About the company:
Power Grid Corporation of India Limited (POWERGRID) is a central public sector enterprise under the Ministry of Power, Government of India, responsible for the transmission of electricity across the country. It operates a vast network of high-voltage transmission lines, ensuring reliable and efficient power supply from generating stations to distribution networks. POWERGRID plays a key role in grid management, interstate power transmission, and integrating renewable energy sources into the national grid. With its advanced infrastructure and technologies, it contributes significantly to India’s energy security and development.
Operational & Business Performance:
Transmission system availability maintained at 99.81%
1,399 circuit km of transmission lines and 9,185 MVA capacity of transformers commissioned in Q3
Won 7 ISTS TBCB projects worth ₹2,077 crores, including key RE and evacuation projects
Future Growth & CapEx Outlook:
₹1,47,000 crores worth of transmission works in hand
FY25 CapEx target ₹23,000 crores, expected to increase to ₹28,000-30,000 crores in FY26
Long-term pipeline includes HVDC, green energy corridors, and international interconnections
New Developments & Sustainability Initiatives:
First $200 million Green Loan Agreement with Sumitomo Mitsui Banking Corporation
Implementation of Dynamic Line Loading & e-Vegetation Management for transmission efficiency
Collaboration with EPRI (USA) for R&D in power transmission
Plan to achieve 50% renewable energy consumption by 2025
Challenges & Risks:
Issues in land acquisition & equipment supply causing project delays
Regulatory changes impacting revenue from operations
Ongoing right-of-way (RoW) challenges in transmission line projects
Dividend & Monetization:
Interim dividend at ₹7.75/share, expected to be around ₹9/share for FY25
No new asset transfers to Power Grid InvIT due to National Monetization Pipeline (NMP) guidelines
Overall, Power Grid remains optimistic about future growth, with robust execution, a strong pipeline of projects, and a rising CapEx plan to meet India’s expanding power transmission needs.
Power Grid Financial Performance – Last 3 Quarters (FY25)
| Financial Metric | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Total Income (Standalone) | ₹11,609 crores | ₹11,379 crores | ₹10,855 crores |
| Total Income (Consolidated) | ₹11,743 crores | ₹11,581 crores | ₹11,545 crores |
| Profit After Tax (Standalone) | ₹3,894 crores | ₹3,672 crores | ₹3,451 crores |
| Profit After Tax (Consolidated) | ₹3,862 crores | ₹3,756 crores | ₹3,761 crores |
| EBITDA | ₹10,148 crores | ₹9,908 crores | ₹10,092 crores |
| Transmission Charges Revenue | ₹10,805 crores | ₹10,472 crores | ₹11,091 crores |
| CapEx (Quarterly) | ₹7,649 crores | ₹6,802 crores | ₹3,200 crores |
| Capitalization (Quarterly) | ₹3,417 crores | ₹2,857 crores | ₹1,149 crores |
Recent updates:
Highlights from last con call:
Strong Financial Performance:
Revenue: ₹11,609 crores (Standalone), ₹11,743 crores (Consolidated)
Profit After Tax (PAT): ₹3,894 crores (Standalone), ₹3,862 crores (Consolidated)
Nine-month total income: ₹33,843 crores (Standalone), ₹34,869 crores (Consolidated)
CapEx: ₹17,651 crores for nine months (YoY increase)