Power Grid of India (POWERGRID) Q4 24/25 earnings summary

Executive summary

• Achieved record project wins in FY25, securing INR 92,000 crore in TBCB projects and maintaining a 57% market share by NCT cost; market cap reached ₹3.4 trillion as of Sep 2024.

• System availability remained high at 99.82%, with operational efficiency among the best globally; tripping per line per year at 0.27.

• Commissioned major substations and transmission lines, including the world's first 765 kV digital substation at Navsari and a 12 km underground cable in Ladakh.

• Focused on technological innovation, sustainability, and rapid project execution, with record-setting timelines and advanced project management techniques.

• Recognized for sustainability, innovation, and corporate governance, with multiple national and international awards.

Financial highlights

• FY25 consolidated income: INR 47,459 crore; PAT: INR 15,521 crore; standalone income: INR 46,325 crore; PAT: INR 15,354 crore.

• Q4 FY25 standalone revenue: INR 12,482 crore; PAT: INR 4,336 crore; Q4 consolidated income: INR 12,591 crore; PAT: INR 4,143 crore.

• Telecom segment revenue crossed INR 1,000 crore for the first time, up 24% year-over-year.

• Consultancy revenue grew 45% year-over-year to INR 799 crore.

• Dividend paid: INR 10.5 per share; market cap at FY25 end: INR 2,70,136 million.

Outlook and guidance

• CapEx guidance: INR 28,000 crore for FY26, INR 35,000 crore for FY27, and INR 45,000 crore for FY28.

• Business outlook to 2032: INR 3,06,600 crore, with INR 2,70,000 crore in interstate transmission.

• Works in hand: INR 1,54,680 crore as of May 2025, including TBCB, RTM, and other projects.

• Targeting 50% electricity consumption from renewables by December 2025.

• Sectoral growth drivers include India's $10 trillion economy target, clean energy commitments, and energy storage expansion.