Powergrid Infra. Q4 FY26 Share Price & Earnings Call Analysis

Financials of Powergrid Infra.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Powergrid Infra.

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +317314318319314316320320311313317317311
Expenses +23129-13320-702218820-64921-931917
Operating Profit86285451299385293132300960292409297294
OPM %27%91%142%94%122%93%41%94%309%93%129%94%94%
Other Income +6771012119109121089
Interest11121212121212122120181818
Depreciation78787979797980807879808078
Profit before tax220236821830721450218870205321207207
Tax %-1,693%6%14%5%12%6%-60%6%21%7%13%5%-18%
Net Profit +4319131620726920180204687191279198244
EPS in Rs0.852.053.182.182.772.121.102.157.552.103.072.172.68

Financials of Powergrid Infra.

Profit & Loss

Annual income statement trend

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,2171,2861,2651,2661,258
Expenses +4461,599-161-419-35
Operating Profit771-3131,4271,6861,293
OPM %63%-24%113%133%103%
Other Income +2630313939
Interest041475674
Depreciation270315315317317
Profit before tax528-6401,0951,352940
Tax %12%-30%10%13%3%
Net Profit +463-4469821,172912
EPS in Rs5.57-2.1410.1812.9210.02
Dividend Payout %189%-700%118%93%120%

Financials of Powergrid Infra.

Balance Sheet

Capital structure and asset base

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital9,1009,1009,1009,1009,100
Reserves-106-1,394-1,559-1,379-1,559
Borrowings +5755725691,0721,064
Other Liabilities +2,2861,7651,8721,3941,403
Total Liabilities11,85410,0439,98310,18710,008
Fixed Assets +10,8929,0749,0429,2359,047
CWIP41571016
Investments00000
Other Assets +958955933942944
Total Assets11,85410,0439,98310,18710,008

Financials of Powergrid Infra.

Cash Flows

Operating, investing and financing cash movement

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,1641,1811,2301,2151,176
Cash from Investing Activity +-629-15410-53113
Cash from Financing Activity +-224-1,195-1,182-674-1,174
Net Cash Flow311-16858915
Free Cash Flow8551,1631,2061,2111,162
CFO/OP152%-389%86%72%93%

Financials of Powergrid Infra.

Ratios

Working capital efficiency and return ratios

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days10093786454
Inventory Days
Days Payable
Cash Conversion Cycle10093786454
Working Capital Days10799857261
ROCE %-6%13%16%12%

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What Powergrid Infra.'s management said in earlier quarters

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