Corporate News
IndiGrid, a leading infrastructure investment trust, reported a revenue increase but a decrease in Profit After Tax due to the timing of capital raises and project acquisitions, emphasizing that Net Distributable Cash Flow (NDCF) remains the key metric for distribution decisions. While the company cannot definitively commit to future distribution increases, its historical track record reflects a roughly 5% CAGR increase in Distributable Per Unit (DPU) over the past seven years, and a decision will be made by the board in Q4. IndiGrid has INR 12,000 crores of projects already signed for acquisition over the next 3-4 years, which are not currently included in the Net Asset Value (NAV), and management acknowledged challenges including increased competition and rising interest rates while expressing appreciation for investor support.