Power Grid Corporation of India falls on slip in Q1 profit

Power Grid of India

06/08/2026 05:31

** Shares of Power Grid Corporation of India PGRD.NS fall 3.27% to 272.55 rupees 
** Co posts 0.88% y/y drop in Q1 profit to 35.98 billion rupees ($378.25 million), revenue up 2.68% y/y
** Brokerage Motilal Oswal says near-term earnings could stay subdued due to higher equity base and delayed capitalization of new projects
** Strong transmission pipeline supports long-term growth, but investors awaiting faster pace of project capitalization, the brokerage adds
** PGRD rated "buy" on average by 23 analysts, median PT at 332 rupees --data compiled by LSEG
** YTD stock up 3.68%
     
($1 = 95.1225 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_ ))