Power Grid Corporation of India has announced its financial results for the quarter ended December 2024, showing a decline in both net profit and revenue. The state-owned power transmission company reported a 4.1% year-on-year drop in net profit, reflecting a slowdown in earnings momentum.
Profitability Takes a Hit
For the third quarter of the financial year 2024-25, Power Grid Corporation posted a net profit of ₹3,861.60 crore, down from ₹4,028.30 crore in the corresponding quarter of the previous fiscal. The decline in profit signals pressure on the company’s earnings despite stable operations.
Revenue from operations also witnessed a decline, coming in at ₹11,233 crore for Q3FY25, compared to ₹11,579.80 crore in Q3FY24. This reduction suggests a slight dip in transmission income, a key revenue source for the company.
Margins Under Pressure
The company’s operating performance also saw some softness. The earnings before interest, tax, depreciation, and amortization (EBITDA) stood at ₹9,537.90 crore, marking a 6.9% decline from ₹10,249.90 crore reported in the same quarter last year.
One of the key indicators, the EBITDA margin, dropped to 84.90% in Q3FY25 from 88.50% in Q3FY24. This contraction reflects an increase in operational costs or a shift in revenue mix that impacted profitability.
A smaller margin often indicates that the company had to deal with rising expenses, lower efficiency, or a combination of both factors.
Dividend Payout Continues
Despite the decline in profit, Power Grid Corporation’s board of directors has approved the payment of a second interim dividend for FY25. Shareholders will receive ₹3.25 per equity share, with each share having a face value of ₹10.
The company has set February 7, 2025, as the record date to determine eligible shareholders. The payout is scheduled for February 28, 2025.
Broader Industry Trends
Power Grid’s performance reflects a broader trend in the power transmission sector, where profitability has been under pressure due to regulatory factors, operational costs, and capital expenditure requirements.
Some of the possible reasons for the earnings decline include:
- Lower transmission tariffs impacting revenue collection.
- Higher operational expenses squeezing margins.
- Regulatory changes affecting pricing and cost pass-through mechanisms.
The drop in EBITDA margin is particularly notable because Power Grid, as a transmission utility, generally enjoys stable cash flows due to long-term power purchase agreements.
Outlook for Power Grid
While the Q3 numbers indicate some softness, Power Grid remains a key player in India’s power transmission sector. The company continues to invest in infrastructure projects to expand and strengthen the national grid, which could support long-term growth.
Future earnings will depend on factors like:
- Tariff revisions and regulatory developments.
- Execution of new transmission projects.
- Capital expenditure management to maintain profitability.
Investors will keep an eye on how the company navigates these challenges while maintaining shareholder returns through dividends.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
