Power Grid Corporation of India Limited — PPTs, 05-02-2025: Investor Presentation

**Financial Highlights:** In Q3FY25, PowerGrid's consolidated income slightly declined to ₹11,743 Cr from ₹11,820 Cr YoY, while profit after tax fell to ₹3,894 Cr from ₹3,970 Cr. For the nine months ending FY25, total income increased marginally to ₹34,869 Cr versus ₹34,608 Cr YoY, with PAT showing a slight uptick to ₹11,379 Cr from ₹11,347 Cr. The company maintained a robust operational performance, with system availability remaining high at 99.81%.

**Strategic Initiatives and Growth Drivers:** PowerGrid emerged as the lowest bidder in seven ISTS TBCB projects in Q3FY25, indicating a strong competitive position. The capex plan for FY25 is set at ₹23,000 Cr, focusing on transmission infrastructure expansion in alignment with India's energy transition goals.

**Business Developments:** The company secured a green loan of US$200 million from Sumitomo Mitsui Banking Corporation to fund renewable energy projects. Additionally, PowerGrid signed a 10-year Master Agreement with the Electric Power Research Institute (EPRI), further enhancing its R&D capabilities.

**Market Position and Competitive Advantage:** PowerGrid continues to be India’s flagship power transmission utility, with 84% of the inter-state transmission network under its management, offering significant competitive advantages in scale and operational efficiency.

**Investor Implications:** The recent project wins and strategic initiatives foster a positive outlook for PowerGrid, signaling potential growth and solidifying its market leadership amid India's evolving energy landscape. Investors should watch for developments in renewable energy initiatives and the company’s ongoing commitment to sustainability.