POWERGRID Infrastructure Investment Trust has informed the Exchange regarding Annual Full Valuation report for assets for FY ended 2024-25
Awaiting price reaction for this filing.
The Board of POWERGRID Unchahar Transmission Limited (Investment Manager of PGInvIT) approved audited standalone and consolidated financial results for FY ended March 31, 2025, reporting a profit of Rs. 18,874.72 million (vs Rs. 10,229.89 million in FY24). A quarterly distribution of Rs. 3.00 per unit has been declared for Q4 FY25, comprising Rs. 1.67 interest, Rs. 0.48 taxable dividend, Rs. 0.09 exempt dividend, Rs. 0.75 SPV debt repayment, and Rs. 0.01 treasury income, with record date May 29, 2025 and payment on or before June 5, 2025. The independent valuer's report places NAV at Rs. 94.12 per unit as on March 31, 2025. Total assets grew to Rs. 96,279.78 million from Rs. 83,298.22 million, partly due to the acquisition of the remaining 26% stake in four SPVs (KATL, PPTL, WTL, JPTL) from POWERGRID in December 2024. Net Distributable Cash Flow for FY25 stood at Rs. 10,810.15 million, with Rs. 10,919.99 million distributed to unitholders.
The Rs. 3.00 per unit distribution continues regular income for unitholders, while the higher NAV (Rs. 94.12 vs Rs. 85.28) signals improved underlying asset valuation. The doubled profit reflects strong valuation gains and the consolidation of full 100% stakes in four SPVs, which is positive for long-term unitholder value.