Power
Power Grid Corporation of India reports rise in second-quarter profit
State-owned Power Grid Corporation of India has announced an eight per cent growth in consolidated net profit for the second quarter.
Key points
- Consolidated net profit reached Rs 3,866.16 crore for the September quarter.
- Total income increased to Rs 12,055.11 crore compared to the previous year.
- The board approved an interim dividend of Rs 3 per equity share.
What happened
According to TradingView, the Power Grid Corporation of India released its financial results for the quarter ending September 30, 2026. The state-run utility reported a consolidated net profit of Rs 3,866.16 crore, marking an increase of over eight per cent from the Rs 3,566.08 crore recorded during the same period in 2025. Total income for the reporting period climbed to Rs 12,055.11 crore, up from Rs 11,670.24 crore a year earlier.
Alongside the financial results, the company administration sanctioned an interim dividend payment for the 2026-27 financial year, set at Rs 3 for each equity share valued at Rs 10. Shareholders on the register by November 6, 2026, will receive the payout on November 30, 2026. Operational disclosures showed total capital expenditure reaching Rs 16,864 crore alongside asset capitalization valued at Rs 9,300 crore up to September 30, 2026. Gross fixed assets on a consolidated basis totaled Rs 3,29,852 crore.
Infrastructure metrics at the close of the second quarter indicated a network comprising 1,87,576 circuit kilometres of transmission lines, 293 substations, and a transformation capacity of 6,49,116 MVA. The utility sustained an average transmission system availability rate of 99.81 per cent throughout the period.
Why it matters
Grid reliability and financial stability in major emerging markets offer important benchmarks for infrastructure investors and power sector regulators across developing economies. World Bank figures indicate that India achieved an electricity access rate of 99.9 per cent in 2024, alongside an electricity use per person of 1,222.8 kWh, demonstrating the immense scale required to maintain continuous power transmission for a vast population. As African nations work to expand their own transmission networks and improve grid availability, the operational performance and capital expenditure strategies of large state-backed entities like Power Grid Corporation provide valuable reference points for scaling up reliable electricity delivery and attracting long-term infrastructure investment.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Grids decide whether generation becomes power that homes and businesses can rely on. Generation mix, transmission and distribution losses, and tariffs together shape reliability and the case for investment.
99.9% of people in India had electricity in 2024Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
