POWERGRID Infrastructure Investment Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
PGInvIT filed the transcript of its Q2 FY26 earnings call held on November 7, 2025. The trust declared a ₹3/unit distribution for Q2 FY26, marking its 17th consecutive quarterly payout, and reaffirmed its full-year FY26 distribution target of ₹12/unit. Q2 FY26 consolidated income stood at ₹3,267 million (operations ₹3,166M + other ₹101M) with NDCF of ₹2,773 million; H1 FY26 income was ₹6,517 million and NDCF was ₹5,531 million. Operational performance remained strong with average availability above 99.75%, AAA/stable rating from ICRA, CRISIL and CARE, external borrowings of ₹10,682 million at a low net borrowing ratio of 4.88%, and trade receivables collection cycle of just 26 days. Management highlighted growth plans including a Board-approved consortium with sponsor POWERGRID to bid for up to 2 TBCB transmission projects (~₹500 crores combined), with PGInvIT holding 74% and POWERGRID 26%. The PPTL 400 kV line bay project at Parli (₹25 crore investment, ~₹4.5 crore annual tariff) is on track for December 2025 commissioning. Unitholder base has grown from ~15,000 at IPO to over 2 lakh.
The stable ₹3/unit quarterly distribution, high asset availability and AAA credit profile reinforce PGInvIT's appeal as a predictable-yield instrument. The new TBCB consortium with POWERGRID diversifies growth beyond traditional asset acquisition, but near-term distribution uplift is limited given the ₹500 crore cap and pending government approvals.