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POWERGRID Energy 30 Oct 2025

Power Grid Corporation — Q2 FY26

PowerGrid reported H1 FY26 total income of INR 23,115 crore, EBITDA of INR 19,109 crore, and PAT of INR 7,197 crore.

neutral medium
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Revenue ₹11,476 Cr
EBITDA ₹19,109 Cr
EBITDA Margin 79%
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Right-of-Way (ROW) Delays Impacting Capitalization

ROW challenges from landowners have delayed project execution, though new government guidelines are expected to ease the process.

high · management_commentary
R

Slowdown in TBCB Tendering

TBCB tendering has slowed down due to approval processes, which could impact future order inflows.

medium · analyst_question
R

Equipment Supply Constraints

Shortage of transformers, GIS, and HVDC equipment with long lead times could affect project timelines.

medium · management_commentary
R

Revenue Impact from Aging Assets

As assets complete 12 years, depreciation and interest costs decline, reducing revenue by ~9% of project cost, which may pressure reported growth.

medium · data_observation