Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — H1FY26 Earnings Presentation
38 slides from Power Grid Corporation Of India's earnings presentation, Nov 4, 2025
Slide 1: Exchange filing cover letter for investor webinar presentation
04th November, 2025 To To The General Manager (Listing) The General Manager (Listing) National Stock Exchange of India Limited BSE Limited Exchange Plaza, C 1/G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai. Bandra (East), Mumbai. Reference: NSE-SCRIP ID: POWERGRID; BS
Slide 2: Investor Presentation
Investor Presentation November 04, 2025 Transmitting Power, Transforming Lives Tower Loc. # 513 & 514, 400kV D/C NNTPS-PONDY-SVC LILO Line
Slide 3: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: ▪ This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 4: Overall Agenda
Overall Agenda Key Highlights Project Execution Operations Financials Other Businesses Business Outlook ESG, CSR & Accolades 3
Slide 5: Powered by Purpose: India's Flagship Power Transmission Utility
Powered by Purpose India's FLAGSHIP Power Transmission Utility MAJOR SHAREHOLDING# SUBSIDIARIES: 74 | JOINT VENTURES: 13 GoI: 51.34% | FIIs: 25.67% | DIIs: 19.39% # As on 30.09.2025 MOU RATING: “Excellent” SINCE DIVIDEND PAYING LEGACY 1993-94 Since 1993 CREDIT RATINGS Domestic International* Interna
Slide 6: Governance That Energizes Growth
Governance That Energizes Growth Dr. R. K. Tyagi Chairman & Managing Director Dr. Yatindra Dwivedi Sh. Vamsi Rama Mohan Burra Sh. G. Ravisankar Sh. Naveen Srivastava Director (Personnel) Director (Projects) Director (Finance) Director (Operations) Dr. Saibaba Darbamulla Sh. Abhay Bakre Sh. Shiv Tapa
Slide 7: Unmatched Scale, Unrivaled Reliability
Unmatched Scale, Unrivaled Reliability STRENGTHENING THE GRID TO MEET CURRENT AND FUTURE POWER DEMAND Transmission Lines Sub-Stations IR* capacity System Availability 1,553 nos. 287 nos.# ~101 GW 99.83% 1,81,054 ckm 5,82,516 MVA 84% of total IR * Inter-Regional Capacity >2,90,000 18 70 168 31 20 201
Slide 8: Innovation Milestone
Financial Highlights –Q1FY21 (Standalone) Innovation Milestone POWERGRID achieves another first in India: Testing of Insulated Cross Arms for 400kV Lines First-ever successful mechanical testing of indigenously developed 01 Insulated Cross Arms at the 400kV voltage level in India Enables ~20% reduct
Slide 9: Mobile Gas Insulated Switchgear (MGIS) procured
Financial Highlights –Q1FY21 (Standalone) Mobile Gas InsulatedSwitchgear Mobile Gas Insulated Switchgear(MGIS) (MGIS) procured 01 India’s First 220kV MOBILE GIS bay Completely Designed and Manufactured jointly by TOSHIBA & POWERGRID 02 MGIS bay comprises complete arrangement of trailer mounted GIS s
Slide 10: Development of Indigenous Supply chain for HVDC Technology
Financial Highlights –Q1FY21 (Standalone) Development of Indigenous Supply chain for HVDC Technology • POWERGRID has been accorded in-principle approval for upgradation of Sasaram HVDC project at an estimated cost of ₹3,440 Cr. under RTM since the project is approaching end of its useful life. • 500
Slide 11: ITAMS Global Benchmarking
ITAMS Global Benchmarking ▪ POWERGRID recognised among leading global transmission utilities in the International PGI* Transmission Asset Management System (ITAMS) benchmarking study by Ohros Consulting Group B.V., The Netherlands ▪ Ranked in first quadrant (high score in Asset Management practices
Slide 12: Project Execution
Financial Highlights –Q1FY21 (Standalone) Project Execution Capex & Commissioning Major Elements Commissioned 11
Slide 13: Capex & Capitalization
Capex & Capitalization Capex Capitalization# (₹ in crore) (₹ in crore) 4,587 * 15,385 4,006 10,002 8,404 2,205 1,686 5,387 Q2 6M Q2 6M FY25 FY26 FY25 FY26 Consolidated Consolidated # Exclusive of FERV # Includes assets capitalised as Finance Lease *As on date 12
Slide 14: Major Elements Commissioned (till date)
Financial Highlights –Q1FY21 (Standalone) Major Elements Commissioned (till date) ~ 857 ckm TRANSMISSION LINE AND 30,555 MVA TRANSFORMATION CAPACITY COMMISIONED Transformation Capacity (MVA) Transmission Line (Ckm) • 3 nos. 765/400 kV 1500 MVA ICTs at KPS #3 765 kV Khavda-II – Khavda-III Ckt #1&2 •
Slide 15: Operations
Financial Highlights –Q1FY21 (Standalone) Operations Key Operating Metrics 14
Slide 16: Key Operating Metrics
Financial Highlights –Q1FY21 (Standalone) Key Operating Metrics AVAILABILITY ANNUAL TRIPPING PER LINE 99.83% 99.85% 99.83% 0.36 99.78% 99.82% 99.82% 0.33 99.75%* 0.27 0.28 0.27 0.17 FY21 FY22 FY23 FY24 FY25 Upto FY21 FY22 FY23 FY24 FY25 Upto H1FY26 H1FY26 * Full incentive capped at 99.75% 15
Slide 17: Financials
Financial Highlights –Q1FY21 (Standalone) Financials Financial Metrics Snapshot Financial Performance Other Key Financial Information Commercial Performance 16
Slide 18: Financial Metrics Snapshot (H1FY26)
Financial Highlights –Q1FY21 (Standalone) Financial Metrics Snapshot (H1FY26) Total Income EBITDA Profit After Tax ₹23,115 Cr. ₹19,109 Cr. ₹7,197 Cr. Net Worth Gross Fixed Assets# Debt : Equity ₹98,932 Cr. ₹2,95,148 Cr. 58:42 # Including Gross Lease Receivables (All information on Consolidated Basis
Slide 19: Performance (Consolidated)
Financial Highlights –Q1FY21 (Standalone) Financial Performance (Consolidated) Growth Growth Description Q2FY26 Q2FY25 H1FY26 H1FY25 (%) (%) Income ❑ Transmission Charges 10,736 10,877 (1) 21,356 21,543 (1) ❑ Consultancy Services 492 134 267 821 255 222 CONSOLIDATED ❑ Telecom 248 267 (7) 495 486 2 ❑
Slide 20: Performance (Standalone)
Financial Highlights –Q1FY21 (Standalone) Financial Performance (Standalone) Growth Growth Description Q2FY26 Q2FY25 H1FY26 H1FY25 (%) (%) Income ❑ Transmission Charges 9,867 10,153 (3) 19,639 20,116 (2) ❑ Consultancy Services 133 107 24 289 213 36 STANDALONE ❑ Other Income 1,348 1,123 20 2,677 1,90
Slide 21: Financial Performance
Financial Highlights –Q1FY21 (Standalone) Financial Performance Description Standalone Consolidated As on 30.09.25 As on 30.09.24 As on 30.09.25 As on 30.09.24 ❑ Gross Fixed Assets$ (₹ in crore) 2,66,164 2,62,270 2,95,148 2,85,149 ❑ Capital Work-in-Progress# (₹ in crore) 13,771 11,221 47,782 25,391
Slide 22: Other Key Financial Information
Financial Highlights –Q1FY21 (Standalone) Other Key Financial Information Description Q2FY26 Q2FY25 ❑ Income for previous periods (Consol.) 93 229 ❑ Int. on differential tariff* 296 182 ❑ Int. from Subsidiaries & JVs* 794 496 ❑ Incentive (Consol.) 159 70 ❑ Dividend from JVs* 24 60 ❑ Dividend from Su
Slide 23: Commercial Performance (Apr'25 - Sep'25)
Commercial Performance (Apr’25 - Sep’25) ₹18,248 Cr. ₹18,737 Cr. 102.7% BILLING REALIZATION % REALIZATION Outstanding dues (at end of Quarter) (₹ in Cr.) 3,151 2,899 MAJOR DUES# 1,352 1,387 1. Tamil Nadu 19.41* 2. Uttar Pradesh 15.16* 3. Telangana 1,799 1,512 Q1FY26 Q2FY26 O/s > 45 days O/s < 45 day
Slide 24: Other Businesses
Financial Highlights –Q1FY21 (Standalone) Other Businesses Telecom Consultancy 23
Slide 25: Telecom Highlights
Financial Highlights –Q1FY21 (Q2FY26) (Standalone) Telecom Highlights Revenue from Operation# ₹544 Cr. (H1FY25) ₹570 Cr. (H1FY26) # On consolidated basis before elimination of inter-segment revenue 01 02 03 04 HIGHLIGHTS Orders Received Customers added Backbone Telecom Network (incl. multi-year) Ava
Slide 26: Consultancy Highlights (Q2FY26)
Financial Highlights –Q1FY21 (Standalone) Consultancy Highlights (Q2FY26) Revenue from Operation (On consolidated basis) ₹255 Cr. (H1FY25) ₹821 Cr.* (H1FY26) * New Business of Smart Meter of PESL in H1 FY 2025-26 for ₹484 Cr. DOMESTIC INTERNATIONAL Opportunities in RE, Intra-State, Diversion, Pursui
Slide 27: Business Outlook
Financial Highlights –Q1FY21 (Standalone) Business Outlook Key Enablers Execution Pipeline Capex Commitment 26
Slide 28: Key Enablers
Key Enablers Strategic Drivers of India's Green Energy Future… Ascending India Clean Energy Commitments* $10 Trillion economy; rapid industrialization & > 600 GW non-fossil fuel capacity by 2032 urbanization ~ 71 GW additional electricity demand from EVs, Green Hydrogen, Data Centers to green hydrog
Slide 29: Brahmaputra Basin Transmission Outlook
Brahmaputra Basin Transmission Outlook ~76 GW* HYDROELECTRIC POTENTIAL ACROSS 12 SUB-BASINS OF BRAHMAPUTRA Transformation Capacity + Timeframe Transmission lines (ckm) Estimated Cost (₹ Cr.) HVDC capacity (MVA+MW) Upto 2035 9,922 41,760 1,91,009 Beyond 2035 21,475 68,175 4,51,935 Grand Total 31,397
Slide 30: Strong Visibility Ahead
Strong Visibility Ahead Record Works in Hand Reflect Strong Sectoral Growth Momentum… Works in Hand TBCB Works in Hand 155K CAGR 152K (FY20 – H1FY26) ~22% 105K 103K 80K TBCB Works in 52K 53K 50K Hand CAGR 41K 39K (FY20 – H1FY26) 18K 15K 12K 13K ~48% FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 *Figures in ₹
Slide 31: Execution Pipeline: Building a Sustainable Energy Future Together
Execution Pipeline Building a Sustainable Energy Future Together… TARIFF BASED COMPETITIVE BIDDING NEW REGULATED TARIFF MECHANISM ₹1,02,992 Cr. Works in ₹37,100 Cr. Hand# ₹1,52,287 Cr. OTHERS ONGOING REGULATED TARIFF MECHANISM Includes: Cross-Border, Data Centre, Smart Metering ₹9,542 Cr. ₹2,653 Cr.
Slide 32: Capex Commitment
Capex Commitment Leading Energy Transition for a Sustainable Future… TBCB RTM OTHERS (incl. Non-DCO*) ₹19,062 Cr. ₹3,554 Cr. ₹5,384 Cr. #1 #2 #3 FY 2025-2026: ₹28,000 Cr. *DCO: Direct Capital Outlay 31
Slide 33: CSR & Accolades
CSR & Accolades ESG Updates CSR Recent Accolades 32
Slide 34: ESG Updates
ESG Updates SOCIAL ENVIRONMENTAL POWERGRID now operates eight Pink Substation, promoting gender diversity and building inclusive workplaces ENERGY MANAGEMENT Green Tariff accounts for 33% share of renewables ~29% of power in total power consumption consumption WATER MANAGEMENT Total Rainwater Harves
Slide 35: CSR: Powering Communities, Empowering Lives
CSR: Powering Communities, Empowering Lives 01 Green Mobility IN HEALTHCARE 02 DRIVING IMPACT IN ADVANCED Cancer Care POWERGRID donated electric buses to AIIMS Handed over India’s first ring gantry Linear New Delhi - promoting clean transport, reducing Accelerator (LINAC) machine at Homi Bhabha carb
Slide 36: Recent Accolades (1/2)
Recent Accolades (1/2) Hon’ble President of India confers SCOPE Eminence Rajbhasha Kirti - First Prize to POWERGRID on the Award for Human Resource Management to POWERGRID occasion of Hindi Diwas 35
Slide 37: Recent Accolades (2/2)
Recent Accolades (2/2) Director (Personnel) conferred “People’s Leader SKOCH Gold Award for the CSR project “Education for of the Year 2025” award Violence Affected Children” in Manipur, Assam, and Chhattisgarh POWERGRID wins “Exceptional Employee 56th EEPC India National Award: Star Performer Exper
Slide 38: Thank You
THANK YOU www.powergrid.in
Power Grid Corporation of India — H1FY26 Earnings Presentation on 6ix