Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Powergrid Infrastructure Investment Trust
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 317 | 314 | 318 | 319 | 314 | 316 | 320 | 320 | 311 | 313 | 317 | 317 | 311 |
| Expenses + | 231 | 29 | -133 | 20 | -70 | 22 | 188 | 20 | -649 | 21 | -93 | 19 | 17 |
| Operating Profit | 86 | 285 | 451 | 299 | 385 | 293 | 132 | 300 | 960 | 292 | 409 | 297 | 294 |
| OPM % | 27% | 91% | 142% | 94% | 122% | 93% | 41% | 94% | 309% | 93% | 129% | 94% | 94% |
| Other Income + | 6 | 7 | 7 | 10 | 12 | 11 | 9 | 10 | 9 | 12 | 10 | 8 | 9 |
| Interest | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 21 | 20 | 18 | 18 | 18 |
| Depreciation | 78 | 78 | 79 | 79 | 79 | 79 | 80 | 80 | 78 | 79 | 80 | 80 | 78 |
| Profit before tax | 2 | 202 | 368 | 218 | 307 | 214 | 50 | 218 | 870 | 205 | 321 | 207 | 207 |
| Tax % | -1,693% | 6% | 14% | 5% | 12% | 6% | -60% | 6% | 21% | 7% | 13% | 5% | -18% |
| Net Profit + | 43 | 191 | 316 | 207 | 269 | 201 | 80 | 204 | 687 | 191 | 279 | 198 | 244 |
| EPS in Rs | 0.85 | 2.05 | 3.18 | 2.18 | 2.77 | 2.12 | 1.10 | 2.15 | 7.55 | 2.10 | 3.07 | 2.17 | 2.68 |
Financials of Powergrid Infrastructure Investment Trust
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 1,217 | 1,286 | 1,265 | 1,266 | 1,258 |
| Expenses + | 446 | 1,599 | -161 | -419 | -35 |
| Operating Profit | 771 | -313 | 1,427 | 1,686 | 1,293 |
| OPM % | 63% | -24% | 113% | 133% | 103% |
| Other Income + | 26 | 30 | 31 | 39 | 39 |
| Interest | 0 | 41 | 47 | 56 | 74 |
| Depreciation | 270 | 315 | 315 | 317 | 317 |
| Profit before tax | 528 | -640 | 1,095 | 1,352 | 940 |
| Tax % | 12% | -30% | 10% | 13% | 3% |
| Net Profit + | 463 | -446 | 982 | 1,172 | 912 |
| EPS in Rs | 5.57 | -2.14 | 10.18 | 12.92 | 10.02 |
| Dividend Payout % | 189% | -700% | 118% | 93% | 120% |
Financials of Powergrid Infrastructure Investment Trust
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 9,100 | 9,100 | 9,100 | 9,100 | 9,100 |
| Reserves | -106 | -1,394 | -1,559 | -1,379 | -1,559 |
| Borrowings + | 575 | 572 | 569 | 1,072 | 1,064 |
| Other Liabilities + | 2,286 | 1,765 | 1,872 | 1,394 | 1,403 |
| Total Liabilities | 11,854 | 10,043 | 9,983 | 10,187 | 10,008 |
| Fixed Assets + | 10,892 | 9,074 | 9,042 | 9,235 | 9,047 |
| CWIP | 4 | 15 | 7 | 10 | 16 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 958 | 955 | 933 | 942 | 944 |
| Total Assets | 11,854 | 10,043 | 9,983 | 10,187 | 10,008 |
Financials of Powergrid Infrastructure Investment Trust
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,164 | 1,181 | 1,230 | 1,215 | 1,176 |
| Cash from Investing Activity + | -629 | -154 | 10 | -531 | 13 |
| Cash from Financing Activity + | -224 | -1,195 | -1,182 | -674 | -1,174 |
| Net Cash Flow | 311 | -168 | 58 | 9 | 15 |
| Free Cash Flow | 855 | 1,163 | 1,206 | 1,211 | 1,162 |
| CFO/OP | 152% | -389% | 86% | 72% | 93% |
Financials of Powergrid Infrastructure Investment Trust
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 100 | 93 | 78 | 64 | 54 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 100 | 93 | 78 | 64 | 54 |
| Working Capital Days | 107 | 99 | 85 | 72 | 61 |
| ROCE % | -6% | 13% | 16% | 12% |