BSEPOWERGRID Infrastructure Investment TrustHighNeutral
Announced Tue, 4 Nov · 15:04 IST

POWERGRID Infrastructure Investment Trust has informed the Exchange regarding Disclosure of material issue

Regulatory & Legal View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of POWERGRID Unchahar Transmission Limited (Investment Manager to PGInvIT) approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended September 30, 2025. Consolidated revenue for H1 FY26 stood at Rs. 6,299.10 million versus Rs. 6,355.48 million in H1 FY25, while profit after tax rose to Rs. 4,700.44 million from Rs. 2,934.93 million year-on-year. The Trust declared a distribution of Rs. 3.00 per unit for Q2 FY26, comprising interest (Rs. 1.77), taxable dividend (Rs. 0.53), exempt dividend (Rs. 0.13), capital repayment (Rs. 0.56), and treasury income (Rs. 0.01). NAV as on September 30, 2025 stood at Rs. 92.86 per unit based on the independent valuation report. Record date is November 10, 2025 and payment will be made on or before November 17, 2025.

Likely market impact

Despite a slight dip in consolidated revenue, profit after tax grew sharply (up ~60% YoY at consolidated level), reflecting improved operational performance. The Rs. 3.00 per unit distribution and stable AAA credit rating across CRISIL, ICRA, and CARE are supportive for unitholders, while the consortium plan with POWERGRID for TBCB projects signals potential future growth opportunities.