Summary of Key Information:

Reporting Period: Quarter ended March 31, 2026 and Financial Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Actions

Audit Opinion:

Unmodified opinion (unqualified opinion) issued by S.R. Batliboi & Associates LLP, Statutory Auditors

Key Financial Highlights [Amount in ₹ Crores]:

Standalone Results:

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹2,754.05 (46.2% YoY growth from ₹1,883.68 in Q4 FY25)
  • Total Income: ₹2,811.42
  • Profit Before Tax: ₹443.35 (79.7% YoY growth from ₹246.67)
  • Profit After Tax: ₹330.46 (79.7% YoY growth from ₹183.89)
  • EPS: ₹74.14 (Basic and Diluted)

Financial Year Ended March 31, 2026:

  • Revenue from Operations: ₹8,147.71 (27.6% YoY growth from ₹6,384.93)
  • Total Income: ₹8,387.63
  • Profit Before Tax: ₹1,320.92 (155.8% YoY growth from ₹516.39)
  • Profit After Tax: ₹987.84 (157.2% YoY growth from ₹383.98)
  • EPS: ₹221.63 (Basic and Diluted)
  • Reserves: ₹5,167.04 (up from ₹4,205.19 previous year)
  • Cash and Cash Equivalents: ₹4,689.17

Operational Performance Metrics:

  • Q4 FY26 Operational EBITDA: ₹452.4 crore (92.0% YoY growth)
  • Q4 FY26 Operational EBITDA Margin: 16.4% (vs 12.5% in Q4 FY25)
  • FY26 Operational EBITDA: ₹1,252.6 crore (111.5% YoY growth)
  • FY26 Operational EBITDA Margin: 15.4% (vs 9.3% in FY25)

Segment-wise Performance:

The Company operates in one identified segment: "Power Grids". The Chief Operating Decision Maker reviews business performance at an overall company level as one segment, therefore segment-wise disclosure as per Ind AS 108 is not applicable.

Corporate Actions:

Dividend:

  • Recommended final dividend of ₹8 per equity share (400%) of face value ₹2 each
  • Subject to shareholder approval at the Seventh Annual General Meeting
  • Record date: August 21, 2026
  • Payment date: After August 28, 2026

Capital Expenditure:

  • Board approved investment of ₹2,000 crores to set up a greenfield large power transformers facility in Karjan, Vadodara, Gujarat
  • This is in addition to previously announced capex of ₹2,000 crores (October 7, 2024)
  • Cumulative capex commitment: ₹4,000 crores

Other Significant Information:

Order Book Position:

  • Q4 FY26 orders: ₹2,422.5 crore (10.6% YoY growth)
  • FY26 total orders: ₹18,456.5 crore
  • Order backlog as of March 31, 2026: ₹29,555.3 crore (53.5% YoY growth)
  • Export orders accounted for 36.8% of Q4 order book
  • Service contributed 23.9% to Q4 order book

QIP Transaction:

  • During Q4 FY25, the Company raised approximately ₹2,520.82 crores through Qualified Institutions Placement
  • Issue cost of ₹33.98 crores adjusted against securities premium
  • Unutilized amount: ₹2,006.48 crores, with ₹1,870.00 crores kept as deposit with banks

Labour Codes Impact:

  • Exceptional item of ₹54.24 crores recorded in Q3 FY26 due to implementation of new Labour Codes
  • Impact related to increase in gratuity liability and leave liability (compensated absences)

Sustainability Achievements:

  • 74% reduction in CO2 emissions from baseline year 2019
  • 82% reduction in waste disposed to landfill or incineration
  • 99% of waste processed for recycling
  • Halol facility certified as Water Positive
  • Halol and Mysore facilities achieved "Platinum Level" certification for Zero Waste to Landfill

Key Project:

  • Commissioned India's first HVDC city center infeed in Mumbai

Annual General Meeting:

  • Seventh AGM to be held on Friday, August 28, 2026 at 11:00 a.m. (IST)
  • Venue: Sheraton Grand Bangalore Hotel at Brigade Gateway, 26/1 Dr. Rajkumar Road, Malleswaram-Rajajinagar, Bengaluru - 560055