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Powergrid Revenue History — Quarter by Quarter

Powergrid's revenue moved from ₹1,135 Cr in Q1 FY24 to ₹12,436 Cr in Q3 FY26, a 995.7% change over 11 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q3 FY26₹12,436 Cr+7%
Q2 FY26₹23,115 Cr—
Q1 FY26₹11,444 Cr—
Q4 FY25₹12,591 Cr—
Q3 FY25₹11,743 Cr—
Q2 FY25₹11,846 Cr+2.74%
Q1 FY25₹11,280 Cr—
Q4 FY24₹12,254 Cr—
Q3 FY24₹11,820 Cr—
Q2 FY24₹11,530 Cr+1.6%
Q1 FY24₹1,135 Cr+2%

What management said about revenue

G

Q1 FY26 · FY26 capitalization target of INR 22,000 crore

The company expects to commission projects worth INR 22,000 crore in FY26, with quarterly targets of INR 3,000 cr (Q2), INR 7,000 cr (Q3), and INR 8,000 cr (Q4).

G

Q4 FY25 · Capitalization of INR 23,000-25,000 crore in FY26

Management expects capitalization of INR 23,000-25,000 crore in FY26, up from INR 9,014 crore in FY25.

G

Q2 FY25 · Capitalization to reach INR 35,000-40,000 crore in 2-3 years

Capitalization is expected to ramp up to INR 35,000-40,000 crore per annum as projects are commissioned.

G

Q2 FY25 · Target win rate of ~50% in TBCB projects

Management expects to win about 50% of upcoming TBCB projects, translating to INR 192,000 crore additional orders by 2032.

G

Q1 FY25 · Capitalization target of INR 18,000 crore in FY25

Target to commission projects worth INR 18,000 crore in FY25, with INR 25,000-30,000 crore expected in each of FY26 and FY27.

G

Q1 FY25 · Bidding pipeline of INR 100,000+ crore

Over INR 100,000 crore of transmission projects are in the pipeline, with 70-80% expected to be awarded in FY25.

G

Q4 FY24 · Capitalization target of INR 15,000-16,000 crore in FY25

Capitalization is expected to double from INR 7,638 crore in FY24 to around INR 15,000-16,000 crore in FY25.

G

Q2 FY24 · FY25 capitalization target of INR 17,000 crore

Capitalization expected to rise to ~INR 17,000 crore in FY25 from INR 10,000 crore in FY24.

G

Q1 FY24 · Accelerate CNG station rollout in ODO/DODO format

Focus on adding more CNG stations in ODO and DODO formats to expand network rapidly.