PowerGrid Share Price Drops for 6th Consecutive Session; Down 1% on February 12, 2025

Power Grid Corporation of India Ltd saw a decline in its share price, dropping by 1.26% to ₹258.15 at 12:05 PM on the NSE. The stock opened at ₹259.50, reaching a high of ₹262.10 and a low of ₹254.00.

The drop in Power Grid Corporation’s share price on February 12, 2025, added to its recent losing streak, marking the 6th consecutive session of losses, bringing the total decline to approximately 3.4%.

Q3 FY25 Financial Highlights

Power Grid Corporation of India reported a 4% decline in net profit for Q3FY25, falling to ₹3,861.6 crore, down from ₹4,028.3 crore in the same period last year.

The state-run Maharatna company’s revenue from operations for the quarter dropped by 3%, reaching ₹11,233 crore, compared to ₹11,579.8 crore in Q3FY24.

Despite this, Power Grid managed to reduce its expenses to ₹6,828.65 crore, from ₹7,076.49 crore a year ago. The company’s total income decreased slightly to ₹11,743.06 crore from ₹11,819.70 crore in Q3FY24.

The board also approved a second interim dividend of ₹3.25 per share for FY25, to be paid on February 28, 2025, to shareholders on record as of February 7, 2025.

PowerGrid Acquires Transmission Projects

On January 16, 2025, Power Grid Corporation of India successfully acquired Gadag II and Koppal II Transmission Limited (GIIKIITL) under the Tariff Based Competitive Bidding (TBCB) route.

This acquisition, valued at ₹13.24 crore, includes 10,000 equity shares at par and the transfer of assets and liabilities. GIIKIITL will focus on strengthening the power transmission system between Koppal-II and Gadag-II in Karnataka.

The project, which aims to integrate renewable energy generation projects, is expected to enhance PowerGrid’s operational capacity. Regulatory approvals are in place, with future approvals from the Central Electricity Regulatory Commission (CERC) required for transmission license grants.

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