Earnings Call/Transcript
IndiGrid Q2 FY27 Earnings Call Transcript
IndiGrid filed the text transcript of its Q2 FY27 earnings call held on November 6, 2026, covering financial performance, operations, acquisitions and a ₹4.12 distribution per unit.
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Power
Power - Transmission
19,643 Cr
Low Risk
32.2
20.5
3.0
1.8
180.96
161.80
Sales CAGR
Profit CAGR
ROE
ROCE

IndiGrid Infrastructure Trust (INDIGRID) is currently trading at 172.75 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
IndiGrid Infrastructure Trust owns and operates Indian power-infrastructure assets, primarily transmission networks, substations, solar generation projects, and utility-scale battery energy storage systems, with IndiGrid Investment Managers Limited acting as investment manager. Its business model emphasizes contracted or annuity-like cash flows, predictable distributions, disciplined leverage, and acquisition or development of infrastructure assets. The trust is evolving from a transmission-focused InvIT into a broader electricity-infrastructure platform. Q2 FY27 commissioning of a 250 MW/500 MWh BESS project and its first 765 kV transmission project expands both technological capability and asset diversity, while management continues to pursue solar, storage, and transmission opportunities. Q2 FY27 operating revenue increased 8.4% and operational EBITDA rose 7.9%, while reported revenue grew 59% following acquisitions. More importantly for an InvIT, NDCF increased 4.7% year-on-year to approximately INR380 crores and supported a quarterly DPU of INR4.12, consistent with the FY27 guidance of INR16.48. IndiGrid Infrastructure Trust combines strong operating metrics with high leverage typical of infrastructure vehicles. Transmission availability was approximately 99.4%, BESS round-trip efficiency was 88.6%, and 86% of gross borrowing was fixed-rate, but net debt-to-AUM remained elevated at 60.4%, increasing sensitivity to financing costs and valuation assumptions. Management sees India’s expanding electricity demand, renewable integration, and grid constraints as long-term structural drivers. However, it remains selective in BESS bidding because aggressive competition, technology obsolescence, limited residual value, and merchant-risk models could undermine the predictable, contracted-return profile that defines IndiGrid’s investment approach.
Over the past 52 weeks, IndiGrid Infrastructure Trust has traded between a low of ₹161.80 and a high of ₹180.96. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
IndiGrid Infrastructure Trust has a market capitalization of approximately 19,643.23. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
IndiGrid Infrastructure Trust’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 32.22 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 19,643.23 Cr, IndiGrid Infrastructure Trust is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
IndiGrid Infrastructure Trust operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of IndiGrid Infrastructure Trust is 32.22. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
IndiGrid said the higher risk-free rate and changed SPV-level tax assumptions were the main reasons for the Q2 FY27 movement. The rate cited in the call rose to 7.2% from 6.8%. Management described the tax-related deferred-tax effect as non-cash.
IndiGrid signed definitive agreements to acquire Shongtong Power Transmission Limited and Luhri Power Transmission Limited after their commissioning. The two Himachal transmission projects have a combined enterprise value of about Rs 6,650 crore.
IndiGrid said utility-scale BESS bidding has become sufficiently aggressive for it to step out of some tenders. Management requires suitable scale, contracted cash flow and returns consistent with its 12%-13% IRR threshold.
IndiGrid reported revenue of ₹1,315 crore in Q2 FY27. This was 59.0% higher than the corresponding quarter a year earlier.
Earnings Call/Transcript
IndiGrid filed the text transcript of its Q2 FY27 earnings call held on November 6, 2026, covering financial performance, operations, acquisitions and a ₹4.12 distribution per unit.
Earnings Call/Transcript
IndiGrid released the audio transcript of its earnings call on financial performance for the period ended September 30, 2026, held on November 6, 2026.
Regulatory/Compliance Filing
IndiGrid Infrastructure Trust submitted its Security Cover Certificate confirming compliance with Regulation 54 for the period ended September 30, 2026.
Investor Presentation
IndiGrid Investment Managers Limited released IndiGrid Infrastructure Trust’s investor presentation covering Q2 FY27 updates, commissioned projects and planned transmission asset acquisitions.
Financial Results
IndiGrid reported Q2 FY27 operational revenue growth of 8.4% and approved a distribution of ₹4.12 per unit, with a record date of November 11, 2026.
Dividend
IndiGrid Infrastructure Trust approved a Q2 FY27 distribution of INR 4.12 per unit. The record date is November 11, 2026, with payment due by November 18, 2026.