Power Grid Corporation of India reported a slight decline in consolidated net profit to Rs 4,142.87 crore in Q4 FY25, down from Rs 4,166.33 crore in Q4 FY24, despite a 2.48% year-on-year increase in revenue from operations to Rs 12,275.35 crore. The company anticipates capital expenditure (capex) of Rs 28,000 crore in FY26, Rs 35,000 crore in FY27, and Rs 45,000 crore in FY28, with an estimated total capex outlay of Rs 3.06 lakh crore through 2032. The transmission business alone is expected to require Rs 2.99 lakh crore in capex by 2032. However, FY25 capitalisation targets were missed due to execution challenges, including project delays caused by land acquisition issues. Power Grid also announced a reduction in dividend payout for FY25 and expects a further decrease in FY26. Despite these challenges, the company expects faster project execution in FY26 compared to FY25. Following these updates, Power Grid shares declined by 3%. In contrast, NLC India reported a 321.83% surge in consolidated net profit to Rs 481.96 crore in Q4 FY25, supported by an 8.34% increase in revenue from operations to Rs 3,836 crore.