Power Grid Corporation of India shares fell sharply by over 3% in early trade on Tuesday after the company reported a decline in profitability for the September 2025 quarter. As of 9:34 AM, the shares were trading 2.88% lower at Rs 279.70.
In its Q2FY25 results, Power Grid posted a net profit of ₹3,566 crore, down 6% year-on-year from ₹3,793 crore in the same quarter last year. The decline in profitability was largely driven by lower operating performance and higher expenses.
The company’s revenue from operations increased slightly by 1.8% to ₹11,476 crore, compared to ₹11,277 crore a year ago, indicating steady business activity but slower growth momentum.
Operating performance weakened, with EBITDA dropping 6.1% to ₹9,114 crore from ₹9,701 crore last year. Consequently, EBITDA margin contracted to 79.4%, down from 86% in the corresponding period of the previous year.
In the meantime, Power Grid announced an interim dividend of ₹4.5 per share for its shareholders, reflecting continued focus on rewarding investors.
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