POWERGRID profit hits Rs 15,928 crore for FY26
Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ enterprise under the Ministry of Power, has announced its financial results for the fourth quarter and the full financial year ending March 31, 2026.
On a consolidated basis, the state-run transmission major posted a Profit After Tax (PAT) of Rs 15,928 crore and a Total Income of Rs 47,684 crore for FY26. On a standalone basis, the company’s PAT and Total Income stood at Rs 15,921 crore and Rs 46,996 crore, respectively.
For the final quarter of the fiscal (Q4FY26), POWERGRID reported a consolidated PAT of Rs 4,546 crore and a Total Income of Rs 11,971 crore. Meanwhile, its standalone PAT for the same three-month period was recorded at Rs 4,553 crore against a Total Income of Rs 11,955 crore.
The company’s Board has proposed a final dividend of Rs 1.25 per equity share on a face value of Rs 10 each, which equals 12.50 per cent of the paid-up share capital. This comes in addition to the interim dividend of Rs 7.75 per share already paid out during the fiscal year, bringing the total dividend for the year to Rs 9 per share.
By the close of FY26, the total transmission assets held by POWERGRID and its subsidiaries expanded to 1,84,960 circuit kilometres (ckm) of transmission lines, 291 substations, and a massive 6,24,016 MVA of transformation capacity. The energy major successfully maintained an impressive average transmission system availability of 99.84 per cent throughout the financial year.
In a major structural shift, the POWERGRID Board also accorded formal approval for the merger and amalgamation of 28 wholly owned subsidiaries into two existing subsidiary companies. This follows the recently completed amalgamation of 19 other wholly owned subsidiaries. This streamlined Special Purpose Vehicle (SPV) architecture is aimed at lowering overheads while significantly enhancing operational efficiency, management oversight, and corporate governance.
