Power Grid stock: First-quarter profit falls 0.89 percent to INR 35.98 billion

Published on 10/20/2026 at 18:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Capex rose 11.00 percent in the first quarter. Power Grid stock closed at INR 250.35 on NSE at 3:29 p.m. IST October 19, 2026, down 0.04 percent versus INR 250.45.

Profit, capex and valuation

Power Grid reported first-quarter net profit of INR 35.98 billion, down 0.89 percent year over year.
First-quarter capital spending rose 11.00 percent to INR 7.77 billion.
Power Grid stock closed at INR 250.35 on the NSE on October 19, 2026, down 0.04 percent versus INR 250.45.
Prabhudas Lilladher cut its target from INR 346.00 to INR 331.00 on August 8, 2026.

Power Grid, INE752E01010, Illustration mit AI erstellt.

Power Grid Corporation of India reported first-quarter net profit of INR 35.98 billion, down 0.89 percent year over year. Trade Brains published the figure on October 13, 2026, citing the companys Q1 FY27 results. The stock closed at INR 250.35 on the NSE at 3:29 p.m. IST on October 19, 2026, down 0.04 percent versus INR 250.45.

Capex keeps the balance sheet busy

Capital spending reached INR 7.77 billion in Q1 FY27, up 11.00 percent from the year-earlier quarter. The same report said Power Grid had INR 104.03 billion of consolidated net worth as of June 30, 2026, putting the INR 391.60 million purchase of two transmission project companies at 0.04 percent of net worth.

The two project vehicles were acquired on October 12, 2026, for INR 199.40 million and INR 192.20 million. The assets are tied to new substations and transmission lines in Maharashtra and Gujarat, while commercial operation and regulatory approvals remain part of the execution timeline, according to Trade Brains.

Stock stays near its yearly low

Power Grid stock stood 2.33 percent above its 52-week low of INR 244.65 and 22.96 percent below its 52-week high of INR 324.95 as of October 19, 2026. Volume reached 8,908,610 shares, while the market capitalization was INR 2.3 trillion. The price-to-earnings ratio was 14.65.

Target remains above the market price

On August 8, 2026, Prabhudas Lilladher reduced its target from INR 346.00 to INR 331.00 while retaining its Buy rating, according to DSIJ. The revised target lies 32.20 percent above the October 19 NSE close. The report also cited a dividend yield of about 4 percent and a first-quarter order inflow of INR 105.00 billion.

Comparison with peers

Power Grid: down 0.04 percent, P/E 14.65, market capitalization INR 2.3 trillion.

NTPC: down 1.95 percent, P/E 10.79, market capitalization INR 3.0 trillion.

Tata Power: down 0.45 percent, P/E 29.16, market capitalization INR 1.1 trillion.

Price and valuation

Power Grid combines a 0.89 percent first-quarter profit decline with an 11.00 percent rise in capex. The valuation gap to the revised target is substantial, but the stock remains close to its yearly low and execution of new transmission assets is the key operating variable.

Power Grid stock closed at INR 250.35 on the NSE on October 19, 2026, at 3:29 p.m. IST, down 0.04 percent versus the prior close of INR 250.45.