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Power Grid Shares Downgraded To 'Neutral' By Motilal Oswal Post Q2 Results; Trims Target Price — Here's Why
While the medium-to-long term project pipeline continues to improve, the brokerage awaits more clarity on the resolution of near-term execution issues before forming a positive outlook on Power Grid.
06 Nov 2025, 12:32 PM IST 
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Power Grid's transmission segment remained the primary revenue driver, contributing 92% of total income.
(Photo source: Freepik)
In Q2 FY26, Power Grid reported standalone revenue of Rs 100 billion (-3% YoY,+1% QoQ), missing estimate by 6%. Ebitda was 13% below estimate at Rs 80.1 billion (-9% YoY, -1% QoQ), hit by a 55% YoY growth in other expenses.
