Power Grid Q4 | Profit beats Street rising 10%, other metrics fall short; declares dividend

Power Grid Corporation of India on Friday, May 15, reported a 9.7% year-on-year rise in consolidated net profit for Q4FY26, at ₹4,546.3 crore, beating the CNBC-TV18 poll estimate of ₹4,451 crore. Net profit stood at ₹4,143 crore in the corresponding quarter last year.

However, revenue from operations declined 5% year-on-year to ₹11,666 crore from ₹12,275 crore and came in below the CNBC-TV18 poll’s projected ₹12,859 crore.

EBITDA fell 11.3% to ₹9,066 crore against ₹10,224 crore a year ago, missing the poll estimate of ₹10,901 crore. EBITDA margin narrowed to 77.7% from 83% in the year-ago quarter and was lower than the estimated 84.28%.

The board recommended a final dividend of ₹1.25 per equity share for FY26, subject to shareholder approval at the upcoming AGM. The final dividend is in addition to the first interim dividend of ₹4.50 per share and second interim dividend of ₹3.25 per share already paid during the financial year.

The company also approved raising up to ₹5,000 crore through unsecured rupee term loans or line of credit facilities from its existing consortium of bankers and lenders through a competitive bidding process.

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Shares of Power Grid Corporation of India ended higher on Friday, ahead of the announcement of the result, with the stock closing at ₹305.50 on the NSE, up ₹3.75 or 1.24%.

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