ROW-related project delays
ROW compensation policy changes and state-level adoption delays caused commissioning slippages in FY25; may persist.
medium · management_commentary
Power Grid Corporation — Q4 FY25
Power Grid reported a strong Q4 FY25 with consolidated revenue of INR 12,591 crore and PAT of INR 4,143 crore.
bullish
high
✓ 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
Lower TBCB pipeline in FY26
Current TBCB pipeline is only INR 45,000-46,000 crore, significantly lower than INR 92,000 crore won in FY25, which could slow order book growth.
medium · analyst_questionROE compression from higher equity base
ROE dipped ~100bps YoY as net worth grew faster than profits; further dilution possible if CapEx ramp-up requires equity.
medium · analyst_questionRE demand slowdown impacting transmission needs
Weak power demand and delayed PPAs for RE projects could reduce urgency for new transmission lines, affecting long-term pipeline.
low · analyst_question