Power Grid Q2 FY27: consolidated total income up 3%, profit after tax up 8%; FY27 capex guided at ₹37,000-40,000 crore
Q2 FY27 consolidated total income up 3% to ₹12,055 crore and profit after tax up 8% to ₹3,867 crore.
By ScoutQuest · · 1 min read
- Q2 FY27 consolidated total income
- ₹12,055 crore, up 3% from ₹11,670 crore
- Q2 FY27 profit after tax
- ₹3,867 crore, up 8% from ₹3,566 crore
- FY27 capex guidance
- ₹37,000-40,000 crore
- Period
- Q2 FY27 and H1 FY27
- Positioning
- Presented as India's flagship power transmission utility, with ₹3.29 lakh crore+ gross fixed assets, 1,87,576 ckm of transmission lines and 6,49,116 MVA of transformation capacity on a consolidated basis.
📈 Consolidated total income rose to ₹12,055 crore in Q2 FY27 from ₹11,670 crore a year earlier (up 3%), with EBITDA of ₹10,166 crore against ₹9,880 crore and profit after tax of ₹3,867 crore against ₹3,566 crore (up 8%). For H1 FY27, profit after tax was ₹7,465 crore against ₹7,197 crore on total income of ₹23,752 crore.
📌 Collections held up: H1 FY27 billing was ₹22,327 crore against ₹18,248 crore and realisation ₹22,806 crore against ₹18,737 crore, though the realisation rate slipped to 102.1% from 102.7%. Dues beyond 45 days improved, with receivable days at 10.54 in Q2 FY27 versus 15.16 in Q2 FY26.
🏭 Q2 FY27 commissioning was 981 ckm of transmission lines and 14,600 MVA of transformation capacity, taking H1 FY27 to 2,616 ckm and 25,100 MVA; capex rose to ₹9,099 crore in Q2 FY27 (from ₹8,404 crore) and capitalisation to ₹4,023 crore (from ₹2,205 crore). Management guides FY27 capex at ₹37,000-40,000 crore and capitalisation at ₹25,000-30,000 crore.
📉 Leverage and returns moved the other way: consolidated debt rose to ₹1,51,207 crore as on 30.09.26 from ₹1,35,923 crore, return on net worth for H1 fell to 6.99% from 7.27%, and Q2 FY27 segment revenue was ₹283 crore in telecom (from ₹291 crore) and ₹396 crore in consultancy (from ₹492 crore).
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More numbers
- Total income, Q2 FY27 consolidated12,055 (₹ crore)
- Profit after tax, Q2 FY27 consolidated3,867 (₹ crore)
- EBITDA – Gross Margin, Q2 FY27 consolidated10,166 (₹ crore)
- Profit after tax, H1 FY27 consolidated7,465 (₹ crore)
- Billing, H1 FY27₹22,327 crore
- Realisation, H1 FY27₹22,806 crore
- Debt, consolidated as on 30.09.261,51,207 (₹ crore)
- Return on Net Worth, H1, consolidated6.99 (%)
- Capex, Q2 FY27 consolidated9,099 (₹ crore)
- Capitalisation, H1 FY279,300 (₹ crore)
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