Power Grid Corporation of India Q2 Results: Net profit up 8%; approves ₹3 interim dividend

State-owned Power Grid Corporation of India Ltd on Sunday reported an 8.41% year-on-year increase in consolidated net profit to ₹3,866.16 crore for the quarter, compared with ₹3,566.08 crore in the corresponding period last year.Consolidated revenue from operations increased 2.97% year-on-year to ₹11,816.22 crore from ₹11,475.95 crore. On a sequential basis, net profit rose 7.44%, while revenue increased 2.78%.Also, the company's board has approved its first interim dividend of ₹3 per equity share of ₹10 each for the financial year 2026-27. The dividend amounts to 30% of the company's paid-up equity share capital.

The record date for determining eligible shareholders has been fixed as Friday, November 6, 2026.ALSO READ | Power Grid posts steady Q1 results as transmission business lifts revenueThe first interim dividend will be paid to eligible members on Monday, November 30, 2026.Further, Power Grid Corporation of India's board has approved the sale and transfer of its entire equity stake in Central Transmission Utility of India Ltd , a wholly owned subsidiary, to Grid Controller of India Limited , the company said on Sunday .The transaction will be carried out at a purchase price comprising an initial payment of ₹73.46 crore and a subsequent true-up amount. The initial payment has been arrived at after adjusting the net asset value of ₹76.85 crore as of September 30, 2026, for specified liability deductions of ₹3.39 crore.The final true-up amount will be determined based on the valuation for the period from September 30, 2026, to the closing date. The closing date will fall within three months from the date of signing of the share purchase agreement .ALSO READ | Power Grid Q4 | Profit beats Street rising 10%, other metrics fall short; declares dividendOn Friday , shares of Power Grid Corporation of India Ltd ended at ₹264.50, up by ₹4.10, or 1.57%, on the BSE.