Power Grid Q3 FY25 Earnings: Profit Drops 4% to ₹3,861.6 Crore, Declares ₹3.25 Dividend

Power Grid Corporation of India reported a 4.1% drop in net profit for the October-December quarter (Q3FY25), falling to ₹3,861.6 crore from ₹4,028.3 crore in the same period last year. Revenue from operations also fell 3% to ₹11,233 crore, compared to ₹11,579.8 crore a year ago.

Key Financial Metrics

• Total income decreased to ₹11,743.06 crore from ₹11,819.70 crore in Q3FY24.
• Total expenses were reduced to ₹6,828.65 crore, down from ₹7,076.49 crore in the previous year.
• Power Grid’s shares fell 2.09%, closing at ₹283.90 on the BSE.

Dividend Announcement

The company’s board approved a second interim dividend of ₹3.25 per share (32.50% of paid-up equity capital) for FY25. The dividend will be paid on February 28, 2025, with the record date set for February 7, 2025.

New Investment Plan

Power Grid’s board also approved a ₹370.02 crore investment to implement a LILO (Line-In Line-Out) of 400kV Vindhyachal PS-Sasan D/C line at Hindalco Switchyard. The project is expected to be completed within 30 months from December 2026.

About Power Grid Corporation of India Limited

Power Grid Corporation of India is a government-owned company under the Ministry of Power, Government of India. It primarily focuses on transmitting large amounts of electricity across various states in India and is based in Gurugram.

Power Grid share price is currently priced at ₹279.40, showing a decline of ₹4.40 (1.55%) as of 10:35 AM IST on February 4. The stock opened at ₹281.00, reached a high of ₹282.75, and a low of ₹272.10 during the trading session. Over the past 52 weeks, the stock has hit a high of ₹366.25 and a low of ₹257.65.

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