEN ENERGY | 5.4% | 12.7% | 40.3% |
| ADANI ENERGY SOLUTIONS | 5.5% | 12.3% | 75.2% |
| TATA POWER COMPANY | -2.5% | -7.7% | 4.6% |
| JSW ENERGY | 0.2% | 2.8% | 20.9% |
| NTPC GREEN ENERGY | 1.3% | -6.8% | -9.4% |
| NHPC | -2.9% | -10.4% | -12.9% |
POWER GRID CORPORATION OF INDIA Quarterly Revenues
| Revenues | |
|---|---|
| Q-o-Q | -5.89 % |
| Y-o-Y | -4.97 % |
| Quarters | Revenues | % Change | |
|---|---|---|---|
| Mar2026 | ₹11,666 Cr | -5.89 | |
| Dec2025 | ₹12,395 Cr | 8.01 | |
| Sep2025 | ₹11,476 Cr | 2.50 | |
| Jun2025 | ₹11,196 Cr | -8.79 | |
| Mar2025 | ₹12,275 Cr | 9.28 | |
| Dec2024 | ₹11,233 Cr | -0.40 | |
| Sep2024 | ₹11,278 Cr | 2.47 | |
| Jun2024 | ₹11,006 Cr | - | |
POWER GRID CORPORATION OF INDIA Quarterly Operating Profit
| Operating Profit | |
|---|---|
| Q-o-Q | -14.90 % |
| Y-o-Y | -11.33 % |
| Quarters | Operating Profit | % Change | |
|---|---|---|---|
| Mar2026 | ₹9,066 Cr | -14.90 | |
| Dec2025 | ₹10,653 Cr | 16.89 | |
| Sep2025 | ₹9,114 Cr | -0.36 | |
| Jun2025 | ₹9,147 Cr | -10.53 | |
| Mar2025 | ₹10,224 Cr | 7.19 | |
| Dec2024 | ₹9,538 Cr | -1.68 | |
| Sep2024 | ₹9,701 Cr | 1.03 | |
| Jun2024 | ₹9,602 Cr | - | |
| Operating Margins | |
|---|---|
| Q-o-Q | -9.59 % |
| Y-o-Y | -6.70 % |
| Quarters | Operating Margin% | % Change | |
|---|---|---|---|
| Mar2026 | 77.71% | -9.59 | |
| Dec2025 | 85.95% | 8.22 | |
| Sep2025 | 79.42% | -2.78 | |
| Jun2025 | 81.69% | -1.92 | |
| Mar2025 | 83.29% | -1.91 | |
| Dec2024 | 84.91% | -1.29 | |
| Sep2024 | 86.02% | -1.41 | |
| Jun2024 | 87.25% | - | |
POWER GRID CORPORATION OF INDIA Quarterly Profit After Tax
| Profit After Tax(PAT) | |
|---|---|
| Q-o-Q | 108.74 % |
| Y-o-Y | 101.17 % |
| Quarters | Profit After Tax | % Change | |
|---|---|---|---|
| Mar2026 | ₹8,292 Cr | 108.74 | |
| Dec2025 | ₹3,973 Cr | 27.84 | |
| Sep2025 | ₹3,107 Cr | -10.25 | |
| Jun2025 | ₹3,462 Cr | -16.01 | |
| Mar2025 | ₹4,122 Cr | 7.79 | |
| Dec2024 | ₹3,824 Cr | 4.72 | |
| Sep2024 | ₹3,652 Cr | -2.80 | |
| Jun2024 | ₹3,757 Cr | - | |
| PAT Margins | |
|---|---|
| Q-o-Q | 121.78 % |
| Y-o-Y | 111.67 % |
| Quarters | PAT Margin(%) | % Change | |
|---|---|---|---|
| Mar2026 | 71.08 % | 121.78 | |
| Dec2025 | 32.05 % | 18.35 | |
| Sep2025 | 27.08 % | -12.42 | |
| Jun2025 | 30.92 % | -7.92 | |
| Mar2025 | 33.58 % | -1.35 | |
| Dec2024 | 34.04 % | 5.13 | |
| Sep2024 | 32.38 % | -5.16 | |
| Jun2024 | 34.14 % | - | |
POWER GRID CORPORATION OF INDIA Quarterly Earnings Per Share (EPS)
| EPS | |
|---|---|
| Q-o-Q | 8.67 % |
| Y-o-Y | 9.89 % |
| Quarters | EPS | % Change | |
|---|---|---|---|
| Mar2026 | ₹4.89 | 8.67 | |
| Dec2025 | ₹4.5 | 17.49 | |
| Sep2025 | ₹3.83 | -1.79 | |
| Jun2025 | ₹3.9 | -12.36 | |
| Mar2025 | ₹4.45 | 7.23 | |
| Dec2024 | ₹4.15 | 1.72 | |
| Sep2024 | ₹4.08 | 2.00 | |
| Jun2024 | ₹4 | - | |
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