Power Grid Quarterly Results Q1 FY27

Power Grid Corporation of India reported a mixed Q1 FY27 performance. Total income increased 2% year on year to ₹11,697 crore, while profit after tax declined about 1% to ₹3,598 crore. EBITDA increased slightly to ₹9,581 crore.

• Total income rose to ₹11,697 crore
• PAT declined slightly to ₹3,598 crore
• EBITDA increased slightly to ₹9,581 crore
• Transmission income grew three percent year-on-year
• Consultancy income jumped nineteen percent year-on-year
• Telecom income fell nineteen percent year-on-year

If you already own Power Grid shares, these results can help you understand whether the company's main business is growing and whether profits are keeping pace.

Power Grid earned consolidated total income of ₹11,697 crore in Q1 FY27, up from ₹11,444 crore in Q1 FY26. This was an increase of about 2% year on year.

However, profit after tax fell slightly. PAT stood at ₹3,598 crore, compared with ₹3,631 crore in Q1 FY26.

This means the company earned more income during the quarter, but its final profit was slightly lower.

Here is a simple comparison of Power Grid's consolidated Q1 FY27 performance with Q1 FY26:

The numbers show that Power Grid's core transmission business continued to provide most of its income.

Power Grid's total income increased, but PAT declined about 1% year on year to ₹3,598 crore.

This is why you should not judge a company's quarter only by looking at revenue or income. Higher income does not always mean higher final profit.

EBITDA stood at ₹9,581 crore, compared with ₹9,527 crore in Q1 FY26. This was an increase of around 1%.

For an investor, EBITDA can help show how the company's main operations performed before interest, tax, depreciation, and amortisation.

Consultancy recorded the strongest percentage growth among Power Grid's reported business segments.

Consultancy income increased from ₹329 crore in Q1 FY26 to ₹391 crore in Q1 FY27. This was growth of around 19% year on year.

Transmission income also increased. It rose from ₹10,620 crore to ₹10,905 crore, representing growth of around 3%.

Telecom moved in the opposite direction. Telecom income fell from ₹247 crore to ₹201 crore, a decline of around 19%.

For investors, this shows why checking individual business segments matters. One part of a company can grow even when another part slows down.

Power Grid continued to operate a large electricity transmission network during Q1 FY27.

As of 30 June 2026, the company reported:

• 1,86,595 circuit kilometres of transmission lines
• 291 transmission substations across its network
• 6,34,516 MVA total transformation capacity
• 99.80% system availability during Q1 FY27

The company also commissioned 1,635 circuit kilometres of transmission lines and 10,500 MVA of transformation capacity during Q1 FY27.

High system availability is important for a transmission company because its business depends on keeping electricity transmission infrastructure operational.

Yes. Power Grid's capital expenditure increased during Q1 FY27.

Capital expenditure stood at ₹7,765 crore, compared with ₹6,981 crore in Q1 FY26.

Capitalisation also increased sharply to ₹5,277 crore, compared with ₹1,683 crore in the corresponding quarter.

Capital expenditure means money spent on assets and projects such as transmission lines, substations, and related infrastructure.

For an investor, higher spending can support future expansion. However, you should also check whether new projects start generating the expected income over time.

Do not look only at whether profit increased or decreased.

Power Grid's Q1 FY27 results show three different signals. Total income grew, EBITDA increased slightly, and PAT fell slightly.

If you are tracking the company, keep an eye on transmission income, new project commissioning, capital expenditure, debt, and profit growth in coming quarters.

Also check whether consultancy continues to grow and whether telecom income recovers.

Quarterly results are only one part of company analysis. Share prices can also move because of valuations, interest rates, regulations, project execution, and overall stock market conditions.

Power Grid's Q1 FY27 results show steady growth in its main transmission business. Total income rose 2% to ₹11,697 crore, and EBITDA increased to ₹9,581 crore. PAT, however, slipped about 1% to ₹3,598 crore.

Consultancy income grew strongly, while telecom income declined. Investors should therefore look beyond one profit number and track business growth, project execution, capital spending, debt, and future quarterly results before forming a view on the stock.