BSEIndiGrid Infrastructure TrustMediumNeutral
Announced Thu, 15 May · 19:01 IST

Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

Order Pipeline DisclosedAnalyst Day Multiyear TargetsCfo Debt Reduction RoadmapInvestor Communications View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

IndiGrid reported Q4 FY25 revenue of ₹8,743 Mn, up 11.3% YoY, and EBITDA of ₹7,290 Mn, up 11.2% YoY. DPU for the quarter came in at ₹4.10, beating guidance by ~9.3%, and full-year FY25 DPU was ₹15.35, above the ₹15.00 guidance. For FY26, management guided DPU of ₹16.00, representing 6.7% growth over the FY25 guidance. The company commissioned India's first regulated utility-scale standalone BESS (Kilokari, 20 MW/40 MWh) and won the Ratle Kiru Power Transmission project with annual transmission charges of ~₹1,952 Mn. AUM stood at ~₹296 Bn with Net Debt/AUM at ~59.1%, well below the 70% cap, and total returns since listing reached 168%.

Likely market impact

The above-guidance DPU and clear FY26 growth target reinforce IndiGrid's appeal as a stable income/yield vehicle, likely positive for unitholders. A large ~₹53,375 Cr bid pipeline in transmission and BESS signals strong future DPU-accretive growth, though execution and leverage discipline remain key watchpoints.