Indigrid Infrastructure Trust · NSE:INDIGRID
Indigrid Infrastructure Trust — Q1 FY27 Earnings Presentation
26 slides from Indigrid Infrastructure Trust's earnings presentation, August 2026
Slide 1: Investor Presentation Q1 FY27 Results
I N V E S T OR P R E S E N T A T ION Q 1 FY27 R E S U L T S 1
Slide 2: Safe Harbor
Safe Harbor This presentation is prepared and issued by IndiGrid Investment Managers Limited (the “Investment Manager”) on behalf of and in its capacity as the investment manager of IndiGrid Infrastructure Trust (“IndiGrid” / “IGT”) for general information purposes only without regards to specific o
Slide 3: Vision
Vision Focused Business Value Accretive Predictable Optimal Capital Model Growth Distribution Structure • Long term contracts • DPU accretive • Quarterly distribution • Cap on leverage at • Low operating risks acquisitions Y-o-Y • Minimum 90% of Net 70% • Stable cash flows • Creating growth cash flo
Slide 4: Portfolio Overview
Portfolio Overview ~ ₹34,041 Crore1 20 STATES & 2 UT ASSETS UNDER MANAGEMENT 94 REVENUE GENERATING ELEMENTS2 ~10,237 ckms2 ~34,335 MVA2 59 LINES 20 SUBSTATIONS TRANSMISSION: ~26.2 YEARS ~1.5 GWp S OLAR: ~18.8 YEARS S OLAR GENERATION BESS: ~11.5 YEARS AVERAGE RESIDUAL CONTRACT 2.5 GWh2 ~5,48,000 MT3
Slide 5: Q1 FY27 Quarterly Update
Q1 FY27 Q UARTERLY UPDATE 5
Slide 6: Q1 FY27 Highlights
Q1 FY27 Highlights IndiGrid & EnerGrid Update EnerGrid received LOIs for two transmission projects: o Shongtong–Tidong Transmission Scheme, awarded through the TBCB mechanism, comprising ~450 ckms of transmission lines and a 400/220 kV, 630 MVA substation, to be developed on BOOT-basis. o Transmis
Slide 7: Q1 FY27 Industry Update
Q1 FY27 Industry Update Power Demand and Capacity Trend 270.8 250.1 241.0 The all-time high peak power demand touched 270.82 GW on May 21, 2026, driven by intense summer heat and higher cooling loads. Demand remained elevated into Q2, crossing the 270 GW mark in July 2026 as well. Overall electr
Slide 8: Strategic Market Pillars
Strategic Market Pillars Scale of Opportunity: India’s energy transition continues to drive a multi-decade transmission opportunity, specifically driven by rising renewable integration, grid expansion requirements and increasing need for evacuation infrastructure across both RE and storage ecosyst
Slide 9: High bidding activity in the transmission & BESS sector
High bidding activity in the transmission & BESS sector Transmission Bids Battery Energy Storage Bids Estimated Cost Estimated Cost Bid Stage Region Number of Active Bids Bid Stage Project Name (₹ Crore) (₹ Crore) Northern RJ: Pugal, Babai, Kankani, ~7,584 MPPMCL Standalone – 2150 MWh ~4,250 TN: Tut
Slide 10: Q1 FY27 Operational Performance
Q1 FY27 Operational Performance Q1 FY27 Availability (%) • HSE Update • Zero Medical Treatment Case, First Aid Case and One Loss Time 99.9% 99.8% 100% 100% 99.8% 100% 99.3% 95.3% 100.0% 100.0% 100.0% 100.0% 99.9% 99.8% 100.0% 100.0% 99.8% 99.9% Incident. • Performance for Q1 FY27 • Solar Generation:
Slide 11: Q1 FY27 Financial Performance
Q1 FY27 Financial Performance Earnings Revenue (₹ crore) EBITDA (₹ crore) ₹ Crore Q1 FY26 Q1 FY27 % change 157 46 Reported Revenue 840 1,087 29.4% EBITDA 704 906 28.7% 58 7 860 930 766 835 782 696 NDCF Generated 286 370 29.4% DPU (₹ per unit) 4.00 4.12 3.0% Q1 FY25 Q1 FY26 Q1 FY27 Q1 FY25 Q1 FY26 Q1
Slide 12: Q1 FY27 Distribution Update
Q1 FY27 Distribution Update Particulars Q1 FY26 Q1 FY27 Annual Distribution Trend Distribution per unit (DPU) (₹) 4.00 4.12 - Interest 1.5989 2.6909 16.00 16.48 - Dividend 0.1670 0.0224 15.35 14.10 13.35 - Capital Repayment 2.1350 1.4067 - Other income 0.0991 - Outstanding Units (Mn) 834.5 952.6 Gro
Slide 13: Q1 FY27 Consolidated EBITDA to NDCF Waterfall
Q1 FY27 Consolidated EBITDA to NDCF Waterfall (In ₹ Crore) -126 -12 -4 -5 -388 ₹22 crore consumed from the reserves during the quarter; NDCF 924 reserve balance at ~₹522 crore 782 -12 -8 370 -392 -392 -22 EBITDA at SPV WC Movement Capex related Tax at SPV NDCF at SPV Expenses at Finance cost at WC M
Slide 14: Robust Balance Sheet
Robust Balance Sheet Gross Borrowing ~ ₹211 Bn (70% NCDs, 30% Term Loans & ECB) AAA Rated ~7.4% ₹15.11 Bn 7 All numbers in ₹Bn By CRISIL, ICRA & Average Cost of Cash 3 India Ratings Debt Balance1 16 25 64 ~89% ~58.5% 2.29x Fixed Rate Net Debt/AUM EBITDA/Interest Borrowings 96 NCD - MFs Loan - Banks(
Slide 15: Superior Risk-Adjusted Total Returns to Investors
Superior Risk-Adjusted Total Returns to Investors Annualised Return 5% 6% 13% 13% 14% 14% 13% 9%2 19%2 Total Returns1 60% 65% 198% 194% 215% 240% 214% 52% 49% Other Public InvITs 77% 150% 204% 192% 22% 173% 60% 65% 121% 20% 23% 36% 63% 59% 27% -6% GSEC Bond GSEC Bond IndiGrid NSE 500 NSE INFRA BSE U
Slide 16: Business Outlook
Business Outlook Portfolio Strategy Focus on maintaining stable operations for predictable and sustainable distribution while looking for value accretive acquisitions Greenfield Development Execution of augmentation work in existing assets as well as all the greenfield under-construction proje
Slide 17: Annexures
A NNEXURES 17 17
Slide 18: Diversified Investor Base
Diversified Investor Base 30th June 2026 Corporates & Trusts, 16% Supported by marquee long term investor base Retail, 31% Insurance + Pension Fund, 16% ~24% owned by DIIs including insurance companies, mutual ~41% funds, pension fund and corporates KKR (Sponsor), 1% Other FIIs, 19% Others, 9% GIC,
Slide 19: Operational Asset Portfolio – Transmission and BESS Assets
Operational Asset Portfolio – Transmission and BESS Assets Availability AUM2 Metal Asset States Elements Contract COD (%)1 (₹Million) (‘000 Metric Ton) 6 Lines – 945 ckms BDTCL Madhya Pradesh, Maharashtra, Gujarat Fixed Tariff/ Centre Jun-2015 99.90% 20,563 Steel – 51.3;Al – 22.3 2 Substations – 6,0
Slide 20: Operational Asset Portfolio – Solar Assets
Operational Asset Portfolio – Solar Assets PPA Tenure at CoD AUM1 Asset DC Capacity AC Capacity States COD Offtaker (years) (₹ Million) Solar - I 68 50 Andhra Pradesh Jul-18 SECI 25 3,150 Solar - II 70 50 Andhra Pradesh Jan-19 SECI 25 3,336 GGEL 50 50 Rajasthan Jun-13 NVVN 25 6,535 Globus 24 20 Madh
Slide 21: EnerGrid Under Construction Portfolio
EnerGrid Under Construction Portfolio Proposed Acquisition EV4 Asset States Elements Contract (₹Million) Transmission Assets 1 Line – 18 ckms IPTL Maharashtra Fixed Tariff/ Centre 1 Substation – 3000 MVA 1 Line – 70 ckms DPTL Madhya Pradesh Fixed Tariff/ Centre 1 Substation – 2000 MVA KTCO Maharasht
Slide 22: Corporate Structure (1/2)
Corporate Structure (1/2) Hold Cos Sponsor Project Manager Other Unitholders Transmission Assets Solar Assets ~1% ~92% ~7% BESS Group of Assets % Represents Economic Ownership 100% Investment Manager (IIML) 100% 100% 74% 100% 2.6% 66.06% TLNangla IGL IGL 1 IGL 2 51% Cohort 3 PrKTCL1 USUPL 97.4% PLG
Slide 23: Corporate Structure (2/2)
Corporate Structure (2/2) Initial Portfolio Assets Transmission Assets Solar Assets BESS Cohort 1 BDTCL JTCL RTCL PKTCL MTL 5 transmission assets IPTL DPTL KTCO OGPTL RKPTL KNTL GTL UMD JUPL Cohort 2 7 transmission assets 8 solar assets 2 BESS assets SolarEdge TSEC TKSPL TNSEPL TLGadna TRSPL GBPL RB
Slide 24: Experienced Board of Directors
Experienced Board of Directors • Over 30 years of rich experience, currently independent non-executive • Mr. Gautam Mehra brings four decades of experience spanning director of Mapletree Logistics Trust Ltd. He is an independent director of entrepreneurship, professional services, taxation, regulati
Slide 25: Glossary
Glossary AC Alternate Current NAV Net Asset Value per unit AUM Assets Under Management NCD Non-Convertible Debentures Availability Percentage amount of time for which the asset is available for power flow Net cash flow at trust’s disposal for distribution to IndiGrid in a particular year in accordan
Slide 26: Thank You
T H A N K Y OU 26
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