The state-run company’s profit for the period stood at ₹3,598.42 crore for the quarter ended June 30, down 0.9% from ₹3,630.58 crore in the corresponding period last year.
However its revenue from operations rose 2.7% year-on-year to ₹11,496.72 crore, compared with ₹11,196.22 crore in the year-ago quarter.
POWERGRID posts Profit After Tax (PAT) of ₹3,598 Crore and Total Income of ₹11,697 Crore for #Q1FY27 on Consolidated Basis. #TransmittingPowerTransformingLives pic.twitter.com/AAsdBwH1H6
— POWERGRID (@pgcilindia) August 5, 2026
Segment wise, the central public sector undertaking said that the transmission business, the company’s largest segment, reported revenue of ₹10,929.16 crore in the June quarter, up from ₹10,694.66 crore a year ago.
Consultancy revenue increased to ₹518.73 crore from ₹405.92 crore, while telecom revenue declined to ₹251.77 crore from ₹289.49 crore in the corresponding quarter last year.
Company’s total expenses increased to ₹7,111.66 crore in the June quarter from ₹7,114.23 crore a year earlier.
Capex plan approved
In an separate exchange filings, firm said that its Committee of Directors on Investment on Projects has approved an investment of ₹856.94 crore for the “Reconductoring of Tirunelveli–Udumalpet and Pugalur–Madurai 400 kV double-circuit lines with HTLS conductor” project.
The company said the project will be booked under Additional Capital Expenditure.
The transmission project is scheduled to be commissioned within 24 months from the date of allocation, with the target completion date set for February 11, 2028, according to the company’s regulatory filing.
Shares of Power Grid Corporation of India ended 0.49% lower at ₹282 apiece on the NSE ahead of the earnings announcement on Wednesday.
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(Edited by : Ajay Vaishnav)
