Powergrid

Power Grid reported a strong Q3 FY26 with standalone revenue of INR 12,436Current reported value: 12,436. No comparable prior figure is available in the source record. crore (+7Current reported value: 7. No comparable prior figure is available in the source record.% YoY) and PAT of INR 4,160Current reported value: 4,160. No comparable prior figure is available in the source record. crore (+7% YoY), driven by improved project execution and resolution of right-of-way issues. Management raised FY26 CapEx guidance to INR 32,000 croreCurrent INR 32,000 crore. Reported change: +14% vs earlier guidance. and capitalization to INR 22,000 croreCurrent INR 22,000 crore. Reported change: +10% vs earlier guidance., with FY27 CapEx guided at INR 37,000 croreCurrent reported value: INR 37,000 crore. No comparable prior figure is available in the source record. and FY28 at INR 45,000 croreCurrent reported value: INR 45,000 crore. No comparable prior figure is available in the source record.. The order book stands at INR 1.95 lakh croreCurrent reported value: INR 1.95 lakh crore. No comparable prior figure is available in the source record., with 80-90% from TBCB projects. Key growth drivers include renewable evacuation, HVDC projects, battery storage, and international expansion (e.g., Kenya). Risks include supply chain constraints for transformers and potential delays in HVDC project awards.