Approval of Audited Financial Results for Financial Year ended 31st March, 2026.
POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Power Grid reported standalone revenue from operations of ₹40,904 crore for FY26, marginally down from ₹41,431 crore in FY25. Profit after tax rose 3.7% to ₹15,921 crore, driven by a deferred tax credit of ₹4,928.86 crore arising from remeasurement under the new tax regime. EPS (including regulatory deferral movement) was ₹17.12 vs ₹16.51. EBITDA margin compressed to ~40% from ~42.4% due to higher other expenses and finance costs. The company raised ₹5,000 crore via term loans and completed multiple intra-group mergers of wholly-owned subsidiaries to simplify its corporate structure. Auditors issued an unmodified opinion.
PAT growth of 3.7% is modest; margin compression and rising borrowings (₹1.48 lakh crore total debt, D/E at 1.48x) are watch items despite strong operating cash flows of ₹31,983 crore. The large deferred tax credit temporarily boosted PAT and should normalise next year.