REITs-InvITs company India Grid Trust announced Q1FY24 results: Consolidated revenue for Q1FY24 was up 12% YoY to Rs 6,292 million Consolidated EBITDA was up 11% to Rs 5,669 million Net Distributable Cash Flow (NDCF) saw a YoY growth of 50% at Rs 1,734 million for Q1FY24 The Board of the Investment Manager approved a Distribution Per Unit (DPU) of Rs 3.45 for Q1FY24, to unitholders in line with the distribution guidance of Rs 13.80 per unit for FY24 Virescent acquisition process on track, SEBI approval in place Commenting on Q1FY24 results, Harsh Shah, Chief Executive Officer and Whole Time Director of IndiGrid said, “I am pleased to report that we have reported yet another quarter of strong financial performance. Our robust operations and steady acquisitions have allowed us to maintain the growth momentum and keep us on track to meet the FY24 distribution guidance of Rs 13.80 per unit. Going forward, we will continue to focus on generating superior and sustainable returns for our investors on the back of our AAA-rated balance sheet, resilient operations, and accretive acquisitions. We are optimistic about the growth potential of the power transmission and renewable sector in India on the back of supportive regulatory policies and growing investments. We believe we are well-positioned to tap into the opportunities in transmission, solar sector, and other related adjacencies in the country.” Result PDF
Reits-Invits firm India Grid Trust declares Q4FY22 result: IndiGrid ends FY22 on a strong footing. FY22 EBITDA higher by 40% on a YoY basis. FY23 DPU guidance increased by 3.5% to INR 13.20. FY22 Revenue and EBITDA up ~33% YoY and ~40% YoY respectively FY22 Distribution in line with guidance at INR 12.75 per unit Mr. Jyoti Kumar Agarwal to take over as the CEO and WTD of IndiGrid effective, July 1, 2022 Result PDF
Utilities company India Grid Trust declares Q3FY22 result: IndiGrid reports robust Q3 FY22 performance On track to deliver FY22 DPU Guidance of INR 12.75 Q3 FY22 Revenue up 32% YoY to INR 5,706 million through acquisitions in the last few quarters Q3 FY22 EBITDA up 32% YoY to INR 5,179 million supported by robust asset management Q3 FY22 Distribution at ~INR 3.19 per unit; up 3% YoY Commenting on the financial results, Mr. Harsh Shah, Chief Executive Officer, said: “Our performance this quarter has been on expected lines, and we are on track to meet the FY22 distribution guidance of INR 12.75 per unit. Going forward, we will continue to focus on generating superior and sustainable returns for our investors on the back of our AAA rated balance sheet, resilient operations and accretive acquisitions. With the ongoing shift to green energy nationwide, most of the upcoming investment / capital expenditure is expected to come in the green energy corridor, aligned directly with our investment mandate. While we remain focused on growth through accretive acquisitions, we look forward to capitalizing on the lucrative bidding opportunity available in this space, aiming for selective and synergistic projects.” Result PDF