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Power Grid Corporation net profit up over 8%

Power Grid Corporation net profit up over 8%

Total income rose to ₹12,055.11 crore in the quarter from ₹11,670.24 crore in the same period a year ago.

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State-owned Power Grid Corporation of India has posted over 8% year-on-year rise in its consolidated net profit at ₹3,866.16 crore in the September quarter.

The company reported a consolidated net profit of ₹3,566.08 crore for the quarter ended September 30, 2025, according to an exchange filing on Sunday.

Total income rose to ₹12,055.11 crore in the quarter from ₹11,670.24 crore in the same period a year ago.

The company's board also approved payment of the first interim dividend of ₹3 per equity share of ₹10 each (@30 per cent of the paid-up equity share capital) for the financial year 2026-27.

The record date for the purpose of payment of dividend shall be Friday, 6th November, 2026, and the first interim dividend will be paid to the members on Monday, 30th November, 2026.

In a statement, the company said it incurred a capital expenditure of ₹16,864 crore and capitalised assets worth ₹9,300 crore (excluding FERV and including assets capitalised as finance lease) on consolidated basis till September 30, 2026.

Power Grid's Gross Fixed Assets on consolidated basis stood at ₹3,29,852 crore (including Gross Lease Receivables) as on September 30, 2026.

At the end of Q2FY27, the total transmission assets of the company and its subsidiaries stood at 1,87,576 Ckm (circuit kilometre) of transmission lines, 293 substations and 6,49,116 MVA of transformation capacity.
The company maintained average transmission system availability of 99.81% till Q2FY27. - PTI

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