Investors in Power Grid Corporation of India have received positive news as the government-owned company has announced its second-quarter financial results for FY 2026-27. The company reported healthy growth in both profit and revenue compared to the corresponding quarter last year.

Along with its financial performance, Power Grid's board has announced an interim dividend of ₹3 per share. The company has also approved the sale of its entire stake in one of its subsidiaries, Central Transmission Utility of India Limited (CTUIL).

Here is a detailed look at the company's quarterly performance, dividend announcement and latest business decisions.

1. Power Grid Reports 8.41% Growth in Quarterly Profit

Power Grid delivered a positive financial performance during the second quarter of FY 2026-27.

The company's consolidated net profit increased by 8.41% year-on-year to ₹3,866.16 crore, compared to ₹3,566.08 crore in the corresponding quarter last year.

Revenue from operations also registered growth during the period.

Here are the key financial figures:

The company also reported an improvement compared to the previous quarter, with profit increasing by 7.44% and revenue rising by 2.78%.

2. Investors to Receive an Interim Dividend of ₹3 Per Share

One of the biggest announcements for shareholders is the company's first interim dividend for FY 2026-27.

Power Grid's board has declared a dividend of ₹3 per equity share with a face value of ₹10 each.

This represents a dividend of 30% of the share's face value.

For investors, the dividend calculation would look like this:

The dividend amount will be subject to applicable tax deductions.

3. Important Dividend Record Date and Payment Date

Power Grid has announced November 6, 2026, as the record date for determining shareholder eligibility.

Investors whose names appear as eligible shareholders in the company's records on the relevant record date will qualify for the dividend.

The company has scheduled the dividend payment for November 30, 2026.

Investors should also remember that the record date and the actual share purchase deadline are different considerations. Under the T+1 settlement system, shares generally need to be purchased before the ex-dividend date to qualify for the dividend.

4. Power Grid to Sell Its Entire Stake in CTUIL

Apart from the quarterly results and dividend announcement, Power Grid has approved another significant business decision.

The company plans to sell its entire shareholding in Central Transmission Utility of India Limited (CTUIL) to Grid Controller of India Limited (GRID-INDIA).

The initial transaction value has been estimated at ₹73.46 crore.

According to the available figures, CTUIL's net asset value as of September 30, 2026, stood at ₹76.85 crore. After adjusting for liabilities of ₹3.39 crore, the initial transaction value was determined.

However, the final consideration will be calculated after taking into account changes in the company's value between September 30, 2026, and the transaction completion date.

The transaction is expected to be completed within three months of signing the share purchase agreement.

5. How Has Power Grid Stock Performed?

Power Grid's shares also witnessed a positive movement during the previous trading session.

On Friday, October 30, 2026, the stock closed at ₹264.50 on the BSE, registering a gain of 1.57%.

However, its longer-term performance has been comparatively weak. The stock declined approximately 7.99% over the previous year.

The latest quarterly results and dividend announcement may attract investor attention when trading resumes, although future share-price movements will depend on market conditions, company performance and investor sentiment.

Final Words

Power Grid's second-quarter results highlight an improvement in its financial performance, with net profit reaching ₹3,866.16 crore and revenue crossing ₹11,800 crore.

The announcement of a ₹3 interim dividend per share also provides a direct payout opportunity for eligible shareholders. Meanwhile, the proposed sale of CTUIL reflects another important development in the company's business structure.

Investors should consider the company's financial performance, valuation, future growth prospects and dividend history rather than making investment decisions based solely on a single quarterly announcement.