Power Grid Q2 Results: There is good news for the investors of the government company Power Grid Corporation of India in the stock market. The company has announced the results for the second quarter of the current financial year. The company has seen good growth in earnings this quarter. Along with the quarterly results, the board of the company has taken two major decisions. The first decision is to pay dividends to investors. Another major decision related to the sale of the entire stake in one of its subsidiary companies. These decisions of the company will have a direct impact on its shareholders.
Company’s bumper earnings in second quarter
If we look at Power Grid’s financial results, the company’s performance in the second quarter has been very strong. Year-on-year profit of the company increased by 8.41 percent to ₹ 3,866.16 crore. The company posted a profit of ₹ 3,566.08 crore in the same quarter last year. During this period, the company’s income from operations i.e. income has also increased. The company’s revenue grew by 2.97 percent year-on-year to ₹11,816.22 crore. Even if compared with the previous quarter, the performance of the company has been good. On a quarterly basis, the company’s profit grew by 7.44 percent, while revenue grew by 2.78 percent.
When will the dividend money reach the investors’ pockets?
The company is also going to pass on this additional profit to its shareholders. Power Grid’s board has announced a first interim dividend of ₹3 per share to investors. The face value of the shares of the company is ₹10. If seen in this perspective, the company is giving 30 percent dividend to the investors. Dividends will be benefited by those investors who hold shares of the company till the record date. The company has fixed its record date as 6 November 2026. That is, those who have shares of the company in their demat account till this date will be entitled to this dividend. The dividend will be paid by the company on 30 November 2026.
Power Grid will sell its entire stake in its subsidiary
Along with the quarterly results, the company has also taken a major business decision. Power Grid is going to sell its entire stake in its subsidiary Central Transmission Utility of India Limited (CTUIL). The entire stake will be sold to Grid Controller of India Limited (GRID-INDIA). The starting price of this deal has been fixed at ₹ 73.46 crore. According to the data, as on September 30, 2026, CTUIL’s net asset value was ₹76.85 crore. Of this, the initial price of the deal has been pegged at ₹3.39 crore after deducting certain liabilities. However, the final price of this deal will be decided later. For this, the total value of the company will be assessed from 30 September 2026 till the date of completion of the deal. The deal is expected to close within three months of signing the share purchase agreement.
How were the stocks in the stock market?
If we look at the performance of Power Grid shares in the stock market, on Friday, October 30, it was seen to rise. Shares of the company closed at ₹264.50 on the BSE, up 1.57 percent. However, during the last one year, the share of this government company has seen a decline. The stock has lost 7.99 percent in the last one year. Now when the market opens after the quarterly results, this stock may see movement.
