POWERGRID Infrastructure Investment Trust Announces ₹3 Per Unit Distribution for Q2 FY26

Powergrid Infrastructure Investment Trust (PGInvIT) has released its financial results for the quarter ended September 30, 2025. The trust has declared a distribution of ₹3 per unit, maintaining its track record of quarterly payouts since its listing.

Financial Highlights

PGInvIT reported robust financial figures for the quarter:

Metric	Amount (₹ in million)
Total Consolidated Income	3,267.00
Income from Operations	3,166.00
Other Income	101.00
Net Distributable Cash Flow	773.00

Distribution and Unitholder Growth

The trust's performance has been noteworthy in terms of both distributions and unitholder base:

Declared 17th consecutive quarterly distribution since listing
Cumulative distribution of ₹52.50 per unit against an IPO price of ₹100
Unitholder base expanded from 15,000 at IPO to over 2 lakh as of September 30, 2025

Asset Portfolio

PGInvIT's infrastructure assets include:

Asset Type	Details
Special Purpose Vehicles	5
Transmission Lines	11 (spanning 3,699 circuit kilometers)
Substations	3 (with 6,630 MVA transformation capacity)

Financial Position

The trust maintains a strong financial position:

Outstanding external borrowing: ₹10,682.00 million
Net borrowing ratio: 4.88%

Strategic Expansion

In a significant development, PGInvIT's board has granted in-principle approval for:

Forming a consortium with POWERGRID
Participating in up to 2 TBCB (Tariff Based Competitive Bidding) projects
Combined estimated project cost: ₹500.00 crores
Ownership structure: PGInvIT to hold 74% stake, POWERGRID 26%

This strategic move signals PGInvIT's intent to expand its asset portfolio and potentially enhance future returns for unitholders.

The consistent quarterly distributions, growing unitholder base, and strategic expansion plans underscore PGInvIT's commitment to creating value for its investors while contributing to India's power transmission infrastructure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.44%	+0.80%	-0.50%	+15.22%	+10.44%	-7.25%

Powergrid Infrastructure Investment Trust (PGInvIT) has released its investor presentation for the quarter and half-year ended September 30, 2025, showcasing robust financial performance and consistent returns for unitholders.

Operational Highlights

PGInvIT continues to demonstrate operational excellence with its portfolio of 11 transmission lines spanning 3,699 circuit kilometers and 3 substations with 6,630 MVA capacity. The trust has maintained an availability of over 98% since the commencement of commercial operations, surpassing target availability across all its Special Purpose Vehicles (SPVs).

Financial Performance

Q2 FY26 Results

Metric	Amount (₹ million)
Total Income	3,267.00
Operating Expenses	90.00
SPV Net Distributable Cash Flow	3,340.00

H1 FY26 Results

Metric	Amount (₹ million)
Total Income	6,517.00
Operating Expenses	410.00
SPV Net Distributable Cash Flow	6,227.00

The trust's financial health remains strong, with a total debt of ₹10,682.00 million and receivable days at 26 days.

Distribution to Unitholders

PGInvIT has maintained its commitment to providing stable returns to unitholders. Since its IPO, the trust has distributed ₹252.50 per unit. For the fiscal year 2025-26, PGInvIT has provided distribution guidance of ₹12.00 per unit, reinforcing its focus on delivering consistent value to investors.

Credit Ratings and Ownership Structure

The trust continues to hold AAA credit ratings from CARE, CRISIL, and ICRA, reflecting its strong financial position and operational stability. The ownership structure comprises 85% public unitholders and 15% held by the sponsor, POWERGRID Corporation.

Future Outlook

PGInvIT is exploring acquisition opportunities to expand its portfolio. The trust is considering potential consortium arrangements with POWERGRID for transmission projects worth approximately ₹500.00 crores. This strategic move aligns with the trust's growth objectives and the broader trend of increasing energy demand and renewable energy push in India's power sector.

Conclusion

POWERGRID Infrastructure Investment Trust's Q2 and H1 FY26 results demonstrate its ability to generate stable income and maintain operational excellence. With its strong financial position, high credit ratings, and strategic growth plans, PGInvIT continues to position itself as an attractive investment option in the infrastructure sector.