Power Grid Q4 FY25: Profit ₹4,143 Cr, Dividend ₹1.25

Results headline and why it matters

Power Grid Corporation of India Ltd (PGCIL) reported its audited consolidated results for the January to March quarter (Q4) of FY 2024-25 on May 19, 2025. Net profit for the quarter came in at ₹4,142.87 crore, a marginal 0.6% decline from ₹4,166.33 crore in Q4 FY24. Revenue from operations rose 2.48%-2.5% year-on-year to ₹12,275.35 crore from ₹11,978.11 crore. Despite the near-flat year-on-year profit, the quarter showed a sequential recovery on both profit and revenue. The company also announced a final dividend of ₹1.25 per equity share for FY25, subject to shareholder approval at the upcoming AGM.

Q4 FY25 profit: near-flat year-on-year, higher sequentially

On a sequential basis, Power Grid’s profit after tax (PAT) increased 7% from ₹3,861.63 crore in Q3 FY25 to ₹4,142.87 crore in Q4 FY25. Sequential revenue also improved, rising 9% from ₹11,233 crore in Q3 FY25 to ₹12,275.35 crore in Q4 FY25. The year-on-year dip in profit was modest, even as the company posted higher operating revenue. Power Grid also reported Q4 FY25 total income of ₹12,590.80 crore, compared with ₹12,305.39 crore in Q4 FY24 and ₹11,743.06 crore in Q3 FY25.

FY25 performance: broadly stable versus FY24

For the full year ended March 31, 2025, Power Grid reported consolidated profit of ₹15,521.44 crore, compared with ₹15,573.16 crore in FY24. FY25 revenue from operations stood at ₹45,792.32 crore versus ₹45,843.10 crore in FY24. The company’s total income for FY25 was ₹47,459.38 crore, up from ₹46,913.12 crore in FY24. The company also posted on X that it reported PAT of ₹15,521 crore and total income of ₹47,459 crore for FY25 on a consolidated basis.

Costs rose in Q4 as expenses moved higher

Expenses for Q4 FY25 were ₹7,549.92 crore, higher than ₹7,066.23 crore in Q4 FY24 and ₹6,829 crore in Q3 FY25. The article attributed the rise in operating expenses to higher depreciation, finance costs, and employee costs. The increase in costs helps explain why profit was slightly lower year-on-year despite revenue growth.

Segment check: transmission steady, non-core lines grow

Transmission remained the dominant contributor, with Q4 FY25 transmission revenue at ₹11,711 crore versus ₹11,766 crore in Q4 FY24 and ₹11,141 crore in Q3 FY25. Consultancy revenue rose sharply to ₹517.74 crore in Q4 FY25, compared with ₹235 crore in Q4 FY24 and ₹241 crore in Q3 FY25. Telecom revenue increased to ₹303 crore in Q4 FY25 from ₹250 crore in Q4 FY24 and ₹274 crore in Q3 FY25. The segment mix shows steady performance in the core transmission business alongside faster growth in consultancy and telecom.

Dividend: ₹1.25 final dividend recommended for FY25

The board recommended a final dividend of ₹1.25 per equity share of face value ₹10 each for FY 2024-25. The filing stated this is 12.5% of the paid-up equity share capital and is subject to shareholder approval at the ensuing AGM. If approved, the dividend will be paid within 30 days from the date of declaration at the AGM. The final dividend is in addition to two interim dividends already paid for FY25: ₹4.50 per share paid on December 4, 2024 and ₹3.25 per share paid on February 28, 2025. With the final dividend, total FY25 dividend payout is ₹9.00 per share.

Corporate actions: exit from two joint ventures

Alongside the results, the company announced the sale of its entire stakes and exit from Torrent Power Grid Ltd and Sikkim Power Transmission Ltd. These were joint venture firms with Torrent Power and Sikkim Urja, respectively. The article did not provide transaction values or timelines beyond the announcement.

Stock move and key market data cited

On May 19, 2025, Power Grid shares opened at ₹302.00 and closed at ₹304.25, up 1.35% after the results, and touched a day’s high of ₹304.50. Separately, the provided data noted Power Grid Corporation of India Ltd had a market capitalisation of ₹2,80,645.72 crore, and a share price of ₹301.75 as on May 15, 2026. The same data also mentioned a “last dividend date” of 30/01/2026, a current dividend yield of 4.06%, and an annual dividend payment of ₹12.25.

Key numbers at a glance

What investors will watch next

Power Grid’s FY25 profit and revenue were largely unchanged from FY24, but Q4 showed a sequential improvement in both. The dividend recommendation keeps the company’s payout track record in focus, with FY25 total dividend at ₹9.00 per share after interim distributions. The next formal step is shareholder approval of the final dividend at the AGM, after which payment is due within the statutory timeline stated by the company.