IndiGrid Infrastructure Trust's Q2 FY 2025-26 Quarterly Results

Result Summary

• IndiGrid Infrastructure Trust reported a 1.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 2.9%.
• Its expenses for the quarter were up by 3.7% QoQ and 12.5% YoY.
• The net profit decreased 48.7% QoQ and decreased 60.9% YoY.
• The earnings per share (EPS) of IndiGrid Infrastructure Trust stood at 0.52 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

IndiGrid Infrastructure Trust is a prominent player in the infrastructure sector, primarily focusing on India’s energy transmission industry. As an infrastructure investment trust, the company aims to own and operate power transmission assets across India. These assets serve as critical components in the electricity supply chain, transporting power from generation sites to distribution networks. The company’s business model is characterized by stability and predictability of cash flows, stemming from long-term contracts and regulated returns. As of the current period, there is no specific recent major development available in the data provided.

Revenue

In Q2FY26, IndiGrid Infrastructure Trust reported total income of ₹864.20 crores. This represents a slight decline of 1.0% when compared to the previous quarter, Q1FY26, where total income was ₹872.98 crores. However, on a year-over-year basis, total income increased by 2.9% from ₹839.75 crores in Q2FY25. The YoY increase indicates a positive momentum in revenue generation compared to the same period last year. The quarterly decrease in revenue may reflect periodic fluctuations which are not unusual in the infrastructure sector.

Profitability

The company's profitability in Q2FY26 was challenged, as evidenced by key profit indicators. Profit Before Tax (PBT) was ₹35.41 crores in Q2FY26, showing a significant decline of 52.2% from the ₹74.01 crores recorded in Q1FY26. Compared to Q2FY25, where the PBT was ₹103.38 crores, this marks a 65.7% decrease. The Profit After Tax (PAT) for Q2FY26 stood at ₹38.63 crores, down 48.7% QoQ and 60.9% YoY. Earnings Per Share (EPS) also experienced declines, with a decrease from ₹0.87 in Q1FY26 to ₹0.52 in Q2FY26, and from ₹1.22 in Q2FY25, translating to a YoY decrease of 57.4% and a QoQ decrease of 40.2%. These trends highlight a notable reduction in profitability over both the quarterly and annual periods.

Operating Metrics

The financial data reveals that IndiGrid Infrastructure Trust's total expenses for Q2FY26 were ₹828.51 crores, reflecting a 3.7% increase from Q1FY26’s expenses of ₹798.72 crores. On a year-over-year basis, expenses rose by 12.5% from ₹736.37 crores in Q2FY25. This increase in expenses outpaced the growth in total income, which may have contributed to the decline in profitability. The tax component also exhibited significant fluctuations, with a tax credit of ₹3.22 crores in Q2FY26, compared to a smaller credit of ₹1.28 crores in Q1FY26, and contrasting with a tax expense of ₹4.65 crores in Q2FY25. These dynamics in tax treatment have a direct impact on the reported net profitability figures.