State-run utility Power Grid Corporation of India has posted an increase of more than eight percent in its consolidated net profit for the quarter ended September 30, 2026. According to the company's regulatory filing with stock exchanges, net profit rose to Rs 3866.16 crore during the period. The transmission major also witnessed an expansion in its top line, with total income advancing to Rs 12,055.11 crore during the second quarter.
Year-on-Year Growth in Financial Performance
The latest figures demonstrate steady progress across operational and revenue metrics compared to the corresponding period of the prior financial year. For the quarter ended September 30, 2025, consolidated net profit stood at Rs 3,566.08 crore, supported by total income of Rs 11,670.24 crore. The current quarter's performance reflects an improvement in earnings alongside sustained revenue accretion from expanded grid assets and steady transmission tariffs.
Interim Dividend of Rs 3 per Share Approved
In addition to the operational numbers, the board of directors cleared the payout of the first interim dividend for the ongoing financial year. The board sanctioned Rs 3 per equity share having a face value of Rs 10 each, representing 30 percent of the company's paid-up equity share capital.
To establish shareholder eligibility for the payout, the record date has been scheduled for Friday, November 6, 2026. The distribution of the dividend proceeds to eligible investors will take place on Monday, November 30, 2026, sustaining the company's track record of regular shareholder rewards.
Capital Spending and Balance Sheet Metrics
Power Grid outlined significant capital commitment figures through the first half of the fiscal cycle. Cumulative capital expenditure reached Rs 16,864 crore as of September 30, 2026. The company also capitalised assets valued at Rs 9,300 crore on a consolidated basis. This asset capitalisation figure excludes FERV adjustments and incorporates assets capitalised as finance leases.
On a consolidated balance sheet level, Gross Fixed Assets stood at Rs 3,29,852 crore at the close of the reporting period on September 30, 2026. This metric includes Gross Lease Receivables, offering an updated perspective on the physical network capital backing the enterprise's earnings engine.
Grid Scale and Operational Benchmarks
Operational data shared alongside the earnings update highlighted the expanding footprint of the national grid. By the conclusion of Q2FY27, Power Grid and its subsidiary entities managed an aggregate transmission asset portfolio comprising 1,87,576 circuit kilometres of transmission lines. The physical infrastructure encompassed 293 substations and a cumulative transformation capacity of 6,49,116 MVA.
Operational reliability remained at top-tier industry benchmarks, with the average transmission system availability tracked at 99.81 percent through Q2FY27. Together with healthy revenue growth, controlled capital expenditures, and prompt capital return to shareholders, the utility consolidated its role as the backbone of India's electricity transmission infrastructure.
