IndiGrid Q1 revenue jumps 78 pc to Rs 361 crore on steady performance

ANI |
Up to date: Aug 06, 2020 17:22 IST

Mumbai (Maharashtra) [India], Aug 6 (ANI): India Grid Trust (IndiGrid) on Thursday reported a consolidated revenue of Rs 361 crore for the April to June quarter, up 78 per cent year-on-year.
The consolidated earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) have been Rs 329 crore, marking a rise of 74 per cent on account of accretive acquisitions and regular operational efficiency.
The board of funding supervisor for IndiGrid accepted a distribution per unit (DPU) of Rs 3 for Q1 FY21 solely payable as curiosity to unitholders.

Together with this thirteenth distribution, IndiGrid has delivered Rs 36.56 per unit since itemizing, marking a complete return of 42 per cent as of July 31.
The infrastructure funding belief stated its administration stays centered to take care of a powerful steadiness sheet to efficiently climate any near-term Covid-19 related uncertainty. The web debt/AUM stands at 50 per cent as of June 30, considerably beneath the 70 per cent cap as per SEBI InvIT laws.
The strong steadiness sheet offers ample headroom to finish impending acquisitions value Rs 6,500 crore as a part of the framework settlement.
“A powerful steadiness sheet and concentrate on accretive acquisitions enable us to underpin our purpose of sustainably rising returns for our buyers regardless of continued volatility of markets,” stated IndiGrid CEO Harsh Shah.
“We stay dedicated to our technique of offering superior risk-adjusted returns to our buyers by constantly rising our asset portfolio.” (ANI)