Powergrid Infrastructure Investment Trust (PGInvIT) has released its financial results for the second quarter and first half of the fiscal year, showcasing strong performance across key metrics.

Financial Highlights

PGInvIT demonstrated impressive profitability in the September quarter, with a notable EBITDA margin of 94.00% and a net profit margin of 88.00%. These figures underscore the trust's operational efficiency and ability to convert revenue into profit effectively.

The trust's financial health remains robust, as evidenced by its low debt-equity ratio of 0.14, indicating a conservative approach to leverage. Furthermore, PGInvIT reported a high debt service coverage ratio of 15.04, reflecting its strong ability to meet debt obligations.

Key Financial Metrics

Distribution to Unitholders

PGInvIT has maintained its distribution per unit at ₹3.00 for the quarter, demonstrating consistency in returning value to its unitholders. For the half-year ended September 30, the total distribution per unit stands at ₹6.00.

Balance Sheet Strength

The trust's balance sheet remains strong, with a net worth of ₹76,452.35 million as of September 30. This represents a slight increase from ₹76,389.46 million reported at the end of the previous quarter, indicating steady growth in unitholder value.

Liquidity Position

PGInvIT's liquidity position appears to be exceptionally strong, with a current ratio of 37.50. This high ratio suggests that the trust has more than sufficient current assets to cover its short-term liabilities, providing a substantial cushion for operational needs and unforeseen circumstances.

The trust's asset cover stands at 9.11, indicating that the total assets significantly exceed the total borrowings, which further reinforces PGInvIT's financial stability.

Conclusion

POWERGRID Infrastructure Investment Trust's Q2 results reflect a financially sound and well-managed entity. The trust's ability to maintain high profitability margins while keeping debt levels low positions it favorably in the infrastructure investment space. Investors and stakeholders may find reassurance in PGInvIT's consistent performance and strong financial ratios as it continues to navigate the fiscal year.

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:

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:

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.