Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust held its Q4 and FY '26 earnings call on May 18, 2026. Q4 operating revenue grew 9.5% YoY to INR874 crores, with full-year operating revenue at INR3,311 crores (up 3.1%). Operating EBITDA for the year was INR2,982 crores at a 90% margin. AUM stands at INR33,815 crores with leverage at 57.6%. The trust declared DPU of INR4 per unit for Q4 (INR16 for FY '26), and guided FY '27 DPU at INR16.48 per unit (3% YoY growth). Key developments during the quarter include commissioning of Gujarat BESS (180 MW/360 MWh), acquisition of Gadad Transmission Limited from Renew, and commissioning of the NRSS regulated tariff project. The company highlighted a robust project pipeline of over INR2 lakh crores in transmission bids, with INR7,500-8,000 crores of under-construction assets expected to be commissioned in 12-24 months. Management clarified that the INR16.48 DPU guidance already factors in the under-construction pipeline through FY '31-32. No immediate equity issuance is planned despite pre-emptive Board approval for ~INR2,000 crores.
IndiGrid delivered in-line quarterly performance with strong 90% EBITDA margins and a comfortable leverage ratio. The 3% DPU growth guidance for FY '27 is slightly below historical 5-5.4% CAGR, reflecting a cautious near-term outlook, though management emphasized the guidance is sustainable based on the secured under-construction pipeline. The robust transmission bid pipeline and early-mover advantage in BESS support long-term growth.