IndiGrid Infrastructure Trust

IndiGrid reported a solid Q3 FY26 with revenue of ₹862.2 croreCurrent reported value: ₹862.2 crore. No comparable prior figure is available in the source record. (+11.7Current reported value: 11.7. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹784.3 croreCurrent reported value: ₹784.3 crore. No comparable prior figure is available in the source record. (+13% YoY), driven by acquisitions completed in Q1 FY26 (Renew assets worth ~₹2,200 crore). PAT was muted at ₹328 crore due to working capital changes. The company maintained a DPU of ₹4, in line with the annual guidance of ₹16. Operational metrics remained strong: transmission availability at 99.77%Current 99.77%. Reported change: +0.07pp YoY. and solar CUF at 21.6%Current 21.6%. Reported change: +0.6pp YoY.. Management highlighted a robust pipeline of ₹7,500 croreCurrent ₹7,500 crore. Reported change: +₹2,600 crore QoQ. under construction (via InnerGrid), with two new definitive agreements signed for battery and transmission projects worth ~₹2,600 crore. The QIP raised ₹1,500 crore, reducing net debt/AUM to 56.5%. Key risk: execution delays in the under-construction pipeline or adverse interest rate movements could impact DPU accretion.