Power Grid sinks to Rs 270.50 on Thursday after the company posted a marginal dip in Q1 FY27 consolidated net profit to Rs 3,598 crore.

Here’s what happened. Power Grid’s consolidated net profit for the quarter came in at Rs 3,598.42 crore, marginally lower than Rs 3,630.58 crore in the same period last year.

That’s a fall of less than 1%, so it’s not a dramatic drop, but it was enough to unsettle investors on results day.

Total income for the quarter actually rose, climbing to Rs 11,696.72 crore from Rs 11,444.42 crore a year earlier, showing that the company’s core business kept growing even as profit margins came under some pressure.

Alongside the results, the company also announced a fresh investment. Power Grid approved a Rs 856.94 crore project to upgrade two key 400kV transmission lines in Tamil Nadu, the Tirunelveli-Udumalpet and Pugalur-Madurai corridors, using high-temperature low-sag technology.

This kind of upgrade lets the existing lines carry more power without needing new land or towers. The project is expected to be completed within 24 months, by February 2028.

There’s more happening on the growth side too. During the quarter, Power Grid secured a JPY 80 billion loan from Japan’s JBIC to help fund the Khavda-Nagpur HVDC transmission project.

The company also won five new transmission projects through competitive bidding in the same period, three at the interstate level and two within individual states.

Its overall network now spans close to 1.87 lakh circuit kilometres of transmission lines and 291 substations, running at nearly 99.8% availability.

As of around 12:24 pm on Thursday, Power Grid shares were trading at Rs 271.35 on the NSE, down 3.69% for the day.

Ready to invest like a pro? Tradz by EquityPandit app equips you with 100+ Free tools and knowledge you need to succeed. Download the Tradz by EquityPandit app and gain access to daily stock lists and insightful market analysis and much more!