Shares of Power Grid Corporation of India fell more than 3% in early trade on Monday after the state-run power transmission major reported a mixed set of results for the fourth quarter ended March 2026.
At 9:22 AM IST, Power Grid shares traded near the day’s low after investors reacted to a decline in revenue and operating profitability despite a rise in net profit.
The stock touched an intraday low of Rs 293.25, while the day’s high stood at Rs 298.45. The stock opened at Rs 296.30 against the previous close of Rs 305.85. Live trading volume stood at 19,53,993 shares.
On a yearly basis, Power Grid’s consolidated revenue declined 5.0% to Rs 11,666 crore in Q4FY26 compared to Rs 12,275 crore in the corresponding quarter last year.
EBITDA fell 11.3% year-on-year to Rs 9,066 crore from Rs 10,224 crore, reflecting pressure on operational performance during the quarter. EBITDA margin also contracted sharply by 560 basis points to 77.7% from 83.3% a year ago.
However, the company reported a 9.7% rise in net profit at Rs 4,546 crore versus Rs 4,143 crore in the year-ago period, helping limit deeper losses in the stock.
Despite the increase in bottom-line profit, investors appeared concerned about weaker revenue growth and margin compression, leading to selling pressure in the counter during morning trade.
Power Grid shares have touched a 52-week high of Rs 324.95 and a 52-week low of Rs 250.00.