Power Grid Q4 results miss estimates; board recommends ₹1.25/sh final dividend

India’s state-run Power Grid Corporation reported a 5.1% year-on-year rise in net profit for the quarter ended March 2025, coming in at ₹4,336.2 crore, lower than a CNBC-TV18 poll estimate of ₹4,574 crore.

Revenue from operations fell slightly by 0.6% year-on-year to ₹10,982.6 crore, also trailing the forecast of ₹11,998 crore. EBITDA rose 0.9% to ₹9,222.8 crore from ₹9,142.2 crore a year earlier, while EBITDA margin expanded to 84% from 82.7%. However, it was marginally below the estimated margin of 84.3%.

Sequentially, the company showed moderate growth, with EBITDA and net profit improving on the back of better operational efficiencies, despite a flat top line.

The board of directors recommended a final dividend of ₹1.25 per share for the financial year.

Separately, the board also granted in-principle approval to divest the company’s entire stake in two joint ventures: Torrent Power Grid Ltd, a partnership with Torrent Power Ltd, and Sikkim Power Transmission Ltd, jointly held with Sikkim Urja Ltd. Further details on the transactions will be provided in due course, the company said in a regulatory filing.

Power Grid, a government-owned electric utility company, operates and maintains over 90% of India’s interstate and inter-regional electric power transmission system. It plays a critical role in the country’s power infrastructure and grid stability.

Shares of the company ended 1.2% higher on the BSE today, at a price of ₹301.10.