IndiGrid, India's first power sector Infrastructure Investment Trust ("InvIT"), announced its results for the quarter ended 30th September 2018.
The company posts EBITDA of Rs. 1,517 million in Q2 FY19, up by 24% YoY and 4% QoQ on back of acquisitions. Consolidated revenue for the quarter stood at Rs. 1,653 million.
On a half-yearly basis, Revenue and EBITDA stood at Rs. 3,253 million and Rs. 2,975 million respectively for H1 FY19.
The Board of Sterlite Investment Managers Limited acting as the Investment Manager of IndiGrid approved DPU of Rs. 3.00 for Q2 FY19. Of this, Rs. 2.72 will be distributed as interest and remaining as capital repayment. IndiGrid is on track to achieve its stated DPU guidance of Rs. 12.00 for FY19. Additionally, the company has completed the investment in its first third-party asset of Techno Electric.
"IndiGrid delivered another robust quarter with strong operational performance and stable distribution. Since listing, we have distributed Rs. 15.56 per unit amounting to Rs. 4,403 million of distribution. IndiGrid consummated its first third-party transaction and issued the first-ever bond by an InvIT. We continue to pursue other exciting opportunities to increase unit holder returns on a sustainable basis.
Disclaimer: No Business Standard Journalist was involved in creation of this content
