POWERGRID

Financial and Corporate Announcements:

Q1 FY26 Results: POWERGRID announced its Q1 FY26 results, posting a Profit After Tax (PAT) of ₹3,631 crore and a total income of ₹11,444 crore on a consolidated basis. Annual Results: The company's consolidated Profit After Tax (PAT) for the full fiscal year 2024-25 was ₹15,521 crore with a total income of ₹47,459 crore. Dividend: A final dividend of ₹1.25 per share for FY 2024-25 has been declared. The company has a history of a healthy dividend payout. Fundraising: The company has declared a plan to raise up to ₹6,000 crore via bonds. A Board Meeting was held to consider and approve the raising of unsecured non-convertible non-cumulative redeemable taxable POWERGRID bonds. Successful Bidder: POWERGRID has been declared the successful bidder for an inter-state transmission system project in Uttar Pradesh under the Tariff Based Competitive Bidding (TBCB) mechanism. 2. Strategic and Operational Highlights: Projects: The company has successfully commissioned various transmission projects, including one by its subsidiary, POWERGRID KPS3 Transmission Ltd. Awards: Four of POWERGRID's innovative projects have won the prestigious India Smart Grid Forum (ISGF) Innovation Awards 2025. The company was also conferred the SCOPE Eminence Award in HR Management. Partnerships: POWERGRID has signed an MoU to collaborate on Green Hydrogen and clean energy projects. Corporate Social Responsibility (CSR): The company has signed an MoU with VMMC & Safdarjung Hospital in Delhi to provide medical equipment under its CSR initiative. 3. Stock Performance & Market View: Valuation: As of the latest available data, the stock is trading at a P/E ratio of around 17.20, which is higher than the sector P/E of 12.40. Its P/B ratio is also higher than historical values. Analyst Ratings: Multiple analysts and brokerage houses, including ICICI Securities and Motilal Oswal Financial Services, have maintained "Buy" ratings on the stock with price targets ranging up to ₹425.