Powergrid Infrastructure Invesment Trust · NSE:PGINVIT
Powergrid Infrastructure Invesment Trust — POWERGRID Infrastructure Investment Trust — H1 FY2026 Earnings Presentation
15 slides from Powergrid Infrastructure Invesment Trust's earnings presentation, November 2025
Slide 1: POWERGRID Infrastructure Investment Trust Investor Presentation Q2 & H1 FY 2026
POWERGRID POWERGRID Infrastructure Infrastructure Investment Investment Trust Trust Investor Presentation Q2 & H1 FY 2026 The Power of Assets Assurance Advantage
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: ▪ This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 3: Presentation Outline
Presentation Outline Trust Structure PGInvIT Overview PGInvIT at a glance Initial Portfolio Assets Operational PGInvIT Performance Financial Distribution Acquisition Opportunities Business Outlook RTM Project Updates Glossary India’s First InvIT Sponsored by a Maharatna CPSE 3
Slide 4: PGInvIT Structure
PGInvIT Structure 1. 74% stake acquired at the time of IPO (May 2021). Balance 26% of Vizag Transmission Limited acquired in March 2022 and Balance 26% of Kala Amb Transmission Limited, Parli Power Transmission Limited, Warora Transmission Limited and Jabalpur Power Transmission Limited acquired in
Slide 5: PGInvIT at a glance
PGInvIT at a glance India’s 1st InvIT sponsored by a CPSE – Confidence of marquee investors Sponsor and Project 5 Operational and Manager (POWERGRID) Perpetual ownership Billing and Revenue Availability-based a Maharatna CPSE; one of with 35-year Collection through Generating ISTS Tariff the largest
Slide 6: PGInvIT- Initial Portfolio Assets
PGInvIT- Initial Portfolio Assets No. of lines & Transformation Residual Life of Description Location Line length (ckm) COD substations capacity (MVA) TSA (years) Andhra Pradesh and VTL Telangana 2 lines 956.84 - Feb-17 26.33 KATL Himachal Pradesh 1 line; 1 S/S 2.47 630 Jul-17 26.78 PPTL Maharashtra
Slide 7: Operational Performance –Q2 and H1FY26
Operational Performance –Q2 and H1FY26 Surpassing Availability Goals with POWERGRID’s O&M Management for PGInvIT POWERGRID’s in-house capabilities help PGInvIT in … Avg. Availability* - Q2FY26 Avg. Availability* - H1FY26 preventive maintenance 2.00% 1.98% 1.96% 1.93% 1.86% 2.00% 2.00% 2.00% 1.95% 1.
Slide 8: Financial Performance – Q2FY26
Financial Performance – Q2FY26 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCF NDCFNDCF atat at PGInvIT PGInvIT PGInvIT ( Q2FY2026 (Q1FY25) ) (₹ in mn) VTL 521 13 Total Income 561 KATL 2,773 144 -184 -21 -22 815 • ₹ 3,267 Mn PPTL 1
Slide 9: Financial Performance – H1FY26
Financial Performance – H1FY26 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCF NDCFat PGInvIT NDCF at ( H1FY2026 (Q1FY25) ) at PGInvIT PGInvIT (₹ in mn) VTL 1,259 35 Total Income 1,061 KATL 5,531 -383 -42 -22 278 1,374 • ₹ 6,517 mn
Slide 10: Debt Profile
Debt Profile A comprehensive look at the Trust's external borrowings as of September 30, 2025. Loan 1: Term Loan (External Borrowing) Drawn Date: March 2022 Initial Drawdown: ~Rs. 5,756 million LONG-TERM DEBT Outstanding (30.09.25): ~Rs. 5,641 million STRUCTURE Interest Rate Linked to: 3-month T-bil
Slide 11: Distribution
Distribution 4.50 Total Distribution since IPO ₹ 52.50 per unit Distributions (₹ per unit) ₹ 3.00 per unit 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 Repayment of Treasury SPV Debt Income (13.22%) (0.34%) • ₹ 1.77 - Interest • ₹ 0.53 - Dividend (Taxable) Div. • ₹
Slide 12: Business Outlook
Business Outlook Acquisition Opportunities ❑Asset Sale by Other Developers • Limited Acquisition opportunities at present. • 87* ISTS TBCB Assets under construction out of which 44 are being developed by private players. More assets under various stages of bidding. • Huge investments, ~ ₹ 9 lakh Cr.
Slide 13: RTM Project Updates
RTM Project Updates 1 x 400 kV line bay at 765/400 kV Parli Substation for RE Interconnection Allotted to Parli Power Transmission Implementation Schedule : Limited on 02.01.2024. December 2025 Tariff to be Return on Separate Estimated Capital determined Award Equity : 15% Transmission Cost : Struct
Slide 14: Glossary
Glossary Term Description AUM Assets Under Management ckm circuit kilometres CPSE Central Public Sector Enterprise CTUIL Central Transmission Utility of India Ltd DOCO Date of Commercial Operation Q2FY26/Q2FY2026 Quarter ended September 30, 2025 H1FY26/H1FY2026 Half Year ended September 30, 2025 PGI
Slide 15: Thank you
Thank you www.pginvit.in
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