# Power Grid Corporation of India Q2 Profit Climbs Over 8% to Rs 3866.16 Crore, Board Approves Rs 3 Dividend > Power Grid Corporation of India recorded an 8% year-on-year growth in consolidated net profit to Rs 3866.16 crore for the September 2026 quarter. The state-run utility declared a first interim dividend of Rs 3 per equity share, setting November 6 as the record date. **Type:** article · **Category:** Market · **Published:** 2026-11-01 · **Source:** TrendKia **Canonical:** https://trendkia.com/en/market/power-grid-corporation-of-india-ka-sitnbara-timahi-men-munapha-barhakara-3866-16-karora-rupaye-hua-3-rupaye-antarima-dividenda-ka--54590 · **Language:** English **Tags:** Power Grid, Q2 Results, Stock Market, Dividend, Power Grid Corporation of India, Power Sector 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. ## What this means for you The earnings report and dividend declaration directly affect cash flows for equity shareholders while underscoring stability in the national power infrastructure. - **Dividend Payout:** Shareholders will receive Rs 3 per equity share of face value Rs 10 as an interim reward. Investors must hold the shares prior to the record date of Friday, November 6, 2026, to qualify for payment on Monday, November 30, 2026. - **Long-Term Investors:** The 8 percent rise in net profit confirms healthy balance sheet resilience and sustained regulated returns. Continuing capital additions provide income stability for portfolio holders seeking steady dividend-yielding assets. - **Grid Reliability:** System availability of 99.81 percent ensures minimal disruption in bulk electricity transfer across state lines. The growing transformation capacity directly supports regional power utilities and industrial consumers. - **Capital Deployment:** Cumulative capital spending of Rs 16,864 crore reflects active capacity execution across transmission corridors. Ongoing grid enhancements facilitate broader power distribution across regional markets. ## Why this happened The expansion in revenue and profit was driven by ongoing capitalisation of transmission lines and high technical availability across the national network. - **Asset Capitalisation:** The utility successfully capitalised Rs 9,300 crore in assets on a consolidated basis during the period. Newly commissioned lines generate recurring regulated tariff revenues, driving total income to Rs 12,055.11 crore. - **Superior Grid Availability:** Average transmission system availability stood at 99.81 percent through Q2FY27. Maintaining operational uptime above regulatory thresholds enables maximum tariff collection and performance-linked incentives. - **Expanded Network Base:** Deployment of Rs 16,864 crore in capital expenditure brought total transmission lines to 1,87,576 ckm and 293 substations. The larger operational asset base supported net profit growth from Rs 3,566.08 crore to Rs 3866.16 crore. ## Questions & Answers ### 1. What was Power Grid Corporation of India's net profit for the September 2026 quarter? The company reported a consolidated net profit of Rs 3866.16 crore, registering a rise of over 8 percent compared to Rs 3,566.08 crore in the year-ago period. ### 2. How much interim dividend has been declared by the company? The board declared a first interim dividend of Rs 3 per equity share of face value Rs 10, which corresponds to 30 percent of paid-up equity share capital. ### 3. What are the record date and payment date for the dividend? The record date has been scheduled for Friday, November 6, 2026, and the interim dividend will be paid on Monday, November 30, 2026. ### 4. What was the capital expenditure incurred by the company up to September 30, 2026? Power Grid incurred capital expenditure of Rs 16,864 crore and capitalised assets worth Rs 9,300 crore on a consolidated basis. ### 5. What is the physical size of Power Grid's transmission infrastructure? At the end of Q2FY27, the company and its subsidiaries managed 1,87,576 ckm of lines, 293 substations, and 6,49,116 MVA of transformation capacity. ### 6. What was the operational availability of the transmission system? The company recorded an average transmission system availability of 99.81 percent up to Q2FY27. --- _TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._