Maharatna Power Grid Locks Record Date For Rs 1.25 Dividend; What’s Your Trade After Q1?

The largest power transmission utility in India, Power Grid Corporation of India, a Maharatna PSU, will be in the news on Monday because it has set the record date for its final dividend for FY25, which will be paid on September 12. In the time frame leading up to the ex-dividend date, traders and investors are probably going to keep a careful eye on the stock. Moreover, the stock may see more trading prior to the dividend payment due to its good Q1FY26 results and solid capital pipeline of over Rs 28,000 crore for FY26.

Power Grid Dividend Record Date

"Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and in continuation of disclosure dated 19th May, 2025, this is to inform that the Company has fixed the Record Date/Cut-off Date as Tuesday, 19th August, 2025 for determining the entitlement of the members for payment of final dividend on Equity Shares and for the purpose of 36th AGM of the Company. Further, the final dividend on Equity Shares, if declared by the Members at the 36th AGM, will be paid/dispatched on Friday, 12th September, 2025," said Power Grid in a stock exchange filing.

On Tuesday, August 26, 2025, Power Grid Corporation of India Limited's members will gather for their 36th Annual General Meeting (AGM).

Subject to shareholder approval at the company's upcoming Annual General Meeting (AGM), the Board of Directors proposed a final dividend of Rs. 1.25/-per equity share of Rs. 10/-each, or 12.5% of the paid-up equity share capital, for the Financial Year 2024-2025 on May 19.

For the Financial Year 2024-2025, this final dividend is in addition to the first interim dividend of Rs. 4.50/-per share, or 45% of the paid-up equity share capital, which was paid on December 4, 2024, and the second interim dividend of Rs. 3.25/-per share, or 32.5% of the paid-up equity share capital, which was paid on February 28, 2025.

Power Grid Q1FY26 Results

The consolidated total income of Rs 11,444 crore for Q1FY26 was announced by Power Grid Corporation of India, which represents a 1% rise over Q1FY25's Rs 11,280 crore. EBITDA was Rs 9,527 crore, a 3% YoY drop, while profit after tax was Rs 3,631 crore, down by 12% YoY from Rs 3,724 crore in the same period the previous year. With total fixed assets of Rs 2,92,446 crore and the net worth of Rs 96,482 crore, the firm maintained a respectable debt-to-equity ratio of 58:42.

On a standalone basis, Power Grid reported a total income of Rs 11,257 crore in Q1FY26, a rise of 4% over Q1FY25's Rs 10,850 crore. During the quarter under review, profit after tax improved 7% YoY to Rs 3,653 crore, while EBITDA climbed 2% YoY to Rs 9,623 crore. The company's gross fixed assets for the quarter that ended on June 30, 2025, were Rs 2,64,711 crore, while its net worth was Rs 96,059 crore.

Power Grid Target Price

"Power Grid is consolidating within a tight range, holding support at ₹285. Resistance lies at ₹295, and a breakout above could open targets toward ₹305. Momentum indicators are steady, reflecting neutral-to-positive sentiment. Sustaining above ₹285 keeps the trend intact, while a dip below this level may weaken the structure. Traders can consider accumulating near ₹288-₹290 with a stop-loss below ₹284, targeting a potential move toward ₹295-₹305 if breakout confirmation comes through," commented Riyank Arora, technical analyst at Mehta Equities.

Disclaimer

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