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INDIGRIDINFRASTRUCTURETR Infrastructure 30 Jan 2026

IndiGrid Infrastructure Trust — Q3 FY26

IndiGrid reported a solid Q3 FY26 with revenue of ₹862.2 crore (+11.7% YoY) and EBITDA of ₹784.3 crore (+13% YoY), driven by acquisitions completed in Q1 FY26 (Renew assets wort...

bullish high
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Revenue ₹862 Cr +11.7%
EBITDA ₹784 Cr +13%
PAT ₹100 Cr
EBITDA Margin 88% +100bps
Duration 54 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Interest rate risk on locked-in acquisition values

Management fixed the acquisition value for the Techno Electric asset well in advance; if interest rates rise, the deal could become less accretive.

medium · analyst_question
R

Execution risk in under-construction pipeline

The ₹7,500 crore pipeline includes projects under construction by InnerGrid; delays or cost overruns could impact the timing and accretion of acquisitions.

medium · data_observation
R

Grid connectivity delays for new projects

Management acknowledged that transmission capacity buildout lags behind generation PPAs, which could slow down new project additions.

low · management_commentary