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Power Grid Corpn

Q1 FY27Power

Power Grid Corpn Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹270
Market cap₹2.5L Cr
P/E15.8
Updated24 Sept 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

The short version

POWERGRID expects significant growth driven largely by Transmission-Based Competitive Bidding (TBCB) projects, with equity investments in operational TBCB projects rising from Rs. POWERGRID expects continued growth driven largely by projects under the Tariff Based Competitive Bidding (TBCB) regime, with equity investment in TBCB projects nearly doubling from Rs.

From Power Grid Corpn's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Moderate growth
  • POWERGRID expects significant growth driven largely by Transmission-Based Competitive Bidding (TBCB) projects, with equity investments in operational TBCB projects rising from Rs. 4,671 crore to Rs. 9,965 crore.
  • New awards this year total Rs. 2,200 crore in annual revenues, indicating a robust project inflow.
  • The government plans Rs. 7.9 lakh crore capex by 2036 for transmission to support non-fossil fuel capacity; this is expected to be bid out over the next 3-4 years.
  • Operational revenues start accruing once assets are commissioned, unaffected by power flow or generation timing.
  • Tariff and revenue models are mostly rupees per annum, not linked to actual energy transmitted, ensuring stable revenue.

2 more points from Power Grid Corpn's call on revenue

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Profitability & Margins

See what Power Grid Corpn said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • The government has estimated a massive capex of Rs. 7.9 lakh crore in the transmission sector by 2036 to support non-fossil fuel capacity addition.
  • This Rs. 7.9 lakh crore capex is expected to be bid out over the next 3 to 4 years to ensure system readiness by 2035-36, considering 2-3 years of construction time.
  • The current immediate capex stands at Rs. 1.19 lakh crore, which is part of the overall Rs. 7.9 lakh crore.
  • POWERGRID is capitalizing on opportunities in growth areas like green hydrogen, data centers, and renewable energy projects.
  • Internal accruals are being used to fund equity investments in operational and under-construction TBCB projects, totaling Rs. 13,000 crore so far.

2 more points from Power Grid Corpn's call on capex

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Top-ranked in Power

Ranked on what management guided this quarter

Guidance-ranked
1Insolation Ener
Rev 1Mar 1
2ACME Solar Holdings Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Order book rising
Related operational highlights and insights include: - Transmission lines commissioned in Q1 FY27: 1,635 circuit kilometers (~35% of last year's achievement). - Transformation capacity added: Approx. 10,500 MVA. - Capital work in progress increased from Rs. 41,610 crore to Rs. 50,419 crore, indicating ongoing projects. - The company is actively bidding for projects such as the Rajasthan Phase IV Barmer Complex HVDC project, with bids submitted and evaluations ongoing.

2 more points from Power Grid Corpn's call on order book

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Power Grid Corpn — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹11.8K Cr, net profit ₹3.9K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Power Grid Corpn's management said in earlier quarters

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Frequently Asked Questions

What were Power Grid Corpn Q1 FY27 results?

POWERGRID expects significant growth driven largely by Transmission-Based Competitive Bidding (TBCB) projects, with equity investments in operational TBCB projects rising from Rs. POWERGRID expects continued growth driven largely by projects under the Tariff Based Competitive Bidding (TBCB) regime, with equity investment in TBCB projects nearly doubling from Rs.

What is Power Grid Corpn share price analysis?

Power Grid Corpn currently shows a below-average growth signal. The stock trades at a P/E of 15.8 with a market cap of ₹251,395 Cr. Investors should review the full earnings analysis for detailed insights.

Is Power Grid Corpn planning capital expenditure?

The government has estimated a massive capex of Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.