Approval of Audited Financial Results for Financial Year ended 31st March, 2026.

Revenue DeclineEbitda Margin CompressionRelated Party TransactionsResults View source PDF Explain this filing

POWERGRID · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹305.50

prior close

₹296.30

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.2%-2.7% vs market

Power peers, median of 36sector · industry level-1.2%-1.6% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty 100 and 1.6 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.4

15m

-0.3

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-0.2-2.7-1.2-1.6

Next day

-2.4-0.2-2.2-0.2-2.2

-1.6+0.1-1.6-0.2-1.4

-2.1+0.1-2.2-0.5-1.6

-3.7+0.4-4.1-0.8-2.9

-3.3+1.7-5.0-0.0-3.3

-1.6+1.6-3.2+3.0-4.7

15d

-6.5-1.2-5.3-2.0-4.5

-5.3+2.7-8.0-1.6-3.7

-5.3+2.9-8.2-8.0+2.7

-12.3+3.1-15.4-10.8-1.5

UpDownMarket · Nifty 100Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.