Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid reported Q2 FY26 revenue of INR 826.7 crores, up 2.6% year-on-year, while EBITDA dipped 1.1% due to one-off spillover from a solar turbine breakdown and a tariff true-up in a regulated asset — both flagged as non-recurring. Net distributable cash flow (NDCF) grew 13.5% YoY to INR 362.9 crores, and the trust declared a distribution of INR 4 per unit (+6.7% YoY), keeping it on track for the full-year INR 16 DPU guidance. The company signed a definitive agreement to acquire the NERES XVI transmission project from Techno Electric for INR 460 crores and won a second TBCB project — 125 MW and 500 MWh BESS in Uttar Pradesh — bringing total battery capacity with EnerGrid to 2.1 GWh. It raised INR 438 crores via preferential allotment (first tranche of a INR 1,500 crore plan over 12 months), pushing net debt to AUM down to ~60%. Management highlighted a healthy sector pipeline of about INR 1,35,000 crores in transmission and BESS over the next 12-18 months and aims to roughly double AUM in 5-6 years.
For unit holders, the results are reassuring — DPU growth is intact, the balance sheet remains strong (AAA rated, 7.44% average cost of debt), and growth visibility is backed by a large sector pipeline and new acquisitions. The slight EBITDA dip is explained as one-off, so the stock impact should be neutral to mildly positive, though watch for further capital raises within the 12-month INR 1,500 crore plan.