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पावरग्रिड POWERGRID Q1FY27 Investor Presentation • Earnings Update Quarter ended 30 - Jun - 2026 August 07 , 2026 Listings ISIN NSE : POWERGRID BSE : 532898 INE752E01010 765 kV D / C Koppal II PS - Raichur Transmission Line
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Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: ▪ This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Power Grid Corporation of India Limited (the “Company”), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of the Company. ▪ The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. ▪ This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. ▪ You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. ▪ Neither the delivery of this document nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. ▪ Annual Accounts for FY 2025-26 are yet to be approved by the shareholders. 2
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S T R U C T U R E Presentation Outline 01 Highlights & Overview 02 Execution & Operations 03 Competition 04 Order Pipeline & Outlook 05 Financial Performance 06 Sustainability & Recognitions 3
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India's flagship power transmission utility All information as on 30-June-2026 H I G H L I G H T S & O V E R V I E W 4 ₹3.25 lakh crore+ Gross Fixed Assets On consolidated basis 1,86,595 ckm Transmission lines 1,595 nos. lines 6,34,516 MVA Transformation capacity 291 nos. substations 99.80% System Availability Consistently 99.5%+ availability M AR K E T P O S I T I O N C R E D I T P R O F I L E DOMESTIC (Highest safety) INTERNATIONAL (At par with Sovereign; Outlook: Stable) ~ ₹2.66 lakh crore Market Cap 51.34% Govt. of India shareholding 24.33%/ 20.70% FII/ DII Shareholding AAA CRISIL AAA CareEdge AAA ICRA BBB S&P Global BBB- Fitch Baa3 Moody’s
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E X E C U T I O N & O P E R A T I O N S Major Elements Commissioned (Q1FY27) 5 T R A N S M I S S I O N L I N E S 765 kV Kurnool III - Maheshwaram Ckt 1 & 2 400 kV New Navsari - Kala Ckt 1 & 2 765 kV Dausa - Beawar Ckt 1 & 2 400 kV Kadapa - Ananthapuram Ckt 1 & 2 1,635 ckm Transmission lines 10,500 MVA Transformation capacity T R A N S F O R M E R S Bikaner III KPS 3 Fatehgarh III Padghe GIS Jabalpur PS Satna S/s Ananthapuram Fatehgarh III 765kV/ 1500 MVA 400kV/ 500 MVA After June’26, major elements completed • 765 kV Raichur - Koppal II PS line • 400 kV Gadag II - Koppal II PS • 400 kV Bikaner II - Bikaner III Transmission Lines 765/400 kV Koppal-II S/s Substation
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E X E C U T I O N & O P E R A T I O N S Project Execution (₹ crore) * Capitalization includes assets capitalized as Finance Lease and exclusive of FERVCapex & Capitalization figures are on consolidated basis ₹37,000 crore FY 27 Guidance CAPEX (₹ crore) 6 6,981 7,765 Q1 FY26 FY27 CAPITALIZATION* ₹30,000 crore FY 27 Guidance 1,683 5,277 Q1 FY26 FY27
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E X E C U T I O N & O P E R A T I O N S Operating Performance TRIPPING PER LINE AVAILABILITY (%) 99.75 7 99.84 99.80 Q1FY26 Q1FY27 0.08 0.09 Q1FY26 Q1FY27
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Indigenously developed GIS systems to meet POWERGRID’s operational & technical requirements. E X E C U T I O N & O P E R A T I O N S 132 kV Mobile GIS also successfully developed, 220 kV Mobile GIS already in use 8 Actual picture of 132 kV mobile GIS Bay 400kV variant under implementation Actual picture – 220kV Mobile GIS Bay
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C O M P E T I T I O N TBCB outcomes 9 TBCB success till Jul’26 (ISTS + InSTS) - Annual Tariff (₹ crore) ~ 47% Cumulative tariff market share across all ISTS TBCB projects since inception Projects bid in FY27 (till Jul’26) 19 nos. (ISTS + InSTS) POWERGRID success in FY27 (till Jul’26) 6 nos. (ISTS + InSTS) 1. Krishnagiri REZ Phase-I 2. WR-ER Network Expansion (Part-A) 3. TS for GH2 in Kakinada (Phase-I) 4. SynCon at Fatehgarh-II 5. Augmentation @ Bhadla-III, Ramgarh & Kanpur 6. Bidar (Karnataka) (InSTS) > ₹2,200 Crore Annual Tariff Performance
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C O M P E T I T I O N India’s first SynCon scheme secured under TBCB 10 1st SynCon TBCB scheme in India reactive power support for a RE-heavy grid WHY IT MATTERS • Enhancement in System Strength/ Short Circuit Ratio • Fast Reactive Power Support during Faults/Transients • Increased Grid Inertia • Damping of Low Frequency Oscillations Two Synchronous Condenser units + associated 400 kV bays Maiden POWERGRID’s foray into a new asset class
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O R D E R P I P E L I N E & O U T L O O K Total Outlook POWERGRID Works in Hand# (~ ₹1.75 lakh crore) Bidding Pipeline* (> ₹1.19 lakh crore) 11 TBCB OTHERS Under Bidding Bids to be floated Long Term Sectoral Opportunity (> ₹15 lakh crore) CEA 900+ GW Plan Brahmaputra Basin Hydro Outlook OSOWOG opportunity Transmission Outlook - POWERGRID & Sector * As on 31-July-2026# As on 30-Jun-2026 RTM
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O R D E R P I P E L I N E & O U T L O O K C O M P O S I T I O N [Including CWIP of ₹50,419 crore] All information as on 30-June-202612 ~ ₹1.75 lakh crore works in hand TBCB ₹1,46,315 Crore 83% RTM ₹25,168 Crore 14% Other Business Smart Metering · Data Centre · Cross-Border · Int’l · BESS ₹4,217 Crore 3% Total works in hand ₹1,75,700 Crore 100% [excludes Pang-Kaithal (₹22,942 Crore), Offshore projects (₹13,142 Crore)]
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O R D E R P I P E L I N E & O U T L O O K > ₹1.19 lakh crore bidding pipeline All information as on 31 July 2026 UNDER BIDDING (A) ₹73,875 crore * Figures as per NCT costs 13 Rajasthan REZ Ph-IV (Part 5: 6 GW), Barmer Complex ₹24,974 Crore HVDC, RE Jam Khambhaliya REZ Ph-II (5.5 GW) + Jamnagar Ph-I ₹7,688 Crore RE Lakadia REZ Phase-II (7.5 GW), Gujarat ₹7,506 Crore RE ERES-47: Nawada-Durgapur-Jeerat 765 kV corridor ₹5,270 Crore Non-RE WR Pumped Storage, Satara (up to 4,500 MW), Part A ₹4,710 Crore RE Lakadia-Jam Khambhaliya-Jamnagar Common System ₹3,839 Crore RE, Part-B Bikaner (Pugal) 765 kV GSS, Rajasthan ₹2,942 Crore InSTS, RE 80% 20% 25 (ISTS + InSTS) Inter-State (ISTS): 9 projects, ₹59,272 Crore Intra-State (InSTS): 16 projects, ₹14,603 Crore MAJOR PROJECTS UNDER BIDDING* COMPOSITION (UNDER BIDDING) TO BE FLOATED (B) ₹45,620 crore TOTAL APPROVED COST (A+B) ₹1,19,495 crore
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O R D E R P I P E L I N E & O U T L O O K Strategic drivers powering transmission investment cycle 0101 ANCHOR PROGRAM 900+ GW Non-Fossil Plan ~₹7.9 lakh crore • CEA transmission plan • 1,37,500 ckm lines • 8,27,600 MVA capacity • ISTS + InSTS + Green H₂ 0202 HYDRO POTENTIAL Brahmaputra Basin Hydro ~₹6.4 lakh crore • ~76 GW across 12 sub-basins • 42 GW HVDC corridors • ~31,000 ckm HVDC + AC lines 0503 NEW DEMAND CENTRES Data Centres & GH2 ~71 GW GH2 uplift by 2032 • AI / DC clusters drive 1 GW+ point loads • GH2 projects already at NCT (Kakinada, Vizag, Tuticorin, ~₹13,103 Crore) ~₹1.9 lakh crore till 2035 + ~₹4.5 lakh crore beyond 2035 Till FY36 0304 GLOBAL INTEGRATION OSOWOG (Long Term) • India Sri Lanka / Maldives / Myanmar • India UAE / Saudi Arabia • India Singapore Information as per CEA’s 900 GW non-fossil plan, Brahmaputra basin hydro outlook and NEP 2032 DOMESTIC GLOBAL Intercontinental & Cross-Border Links 14
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F I N A N C I A L P E R F O R M A N C E Key Highlights 15 POWERGRID and JBIC Partner on Landmark Green Loan of JPY 80 billion
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F I N A N C I A L P E R F O R M A N C E Robust Collections Continue.. 16 1,458 1,799 1,005 1,352 Q1FY27 Q1FY26 < 45 days > 45 days 12.11* 19.41* ₹10,963 Crore Billing (Apr’26-Jun’26) ₹11,404 Crore Realization (Apr’26-Jun’26) 104.03% Realization rate * Receivable days (billing) (₹ in Crore) Outstanding dues (at end of Quarter)
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F I N A N C I A L P E R F O R M A N C E Financial Performance (Consolidated) (₹ in crore) Description Q1FY27 Q1FY26 Variance (%) (Y-o-Y) Q4FY26 Variance (%) (Q-o-Q) Income Transmission Charges 10,905 10,620 3 10,820 1 Consultancy Services 391 329 19 582 (33) Telecom 201 247 (19) 264 (24) Other Income 200 248 (19) 305 (34) Total Income 11,697 11,444 2 11,971 (2) Operating Expenses (including movement in regulatory deferral balance other than DA for DTL) (2,118) (1,873) 13 (2,157) (2) Share of Net Profits/(Loss) of investments in JVs accounted for using Equity Method 2 (44) 17 EBITDA - Gross Margin 9,581 9,527 1 9,831 (3) Depreciation (3,128) (3,130) - (3,295) (5) Interest (1,990) (1,862) 7 (1,957) 2 Tax (Net of DA for DTL) (865) (904) (33)* Profit After Tax 3,598 3,631 (1) 4,546 (21) 17 * Reduction in tax expense by ₹832 crore in Q4FY2025-26 is due to measurement of deferred tax balances using applicable tax rates in view of the company’s expected transition to the new tax regime in the near future under the Income Tax Act, 2025
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F I N A N C I A L P E R F O R M A N C E Financial Performance (Standalone) Description Q1FY27 Q1FY26 Variance (%) (Y-o-Y) Q4FY26 Variance (%) (Q-o-Q) Income Transmission Charges 9,630 9,772 (1) 9,579 1 Consultancy Services 165 156 6 392 (58) Other Income 1,575 1,329 19 1,984 (21) Total Income 11,370 11,257 1 11,955 (5) Operating Expenses (including movement in regulatory deferral balance other than DA for DTL) (1,841) (1,634) 13 (2,027) (9) EBITDA - Gross Margin 9,529 9,623 (1) 9,928 (4) Depreciation (2,925) (2,970) (2) (3,096) (6) Interest (2,482) (2,232) 11 (2,397) 4 Tax (Net of DA for DTL) (711) (768) 118* Profit After Tax 3,411 3,653 (7) 4,553 (25) (₹ in crore)18 * Reduction in tax expense by ₹829 crore in Q4FY2025-26 is due to measurement of deferred tax balances using applicable tax rates in view of the company’s expected transition to the new tax regime in the near future under the Income Tax Act, 2025
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F I N A N C I A L P E R F O R M A N C E Financial Performance Description Standalone Consolidated As on 30.06.26 As on 30.06.25 As on 30.06.26 As on 30.06.25 Gross Fixed Assets$ (₹ in crore) 2,79,279 2,64,714 3,25,671 2,92,446 Capital Work-in-Progress# (₹ in crore) 6,673 13,175 50,419 41,610 Debt (₹ in crore) 1,45,586 1,30,646 1,45,586 1,30,646 Net Worth (₹ in crore) 1,03,392 96,059 1,04,028 96,482 Earnings Per Share (₹) 3.67 3.93 3.87 3.90 Book Value per Share (₹) 111.17 103.28 111.85 103.74 Key Financial Ratios Debt : Equity 58:42 58:42 58:42 58:42 Return on Net Worth (%) 3.30 3.80 3.46 3.76 # Includes Construction Advances $ Including Gross Lease Receivables 19
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F I N A N C I A L P E R F O R M A N C E Other Key Financial Information * On Standalone basis # Includes Bill Discounting Description Q1FY27 Q1FY26 Income for previous periods (Consolidated) (22) 8 Interest on differential tariff* 22 257 Interest from Subsidiaries & JVs* 1089 740 Incentive (Consolidated) 123 118 Dividend from JVs* 17 40 Dividend from Subsidiaries* 254 305 CSR Expenses* 118 118 FERV (Gross Block) 47 44 Equity in TBCB - Operational* 9,965 4,671 Equity in TBCB - Under Construction* 3,408 2,546 Short Term Loan# 1,600 2,859 (₹ in crore) 20
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F I N A N C I A L P E R F O R M A N C E Telecom & Consultancy 21 C O N S U L T A N C Y D O M E S T I C I N T E R N A T I O N A L 03 New orders/ Extensions in FY26 25 Country footprint Smart-meter business at PESL contributed ₹220 Crore in Q1 FY 2026-27 Revenue from Operation Pursuing transmissionopportunities across South Asia, Middle East, Africa, South America, Europe, Australia & North America P O W E R G R I D T E L E S E R V I C E S L I M I T E D (P o w e r T e l) Total Income# Q1FY27 ₹252 Crore ~ ₹226 Crore Orders in Q1FY27 (incl. multi-year) 34 New customers in Q1FY27 Pan-India opportunity across Data Centre and 400G connectivity needs ▪ Expands connectivity footprint to Andaman & Nicobar Islands ▪ First ILD order for Nepal from a global OTT ▪ Bulk order from NIC for NKN* project: Cumulative capacity 2.3 Tbps ▪ 100% backbone availability # On consolidated basis before elimination of inter-segment revenue 16 Orders during Q1FY27 Q1FY27 ₹391 Crore * National Knowledge Network
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S U S T A I N A B I L I T Y & R E C O G N I T I O N S Sustained Commitment to ESG 22 Status as on 31-March-2026 50% electricity from RE of electricity consumption from renewables TARGET 2025 ACHIEVED BY DEC’25 Achieve zero waste to landfill of waste diverted from landfill via recycle and reuse TARGET 2030 > 90% ACHIEVED Become net water positive of total water withdrawal replenished TARGET 2030 > 50% ACHIEVED Become Net Zero year-on-year in emissions intensity TARGET 2047 ~ 20% REDUCTION
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S U S T A I N A B I L I T Y & R E C O G N I T I O N S Accolades LEADERSHIP INDUSTRY PSE Technology and Innovation Award Enterprise Mobility Category by Indian Express INDUSTRY NIXI* Award Conferred upon PowerTel for ISP with Maximum Traffic User INSTITUTIONAL 23 * National Internet Exchange of India INDUSTRY FICCI DE&I Award Innovative Diversity & Inclusion Practices McKeown Award Conferred upon Director (Operations) at the IAM Global Asset Management Excellence Awards 2026 Partnership Award 2026 By IIT Madras for CSR initiative: POWERGRID Vidyalakshmi Scholarship Scheme
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Thank you Investor Relations www.powergrid.in 400 kV D/C Gooty - Pavagadha Transmission Line