Power Grid Corp Of India Ltd (BOM:532898)
₹ 269.4 +0.050 (+0.02%) Market Cap: 2.51 Tn Enterprise Value: 3.97 Tn PE Ratio: 15.75 PB Ratio: 2.49 GF Score: 81/100

Q3 2025 Power Grid Corporation of India Ltd Earnings Call Transcript

Feb 4, 2025 / 05:30 AM GMT
Release Date Price: ₹285.15 (-0.21%)

Key Points

Positve
  • Power Grid Corp Of India Ltd (BOM:532898) maintained a high transmission system availability of 99.81%, aligning with world-class utilities.
  • The company secured seven ISTS TBCB projects with a levelized tariff of INR2,077 crore, enhancing its project portfolio.
  • Power Grid Corp Of India Ltd (BOM:532898) implemented innovative technologies like dynamic line weighting and vegetation management for transmission lines, marking a first in India.
  • The company signed a USD200 million green loan agreement with Sumitomo Mitsui Banking Corporation, Japan, to fund renewable energy projects.
  • Power Grid Corp Of India Ltd (BOM:532898) reported a strong financial performance with a profit after tax of INR11,017 crore on a standalone basis for the last nine months.
Negative
  • The company faces challenges in land acquisition and equipment supply, particularly for high voltage transformers and GIS, which could delay project timelines.
  • There was a reduction in interim dividend per share due to increased CapEx requirements, impacting shareholder returns.
  • Power Grid Corp Of India Ltd (BOM:532898) experienced a loss contribution from its JV EESL, amounting to INR140 crore for the nine months.
  • The company is unable to monetize assets via its InvIT due to new national monetization pipeline guidelines, affecting its asset monetization strategy.
  • Revenue from operations showed a decline due to the structure of regulated tariff income, which decreases annually as interest on loans reduces.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PGRD.NS - Power Grid Corporation of India Ltd
Q3 2025 Power Grid Corporation of India Ltd Earnings Call
Feb 05, 2025 / 05:30AM GMT

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Conference Call Participants
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* Bharanidhar Vijayakumar
* Anuj Upadhyay

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Presentation
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Unidentified Participant [1]
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Good morning, everyone. On behalf of ICICI Securities, I extend a very warm welcome to all of you for the analyst meet of Power Grid Corporation of India Limited.

Today, our senior management team is there to discuss the company's business post Q3 and nine-month financial results. It is my pleasure to introduce senior management team of Power Grid. We have with us Shri R.K. Tyagi, Chairman and Managing Director; Shri G. Ravisankar, Director Finance and CFO; Dr. (inaudible), Director Personnel; and Shri Naveen Srivastava, Director Operations;
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