Power Grid India Q2 net profit rises 8% to INR 3,866 crore; board declares interim dividend

Power Grid Corporation of India reported a year-on-year rise of over eight per cent in consolidated net profit for the September quarter. Profit came in at Rs 3866.16 crore, as per an exchange filing. Total income also increased to Rs 12,055.11 crore during the quarter. The figures covered the period ended September 30, 2026.

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The filing showed the company had posted consolidated net profit of Rs 3,566.08 crore in the quarter ended on September 30, 2025. Total income in that year-ago quarter stood at Rs 11,670.24 crore. The latest numbers therefore reflected gains in both earnings and income compared with the same period earlier.

Power Grid interim dividend record date and payment schedule

The board approved a first interim dividend of Rs 3 per equity share of Rs 10 each. The company said this worked out to 30 per cent of paid-up equity share capital. The record date was set as Friday, 6th November, 2026. The interim dividend was scheduled for payment on Monday, 30th November, 2026.

Power Grid capital expenditure and gross fixed assets

In a statement, the company said it incurred capital expenditure of Rs 16,864 crore till September 30, 2026. It also capitalised assets worth Rs 9,300 crore on a consolidated basis. This excluded FERV and included assets capitalised as finance lease. These details were reported alongside the quarterly results update.

Power Grid said Gross Fixed Assets on a consolidated basis stood at Rs 3,29,852 crore as on September 30, 2026. The figure included Gross Lease Receivables. The data provided a snapshot of asset levels at the end of the reporting date. It followed the update on capital spending and capitalised assets.

Power Grid transmission assets and system availability in Q2FY27

At the end of Q2FY27, the company and its subsidiaries had total transmission assets of 1,87,576 ckm of transmission lines. The network included 293 substations and 6,49,116 MVA of transformation capacity. These operating metrics were shared to indicate the scale of the group’s transmission system.

The company also reported average transmission system availability of 99.81 per cent till Q2FY27. The operational performance figure was presented with the network statistics. Along with the profit and income numbers, the update outlined dividends, asset additions, and the group’s system scale as of September 30, 2026.

With inputs from PTI