Integrated Filing — IndAS



General information about company

Scrip Code 532898
NSE Symbol POWERGRID
MSEI Symbol NOTLISTED
ISIN INE752E01010
Name of company POWER GRID CORPORATION OF INDIA LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 05-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 05-08-2026   19:40:00
End date and time of board meeting 05-08-2026   21:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 11,49,672.00 11,49,672.00
Other income 20,000.00 20,000.00
Total income 11,69,672.00 11,69,672.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 67,373.00 67,373.00
(e) Finance costs 2,02,294.00 2,02,294.00
(f) Depreciation, depletion and amortisation expense 3,12,847.00 3,12,847.00
(f) Other Expenses
1 Other expenses 1,28,652.00 1,28,652.00
Total other expenses 1,28,652.00 1,28,652.00
Total expenses 7,11,166.00 7,11,166.00
3 Total profit before exceptional items and tax 4,58,506.00 4,58,506.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 4,58,506.00 4,58,506.00
6 Tax expense
7 Current tax 81,673.00 81,673.00
8 Deferred tax 6,601.00 6,601.00
9 Total tax expenses 88,274.00 88,274.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement (10,616.00) (10,616.00)
11 Net Profit Loss for the period from continuing operations 3,59,616.00 3,59,616.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 226.00 226.00
16 Total profit (loss) for period 3,59,842.00 3,59,842.00
17 Other comprehensive income net of taxes (7,121.00) (7,121.00)
18 Total Comprehensive Income for the period 3,52,721.00 3,52,721.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3,59,842.00 3,59,842.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 3,52,721.00 3,52,721.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 9,30,060.00 9,30,060.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.87 3.87
Diluted earnings (loss) per share from continuing operations 3.87 3.87
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.87 3.87
Diluted earnings (loss) per share from continuing and discontinued operations 3.87 3.87
24 Debt equity ratio 1.400 1.400
25 Debt service coverage ratio 1.4600 1.4600
26 Interest service coverage ratio 4.3200 4.3200
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. (a) In exercise of powers u/s 178 of the Electricity Act 2003, Central Electricity Regulatory Commission (CERC) has notified “CERC (Terms and Conditions of Tariff) Regulations, 2024” vide notification dated 15 March, 2024 for the determination of transmission tariff for the block period 2024-29. (b) In respect of projects whose tariffs are determined by CERC, the Group has recognised Transmission income during the quarter ended 30 June 2026 as per the following: (i) Rs. 9,039.95 crore for the quarter (corresponding previous quarter Rs. 8,842.50 crore) as per tariff orders issued by CERC. (ii) Rs. 530.43 crore for the quarter (corresponding previous quarter Rs. 621.80 crore) provisionally as per CERC Tariff Regulations in respect of transmission assets for which tariff orders are yet to be issued. (c) Consequent to the final order issued by CERC, transmission income includes Rs. 21.56 crore (decrease) for the quarter (corresponding previous quarter Rs. 7.82 crore (increase)) pertaining to earlier years. 2. The Board of Directors of the Holding Company in their meeting held on 19 March 2026 had approved the schemes of arrangement for merger/ amalgamation (here in after called as Schemes) of – Wholly owned subsidiaries of the company namely, Powergrid Kudankulam Transmission Limited, Powergrid Barmer I Transmission Limited, Powergrid Bikaner IV Transmission Limited, Powergrid Siwani Transmission Limited, Powergrid Fatehgarh Barmer Augmentation Transmission Limited, Powergrid Ramgarh Transmission Limited, Powergrid Bhadla Transmission Limited, Powergrid Fatehgarh Transmission Limited , Powergrid Bikaner Transmission System Limited , Powergrid Narela Transmission Limited, Powergrid Khetri Transmission System Limited, Powergrid Ajmer Phagi Transmission Limited, Powergrid Varanasi Transmission System Limited , Powergrid Neemuch Transmission System Limited , Powergrid Mithilanchal Transmission Limited , Powergrid Medinipur Jeerat Transmission Limited, Powergrid Mahan Rewa Transmission Limited (collectively “Transferor Companies”) with wholly owned subsidiary namely Powergrid Ghiror Transmission Limited (“Transferee Company”) and Wholly owned subsidiaries of the company namely Powergrid Sirohi Transmission Limited, Powergrid Mandsaur Transmission Limited, Powergrid Mewar Transmission Limited, Powergrid Beawar-Mandsaur Transmission Limited, Powergrid Kurawar Transmission Limited, Powergrid Sirohi Khandwa Transmission Limited, Powergrid ER NER Transmission Limited, Powergrid Chitradurga Bellary Transmission Limited, Powergrid Kurnool-III CPETA Transmission Limited, Powergrid Jam Khambhaliya Transmission Limited, Powergrid Banaskantha Augmentation Transmission Limited (collectively “Transferor Companies”) with wholly owned subsidiary namely Powergrid South Olpad Transmission Limited (“Transferee Company”) under section 230 to 233 of the Companies Act, 2013 and other statutory provisions as per the terms and conditions mentioned in the Schemes of arrangement for merger/amalgamation. 3. The Board of Directors in their meeting have accorded in principle approval for sale of entire stake in Joint Ventures (JVs) of the Company namely Torrent Power Grid Limited (ceased to be JV w.e.f 30 May 2025) & Sikkim Power Transmission Limited on 19 May 2025 and Parbati Koldam Transmission Company Limited on 30 July 2025. Accordingly, investment in these JV Companies is classified as “Asset classified as held for sale” in line with Ind AS 105. 4. The Board of Directors in their meeting held on 09 March 2026 have accorded in principle approval for divestment of entire equity stake in Central Transmission Utility of India Limited (CTUIL) a Wholly owned subsidiary of the parent company to Grid Controller of India Limited (GRID-INDIA). Accordingly, investment in CTUIL is classified as “Assets classified as held for sale” in line with Ind AS 105. 5. Net movement in Regulatory Deferral Account Balances (net of tax) primarily comprises foreign exchange differences arising from settlement/translation of monetary items denominated in foreign currency, to the extent recoverable from or payable to the beneficiaries in subsequent periods. Further, deferred tax recognized during the year on transmission income is treated as “Deferred Assets against Deferred Tax Liability.” Such deferred assets are to be reversed in subsequent periods when the corresponding deferred tax liability becomes part of current tax, in accordance with the provisions of CERC Tariff Regulations and Ind AS 114 on Regulatory Deferral Accounts. The detailed breakup of the same is as follows: (Rs. in Crore) Sl no Particulars Quarter ended Quarter ended Quarter ended Year ended 30-06-2026 31-03-2026 30-06-2025 31-03-2026 (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Deferred assets for deferred tax liability* (39.03) (5,220.38) 8.71 (4,871.81) 2 Foreign Currency Fluctuation (124.50) 660.35 248.93 1,506.77 3 Employee Benefits and Other Expenses 0.27 0.23 0.23 3.27 (163.26) (4,559.80) 257.87 (3,361.77) 4 Tax on net movement in regulatory deferral account balances (57.10) (796.70) 45.05 (587.38) Total (106.16) (3,763.10) 212.82 (2,774.39) *The movement in “Deferred assets against deferred Tax liability” is primarily attributable to the remeasurement of deferred tax balances pursuant to the enactment of the Finance Act, 2026. In view of the Company’s expected transition to the new tax regime under the Income-tax Act, 2025 in the near future, deferred tax balances have been measured using the applicable tax rates. This has resulted in a significant impact during the fourth quarter of FY 2025-26, which has been appropriately reflected in the Regulatory Deferral Account Balances. 6. Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis. 7. The above statement of Consolidated financial results has been reviewed by the Audit Committee (consisting of two Non-executive Directors and one Executive Director, pending appointment of Independent Directors), and thereafter has been considered and approved by the Board of Directors in their respective meetings held on 05 August 2026. 8. As required under regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended to the extent applicable, the Statutory Auditors have conducted a limited review of the Consolidated financial results for the quarter ended 30 June 2026. 9. Previous period figures have been regrouped / rearranged wherever considered necessary



Remarks

Debt equity ratio For the year ended, Debt of company is more than equity.
Debt service coverage ratio 1. For the quarter ended, Sum of Profit for the period, Depreciation and amortisation expense, Finance costs, FERV and Net Loss on Sale of Fixed Assets is more than Sum of Finance costs, Lease Payments and Principal Repayments. 2. For the year ended, Sum of Profit for the period, Depreciation and amortisation expense, Finance costs, FERV and Net Loss on Sale of Fixed Assets is more than Sum of Finance costs, Lease Payments and Principal Repayments.
Interest service coverage ratio 1. For the quarter ended, Sum of Profit for the period, Depreciation and amortisation expense, Finance costs, FERV and Net Loss on Sale of Fixed Assets is more than Finance costs. 2. For the year ended, Sum of Profit for the period, Depreciation and amortisation expense, Finance costs, FERV and Net Loss on Sale of Fixed Assets is more than Finance costs.


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Transmission 10,92,916.00 10,92,916.00
2 Consultancy 51,873.00 51,873.00
3 Telecom 25,177.00 25,177.00
4 Assets Classified as Held for Sale 0.00 0.00
Total Segment Revenue 11,69,966.00 11,69,966.00
Less: Inter segment revenue 11,781.00 11,781.00
Revenue from operations 11,58,185.00 11,58,185.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Transmission 6,36,120.00 6,36,120.00
2 Consultancy 3,007.00 3,007.00
3 Telecom 9,797.00 9,797.00
4 Assets Classified as Held for Sale 0.00 0.00
Total Profit before tax 6,48,924.00 6,48,924.00
i. Finance cost 2,02,294.00 2,02,294.00
ii. Other Unallocable Expenditure net off Unallocable income 547.00 547.00
Profit before tax 4,46,083.00 4,46,083.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Transmission 2,26,73,204.00 2,26,73,204.00
2 Consultancy 4,65,978.00 4,65,978.00
3 Telecom 2,20,276.00 2,20,276.00
4 Assets Classified as Held for Sale 2,91,705.00 2,91,705.00
Total Segment Asset 2,36,51,163.00 2,36,51,163.00
Un-allocable Assets 57,31,530.00 57,31,530.00
Net Segment Asset 2,93,82,693.00 2,93,82,693.00
4 Segment Liabilities
Segment Liabilities
1 Transmission 10,78,521.00 10,78,521.00
2 Consultancy 4,84,558.00 4,84,558.00
3 Telecom 1,31,769.00 1,31,769.00
4 Assets Classified as Held for Sale 2,54,551.00 2,54,551.00
Total Segment Liabilities 19,49,399.00 19,49,399.00
Un-allocable Liabilities 1,70,30,464.00 1,70,30,464.00
Net Segment Liabilities 1,89,79,863.00 1,89,79,863.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to Profit or Loss 7,138.00 7,138.00
Total Amount of items that will not be reclassified to profit and loss 7,138.00
2 Income tax relating to items that will not be reclassified to profit or loss 705.00 705.00
3 Amount of items that will be reclassified to profit and loss
1 Amount of items that will be reclassified to profit and loss (16,275.00) (16,275.00)
2 Share of Other Comprehensive Income of Joint Ventures accounted for using Equity Method (1,375.00) (1,375.00)
Total Amount of items that will be reclassified to profit and loss (17,650.00)
4 Income tax relating to items that will be reclassified to profit or loss (4,096.00) (4,096.00)
5 Total Other comprehensive income (7,121.00) (7,121.00)