New Delhi, November 15, 2025 – Power Grid Corporation of India Limited, a pivotal entity in India’s energy sector, has disclosed its financial results for the quarter and half year ending September 30, 2025. Demonstrating resilient operational performance amidst challenging market conditions, the company has recorded a significant uptick in its total comprehensive income and profits.
For the quarter ending September 30, 2025, Power Grid reported a total income of ₹11,348.27 crore, with a profit before tax of ₹3,744.13 crore. This shows a consistent performance compared to the ₹4,172.27 crore recorded in the previous quarter. The net profit for the period stood at ₹3,554.80 crore, aided by a positive movement in regulatory deferral account balances.
The half-year figures were equally impressive, with the total income reaching ₹22,605.15 crore. The profit before tax for the half year was ₹7,916.40 crore, slightly below the ₹8,437.03 crore reported for the same period last year, yet showcasing strong underlying fundamentals. The net profit amounted to ₹7,208.03 crore, reflecting solid operational efficiency and strategic asset management.
In terms of expenses, the company managed a prudent control over costs, with total expenses for the half year ending at ₹14,688.75 crore. The major expense categories included employee benefits, finance costs, and depreciation and amortization expenses, which collectively underscore the company’s ongoing investments in infrastructure and human resources to support its expansion and modernization plans.
Looking at the assets side, Power Grid’s total assets as of September 30, 2025, stood at a robust ₹2,69,474.79 crore, an increase from ₹2,57,869.67 crore as recorded on March 31, 2025. This growth is attributed to significant investments in property, plant, and equipment, alongside a strategic increase in non-current and current asset holdings.
The equity and liabilities section revealed that total equity and liabilities matched the asset growth, ensuring a balanced financial structure. The company’s equity share capital remains steady at ₹9,300.60 crore, with other equity amounting to ₹89,196.39 crore, indicating strong shareholder confidence and stable financial governance.
From a cash flow perspective, the net cash from operating activities for the half year was a robust ₹13,385.77 crore, supporting the company’s investment activities and financial management. Despite a net cash use in investing activities totaling ₹11,668.36 crore, primarily due to capital expenditures and investments in mutual funds, the company maintained a healthy liquidity position.
These results highlight Power Grid Corporation of India’s commitment to maintaining financial excellence and operational efficiency. The company continues to play a critical role in India’s power sector, driving growth and stability in one of the country’s most vital infrastructure sectors. As it moves forward, Power Grid is well-positioned to navigate the complexities of the energy market, backed by a strong financial foundation and a clear strategic direction.
