Power Grid Q4 FY26 Results: Profit ₹4,546 Cr, ₹9 Dividend

What Power Grid reported in Q4 FY26

Power Grid Corporation of India Limited (NSE: POWERGRID) announced its Q4 FY26 results, keeping investor attention on the stock’s dividend profile and regulated-utility cash flows. The company reported a net profit of ₹4,546 crore for the quarter, according to the shared update. The FY26 dividend payout was stated at ₹9 per share, reinforcing Power Grid’s positioning among dividend-paying PSUs. The update also noted mild pressure on revenue, even as the broader business continues to benefit from stable, regulated earnings.

Why the result matters for a PSU utility stock

Power Grid is a key part of India’s electricity transmission backbone, moving power from generation to distribution nodes nationwide. The company also has telecom and consultancy operations, adding non-transmission revenue streams. For investors, the stock is often tracked for stability, dividends, and predictable cash flows, given the regulated nature of transmission. In parallel, India’s renewable energy build-out requires large-scale transmission expansion, which keeps the sector in focus.

Revenue and profit indicators mentioned across sources

Alongside the Q4 FY26 profit figure of ₹4,546 crore, other disclosed datasets in the material point to quarterly financial trends and estimates. One set of numbers lists last-quarter revenue at ₹11,196 crore versus an estimate of ₹11,401 crore. The same dataset lists quarterly net income at ₹3,631 crore, down from ₹4,143 crore in the previous quarter, a reported change of -12.37%. Another section cites Q4 total income of ₹12,482 crore and consolidated PAT of ₹4,143 crore (in a separate FY24-25 context), indicating multiple reporting references captured from different snapshots.

Dividend: what was announced and the dividend history table

The shared note states total FY26 dividend payout reached ₹9 per share. A dividend table included interim dividends of ₹3.25 per share (announced Jan 23, 2026; ex-date Feb 09, 2026) and ₹4.50 per share (announced Oct 24, 2025; ex-date Nov 10, 2025), along with a final dividend of ₹1.25 per share approved for FY2025-26. Separately, management commentary in the provided transcript also referenced a cash dividend of ₹10.5 per share “during the financial year,” highlighting how dividend disclosures can differ by period and accounting framing.

Stock price snapshots and near-term movement

Multiple price snapshots were included in the provided material, reflecting different trading days. One excerpt shows POWERGRID at ₹316.40 to ₹316.45 with a daily change of about -0.85% to -0.86%. Another snapshot lists a close of ₹319.15 (date not specified in the text block). A separate price reference states the stock moved up 0.21% from ₹295.50 to ₹296.10, and another quote lists the current price as ₹288.25 with a 24-hour move of -0.96%.

Fundamentals and operating metrics highlighted

The data pack lists market cap at ₹2,75,484 crore, while another market-cap snapshot shows about ₹2,71,000 crore. Reported valuation and profitability metrics included ROE of 15.37%, P/E (TTM) of 17.75, EPS (TTM) of 16.69, and P/B of 2.78. Dividend yield was listed around 3.04% to 3.09% in different snapshots. Operationally, Power Grid’s transmission system availability was cited at 99.85% (and 99.82% in another section), placing emphasis on uptime, which matters for regulated returns.

Analyst recommendations, targets, and rating mix

The analyst section showed a “BUY” consensus based on mean recommendations from 22 analysts. Two brokerage targets explicitly listed were ₹385 (ICICI Securities) and ₹425 (Motilal Oswal Financial Services). The ratings distribution table showed (current): Strong Buy 7, Buy 6, Hold 6, Sell 3, with 22 analysts tracked. Another analyst-estimate panel gave a wider range with a maximum estimate of ₹370 and minimum estimate of ₹240, indicating dispersion depending on the platform and methodology.

Technical and risk indicators mentioned

Technical summary in the provided material described the stock as “neutral” on the day and “neutral” over one week, while the one-month rating was described as a “buy signal.” The stock’s beta (1Y) was listed at 0.94, and volatility was stated at 2.02%. One excerpt noted two “warning signs” flagged by a research source, without specifying the details in the provided text.

Community sentiment and investor commentary

Community sentiment data showed 100% BUY, 0% SELL, 0% HOLD among the referenced user set, and said moneycontrol users recommend buying Power Grid Corp. The same section also included a user comment suggesting the Q4 results were “not encouraging” and advising “buy in the dips for long term investment,” reflecting mixed reactions even when the aggregate recommendation skews positive.

Key numbers at a glance

What to watch next

The material includes an “Next report date” entry of November 3, alongside an EPS estimate of 4.35 and revenue estimate of ₹11,238 crore for the next quarter. For investors tracking Power Grid primarily for dividends and steady returns, the key variables remain the pace of transmission additions linked to renewable integration, the stability of regulated returns, and clarity on dividend policy across interim and final payouts. Future updates around earnings and project execution will likely drive incremental changes in estimates and target prices.