State-run POWERGRID reported FY26 net profit of ₹15,928 crore, up 2.6% year-on-year, while total income stood at ₹47,684 crore. However, Q4 revenue declined 5% to ₹11,666 crore and EBITDA margin narrowed to 75% from over 83% due to slower asset capitalisation. The stock traded near ₹295 after the earnings announcement.