Powergrid Infrastructure

POWERGRID Infrastructure Investment Trust disclosed consolidated financial ratios showing robust performance with 94% EBITDA margin, 88% net profit margin for September quarter, and maintained distribution per unit at ₹3.00. The trust demonstrated strong financial health with low debt equity ratio of 0.14, high debt service coverage ratio of 15.04, and net worth of ₹76,452.35 million as of September 30, 2025.

POWERGRID Infrastructure Investment Trust (PGInvIT) announced quarterly results for the quarter ended September 30, 2025, declaring a distribution of ₹3 per unit. This marks the 17th consecutive quarterly distribution since listing. The trust reported total consolidated income of ₹3,267 million for the quarter, with ₹3,166 million from operations and ₹101 million from other income. Net distributable cash flow stood at ₹773 million for the quarter. The trust's unitholders have grown from 15,000 at IPO to over 2 lakh as of September 30, 2025. PGInvIT maintains a cumulative distribution of ₹52.50 per unit since listing against an IPO price of ₹100 per unit. The trust operates 5 special purpose vehicles with 11 transmission lines spanning 3,699 circuit kilometers and 3 substations with 6,630 MVA transformation capacity. Outstanding external borrowing stands at ₹10,682 million with net borrowing ratio at 4.88%. The board has granted in-principle approval for forming a consortium with POWERGRID to participate in up to 2 TBCB projects with combined estimated cost of ₹500 crores, where PGInvIT will hold 74% stake and POWERGRID 26%.

POWERGRID Infrastructure Investment Trust (PGInvIT) released its investor presentation for quarterly and half-year results ended September 30, 2025. The trust operates 11 transmission lines spanning 3,699 circuit kilometers and 3 substations with 6,630 MVA capacity, maintaining 98% availability since commercial operations. For Q2 FY26, total income reached ₹3,267 million with operating expenses of ₹90 million and SPV net distributable cash flow of ₹3,340 million. H1 FY26 showed total income of ₹6,517 million with operating expenses of ₹410 million and SPV net distributable cash flow of ₹6,227 million. The trust maintains total debt of ₹10,682 million with receivable days at 26. PGInvIT has distributed ₹252.50 per unit since its IPO and provides distribution guidance of ₹12 per unit for FY 2025-26. The trust holds AAA credit ratings from CARE, CRISIL, and ICRA. Public unitholders comprise 85% ownership while sponsor POWERGRID Corporation holds 15%. The trust is exploring acquisition opportunities including potential consortium arrangements with POWERGRID for transmission projects worth approximately ₹500 crores.