anzen india energy yield plus trust reported a consolidated net profit of ₹540.37 million for the quarter ended June 30, 2026, a significant rise from ₹95.52 million in the corresponding quarter of the previous year. The Trust’s revenue from contracts with customers increased to ₹2,811.09 million, up from ₹1,071.81 million in Q1FY26, driven primarily by the inclusion of newly acquired assets. The Board of Directors of EAAA Real Assets Managers Limited approved a distribution of ₹3.00 per unit for the quarter, with a record date of August 7, 2026, and payment scheduled on or before August 14, 2026.

The financial results were reviewed by S R B C & Co LLP, the independent auditor, in accordance with Standard on Review Engagements (SRE) 2410. The standalone net profit stood at ₹696.09 million, compared to ₹537.17 million in Q1FY26. Standalone total income reached ₹1,325.11 million, up from ₹938.32 million in the prior year period. The Trust maintained its credit ratings of "CRISIL AAA/Stable" and "IND AAA/Stable" as confirmed in May 2026.

Financial Performance

Consolidated Earnings Before Interest, Depreciation, and Tax (EBITDA) amounted to ₹2,322.17 million, compared to ₹1,167.70 million in Q1FY26. Finance costs were recorded at ₹1,047.32 million, while depreciation expense totaled ₹699.97 million. The Net Distributable Cash Flows (NDCF) for the quarter were ₹1,008.19 million, enabling the declared distribution.

Asset Acquisitions and Portfolio Expansion

The revenue growth reflects the impact of several strategic acquisitions completed during the quarter. On March 2, 2026, the Trust acquired 74% of the paid-up equity shares of 12 solar power Special Purpose Vehicles (SPVs) from Edelweiss Infrastructure Yield Plus and SEPL Energy Private Limited. Subsequently, on May 19, 2026, it acquired 100% equity and optionally convertible redeemable preference shares of Kudgi Transmission Limited. On June 10, 2026, the Trust acquired 100% equity shares of SEPL Energy Private Limited.

These acquisitions have expanded the Trust’s portfolio in both power transmission and renewable energy segments. The change in accounting estimate for depreciation, shifting from Written Down Value to Straight Line Method for transmission entities effective April 1, 2026, was also noted.

Capital Raise and Debt Management

In February 2026, the Trust issued 59,525,000 units at ₹117 per unit to institutional investors, raising ₹6,964.43 million. As of June 30, 2026, ₹6,823.24 million of these proceeds had been utilized towards the stated objects of the issue, with ₹141.19 million remaining unutilized. The Trust redeemed ₹3,000 million worth of Non-Convertible Debentures (NCDs) on May 27, 2026. The Net Borrowing Ratio stood at 50.86% as of June 30, 2026, down from 53.25% at the end of FY26.

What the Numbers Show

The sharp increase in net profit is largely attributable to the consolidation of new assets rather than organic growth alone, as comparative figures for the prior year did not include these entities. The acquisition of Kudgi Transmission Limited and the 12 solar SPVs significantly boosted the revenue base. Additionally, the Trust recognized ₹37.74 million as insurance income in Q4FY26 related to damaged inverters at Solzen Urja Private Limited, with further claims under process. The shift in depreciation method for transmission assets may impact future earnings patterns, reflecting a more systematic consumption of economic benefits.

Anzen India Energy Yield Plus Trust unitholders have unanimously approved the trust’s audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, alongside the valuation report of its assets. The resolutions were passed during the 4th Annual Meeting of Unitholders held on July 28, 2026, via Video Conferencing and Other Audio-Visual Means (OAVM). This approval validates the trust’s financial position following recent strategic expansions, including the acquisition of 12 solar assets and one transmission asset.

The voting process was conducted in compliance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. Ashita Kaul & Associates served as the scrutinizer for the meeting, while KFIN Technologies Limited acted as the Registrar and Transfer Agent. Voting rights were determined based on a cut-off date of July 17, 2026, with remote e-voting available from July 23, 2026, to July 27, 2026.

Voting Results

A total of 14 unitholders participated in the voting process, representing 33,60,62,900 units. All three resolutions placed before the meeting were passed with 100% support from the votes cast, with no votes recorded against or abstained.

The sponsor group, holding 8,03,44,000 units, voted in favor of all resolutions. Public institutions and public non-institutions also provided unanimous support, casting 66,29,600 and 47,18,400 votes respectively in favor of the agenda items.

Key Attendees and Agenda

Ranjita Deo, Whole Time Director and Chief Investment Officer, chaired the meeting. Other key attendees included Amit Agarwal, Vijayanand Semletty, Shiva Kumar, Bala Deshpande, Nupur Garg, Nilesh Shukla, and Sanket Shah. In addition to adopting the financials and valuation reports, unitholders approved the appointment of a valuer for the financial year 2026-2027. Ms. Deo informed attendees that the trust had raised funds through a Preferential Issue and debt financing to support its growth initiatives and noted the induction of a new sponsor into the trust structure.

What the Numbers Show

The unanimous approval of the financial statements and valuation reports underscores strong unitholder confidence in Anzen’s governance and asset management practices. The simultaneous appointment of a new valuer for FY27 ensures independent assessment of the trust’s underlying assets, which is critical given the recent expansion into solar and transmission sectors. The high participation rate among diverse unitholder categories reflects robust engagement with the trust’s strategic direction.