Power Grid profit slips as capex rises in Q1
Power Grid reported Q1 FY27 net profit of ₹3,598 cr, down 0.89% year over year, while capex rose 11% to ₹777 cr. OI Charts data showed long unwinding, with futures open interest down 1.2%.
pre-market1 source ↓machine-written, see hownot a recommendation
- POWERGRID close
- ₹250.35
- On the day
- -0.04%
- Futures OI, long unwinding
- -1.2%
- Put-call ratio
- 0.51
- Max pain
- ₹257.50
Power Grid Corporation of India reported first-quarter net profit of ₹3,598 cr, down 0.89% year over year, according to the report published on 20 Oct 2026. Capital spending increased 11% to ₹777 cr in Q1 FY27, keeping the transmission operator’s investment cycle active even as earnings edged lower.
The company acquired two project vehicles on 12 Oct 2026 for a combined ₹39.16 cr. The entities are linked to planned substations and transmission lines in Maharashtra and Gujarat. The purchases represented about 0.04% of consolidated net worth of ₹10,403 cr as of 30 Jun 2026, so the transaction is small relative to the balance sheet. Commercial operation and regulatory approvals remain part of the execution timeline. ⚡
OI Charts data showed the stock closing at ₹250.35 on 19 Oct 2026, down 0.04%, with volume of 8,908,653 shares. The price was up 0.5% over five sessions but down 7.4% over 20 sessions, and remained close to its 52-week low of ₹244.65 recorded on 8 Oct 2026. The 52-week high stood at ₹324.95 on 27 Apr 2026.
The derivatives setup points to limited near-term conviction. Futures open interest fell 1.2% to 70.03 million shares, a long-unwinding signal, while futures traded at a 0.24% discount to the underlying. The put-call ratio was 0.51. The ₹250 put carried the largest put open interest, while the ₹265 call had the largest call open interest; max pain was ₹257.50 for the 27 Oct 2026 expiry. These levels frame the immediate derivatives positioning, rather than a forecast.
For the stock and the broader power-transmission segment, the next focus is whether higher capital spending converts into commissioned assets and regulated returns without adding balance-sheet pressure. Traders will also track approvals and commercial operation milestones for the Maharashtra and Gujarat projects, alongside the ₹250 support area and ₹265 call open-interest zone. The next quarterly update should show whether the modest profit decline persists as the capex programme advances. 🏗️
Source: ad-hoc-news.de, 20 Oct 2026
Not investment advice. For informational purposes only.