POWER GRID CORPORATION OF INDIA LIMITED - Quarterly Result Update Q4'25

$POWERGRID Power Grid Q4FY25 results miss estimates: PAT almost flat at Rs 4,143 cr, income up marginally. Consolidated net sales (including other operating income) of Power Grid Corporation of India for the quarter ended Mar 2025 has increased 2.48% to Rs 12275.35 crore. Operating profit margin has jumped from 82.84% to 83.70%, leading to 3.54% rise in operating profit to Rs 10,273.99 crore. Profit before tax grew 0.56% to Rs 5,091.27 crore. Provision for tax was expense of Rs 918.82 crore, compared to Rs 958.47 crore. Effective tax rate was 18.15% compared to 18.70%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 0.56% to Rs 4,142.87 crore. Dividend Recommended final dividend of Rs. 1.25/- per equity share of Rs. 10/- each (@12.5% of the paid-up equity share capital) for the Financial Year 2024-25 subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. Full year results analysis. Consolidated net sales (including other operating income) of Power Grid Corporation of India has declined 0.11% to Rs 45792.32 crore. Operating profit margin has jumped from 85.80% to 85.91%, leading to 0.03% rise in operating profit to Rs 39,341.68 crore. Employee cost increased from 5.31% to 5.69%. Other expenses rose from 7.65% to 9.00%. Other income rose 55.80% to Rs 1667.06 crore. PBIDT rose 1.50% to Rs 41008.74 crore. Provision for interest fell 0.83% to Rs 8700.13 crore. PBDT rose 2.15% to Rs 32308.61 crore. Provision for depreciation fell 1.46% to Rs 12904.15 crore. Profit before tax grew 4.70% to Rs 19,404.46 crore. Share of profit/loss was 463.99% lower at Rs -110.26 crore. Provision for tax was expense of Rs 3772.76 crore, compared to Rs 2940.79 crore. Effective tax rate was 19.55% compared to 15.88%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 0.33% to Rs 15,521.44 crore.