Power Grid Corporation of India (PGCIL), the state-owned transmission giant, has announced its financial results for the second quarter of the 2024-25 fiscal year, revealing a stable consolidated net profit of Rs 3,793.02 crore. This marks a modest increase from the Rs 3,781.42 crore reported in the same period last year, reflecting the company’s resilience in a challenging business environment.
For the July-September quarter, Power Grid’s total income saw a notable rise, reaching Rs 11,845.93 crore, up from Rs 11,530.43 crore in the corresponding quarter of the previous year. The revenue growth indicates the company’s continued expansion in the power transmission sector, driven by increased demand and infrastructure investments.
The company’s board of directors has also approved an interim dividend payout of Rs 4.50 per equity share (face value of Rs 10 each) for the financial year 2024-25. This marks a significant return to shareholders, underlining the company’s stable financial position and its commitment to rewarding investors.
In a strategic move, Power Grid’s board has green-lit the proposal to transfer 26% of its residual equity stake in four of its associate companies to the PowerGrid Infrastructure Investment Trust (PGInvIT). These companies—POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission, and POWERGRID Jabalpur Transmission—are key assets in Power Grid’s diversified transmission portfolio. This move is part of the company’s broader strategy to streamline its operations and enhance liquidity, aligning with its long-term growth objectives.
Power Grid’s financial performance reflects the ongoing stability of India’s power transmission sector, where demand continues to rise amid growing infrastructure needs. With its solid track record of earnings and strategic initiatives, Power Grid remains a significant player in India’s power sector, committed to both expansion and value creation for its stakeholders.