Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid reported Q4 FY25 revenue of INR 874 crore (up 11.3% YoY) and EBITDA of INR 729 crore (up 11.2% YoY); operational EBITDA grew 9.9% YoY with margins around 90%. The trust commissioned India's first regulated utility-scale standalone battery energy storage project (Kilokari BESS) in Delhi and won the Ratle Kiru power transmission project on TBCB basis, expected to generate annual transmission charges of about INR 195 crore post-commissioning. Quarterly distribution was raised to INR 4.1 per unit, 9.3% above prior guidance and 15.5% YoY growth, while FY26 DPU guidance was hiked from INR 15 to INR 16 per unit, supported by healthy 115% transmission collections. AUM stands at INR 29,600 crore with net debt-to-AUM at 59.1%, average cost of debt at 7.67%, 90% fixed-rate borrowing, and AAA rating from all three agencies. Total CAPEX of about INR 4,000 crore is planned across 6 under-construction projects (4 transmission + 2 BESS), with commissioning targeted by June 2027. The EnerGrid platform, partnered with Norfund and BII, is being positioned to scale the development pipeline further.
Positive signal for unitholders - raised DPU guidance reflects strong collection performance and operational momentum from new asset commissioning and project wins. The INR 16 DPU carries a 5-year sustainability cushion without additional acquisitions, while healthy leverage headroom and AAA rating support future growth.