Power Grid Corporation of India Limited (POWERGRID) Earnings Call Transcripts

Power Grid Corporation of India Limited's Latest Earnings Call - Q4 FY2026

In the earnings call for Q4 FY '26, Power Grid Corporation of India Limited reported a total income of INR 47,684 crores, a slight increase from INR 47,459 crores in the previous year, indicating stable revenue performance. The profit after tax rose by 3% to INR 15,928 crores. Management exceeded their capital expenditure guidance, achieving INR 40,000 crores against an initial target of INR 28,000 crores, and provided a guidance of INR 37,000 crores for FY '27. The strong operational performance and strategic initiatives in renewable energy integration signal a positive outlook for future growth.

Reported metrics

Guidance from management

Management provided a guidance of INR 37,000 crores for FY '27 capital expenditure, indicating continued investment in growth despite previous challenges in execution.

What management said

Without much ado, we will start. We have on the [ dais ] with us our new Chairman and Managing Director, Shri B. Vamsi Rama Mohan; Shri G. Ravisankar, he's the Director of Finance, and he's also the CFO; Shri Dr. Yatindra Dwivedi, is Director of Personnel; and Shri Navin Srivastavaji, is the Director, Operations. I now request [ Satyaprakash Dash ], Company Secretary, to initiate the proceedings.

I request everyone to please keep their mobile phones in silent mode, please. Now I'll invite our Chairman and Managing Director to have his opening remarks and presentation followed by a Q&A session.

What analysts pressed on

Analysts expressed concerns regarding the decline in EBITDA and the impact of older assets completing their lifecycle on future profitability. There were also questions about the challenges in right-of-way and the potential for increased competition in TBCB projects.

Main topics on the call

• Capital Expenditure Outperformance — Management reported a capital expenditure of INR 40,000 crores, exceeding the initial guidance of INR 28,000 crores. They stated, "the CapEx guidance stands exceeded," indicating strong project execution and operational ...
• Profit After Tax Growth — The profit after tax increased by 3% to INR 15,928 crores, reflecting effective cost management despite challenges in the sector. This growth is a positive indicator of the company's financial health.
• Future CapEx Guidance — Management provided a guidance of INR 37,000 crores for FY '27, which is a slight increase from the previous year's guidance. They expressed optimism about sustaining long-term growth, stating, "we believe Power Grid is ...
• Operational Performance — Power Grid maintained a system availability of 99.84%, significantly above the industry standard. Management emphasized their focus on operational excellence, stating, "we are well above the maximum availability which is...

Read the full Power Grid Corporation of India Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 Power Grid Corporation of India Limited earnings call transcripts on record, spanning February 3, 2020 to May 18, 2026. Based on this history, Power Grid Corporation of India Limited reports quarterly. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

POWERGRID

Exchange

NSEI

Country

IN

Sector

Utilities

Industry

Electric Utilities

Calls on record

23

First call

February 3, 2020

Most recent

May 18, 2026

Reporting cadence

quarterly