Power Grid Corporation of India Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Power Grid reported Q1 FY27 consolidated transmission charges of Rs. 10,905 crore, up 3% from Rs. 10,620 crore, while consolidated PAT was Rs. 3,598 crore versus Rs. 3,631 crore a year earlier. Management attributed the flat PAT to a regulatory drag of about Rs. 560 crore from lower depreciation and interest recognition under the tariff regime, including a reduction in interest income from delayed CERC tariff orders. The company also detailed its capitalization of Rs. 5,277 crore against a full-year guidance of Rs. 30,000 crore, and outlined a sector pipeline including Rs. 1.75 lakh crore of work in hand and Rs. 1.19 lakh crore under bidding.
Power Grid Corporation of India held a webinar on March 23, 2026 where the Chairman and Managing Director Dr. R.K. Tyagi reviewed capex and capitalization achievements for FY26 and outlined multi-year investment plans. Management stated it had achieved capex of Rs 35,000 crore and capitalization above Rs 22,749 crore for the year, with capitalization expected to exceed Rs 25,000 crore by year end. Management also discussed transmission opportunity visibility of roughly Rs 15 lakh crore over the next decade, the merger of SPVs and wholly owned subsidiaries, and steps taken to address right-of-way, skilled manpower and equipment supply constraints.