Power Grid Corpn
Power Grid Corpn Q1 FY27 Results & Concall Highlights
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
Not discussed on this call: fundraise.
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 25 Aug 2026.
Revenue & Sales Performance
- 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.
- BESS (battery energy storage systems) projects under regulatory return basis are being pursued, opening new revenue streams.
- Equipment supply constraints easing due to increased manufacturing capacity and government allowing more players including some Chinese OEMs, potentially reducing costs and improving project timelines.
Profitability & Margins
See what Power Grid Corpn said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- 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.
- The company is exploring battery energy storage systems (BESS) under new regulatory provisions to complement transmission.
- There is also a strong pipeline of HVDC projects aligned with the evolving generation and load landscape.
Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Power Grid Corpn said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Power Grid Corpn — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹11.7K Cr, net profit ₹4.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Power Grid Corporation of India Ltd'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 15.9 with a market cap of ₹253,348 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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.