Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid reported Q3FY26 revenue of ₹862 crores, up 11.7% YoY, and EBITDA of ₹784.3 crores, up ~13% YoY, driven by acquisitions made earlier in the fiscal. Distribution per unit (DPU) declared at ₹4 for the quarter, keeping the FY26 guidance of ₹16 intact. AUM stands at ~₹32,800 crores with net debt to AUM at 61%, reduced to 56.5% after a ₹1,500 crore Institutional Placement that was oversubscribed 2x. The trust signed an SPA to acquire Gadag Transmission from ReNew (~₹372 crores) and definitive agreements with EnerGrid for two projects totaling ~₹2,600 crores. Under-construction pipeline through EnerGrid is ~₹7,500 crores. Collections remained healthy with transmission DSO improving to 38 days from 48 and solar DSO to 32 days from 50. The trust remains AAA-rated with average debt cost of 7.41%.
The strong revenue and EBITDA growth, along with maintained DPU guidance, signals operational stability for unitholders. The successful ₹1,500 crore fundraise and healthy acquisition pipeline support future growth, though NDCF was muted at ₹328 crores due to working capital adjustments and recent equity dilution, requiring ₹53 crore drawdown from reserves this quarter.