Power Grid Corporation of India Limited — Q1FY27 earnings call summary

Filed 14 August 2026 · Official transcript

Capex guidance Rs. 37,000 crore; Q1 capitalization Rs. 5,277 crore, over 3x Q4 FY26
Q1 FY27 consolidated transmission charges increased 3% to Rs. 10,905 crore; PAT at Rs. 3,598 crore, down 1% due to regulatory drag
BESS projects included under transmission; petitions filed for regulatory approval
Grid strengthening projects awarded via RTM or bidding; One Sun, One World, One Grid integration progressing
Equipment supply constraints easing with increased OEM capacity and new players
Strong order pipeline of Rs. 1.19 lakh crore; Rs. 7.9 lakh crore transmission capex planned by 2035-36
Regulatory drag of Rs. 560 crore due to depreciation and interest timing differences
TBCB equity investments funded fully from internal accruals; returns calibrated