II

IndiGrid Infrastructure Trust

Q3 FY26Power

IndiGrid Infrastructure Trust Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹176
Market cap₹20.2K Cr
P/E49.9
Updated23 Aug 2026
Read4 min read

The short version

IndiGrid Infrastructure Trust expects continued growth in assets and revenue driven by acquisitions, including recent deals with EnerGrid and ReNew. - The under-construction portfolio stands at approx. IndiGrid aims for predictable and growing Distribution Per Unit (DPU), targeting INR16 for FY26.

From IndiGrid Infrastructure Trust's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • IndiGrid Infrastructure Trust expects continued growth in assets and revenue driven by acquisitions, including recent deals with EnerGrid and ReNew.
  • The under-construction portfolio stands at approx. INR7,500 crores, growing AUM from INR32,000 crores to about INR40,000 crores.
  • Q3FY26 revenue grew 11.7% YoY; EBITDA grew 13%, aided by new assets acquisitions.
  • Transmission sector growth is supported by rising peak power demand (reached 241 GW) and expanding renewable capacity (50%+ installed capacity).
  • Energy storage and battery (BESS) projects present significant growth opportunities.
  • IndiGrid aims to maintain stable operations with 99.5%+ availability and deliver predictable distributions.
  • The INR150,000 crores pipeline in transmission and BESS bids reflects strong future project flow.

2 more points from IndiGrid Infrastructure Trust's call on revenue

Pro opens every point from 15K+ earnings calls

Profitability & Margins

See what IndiGrid Infrastructure Trust said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • IndiGrid has an under-construction portfolio across IndiGrid and EnerGrid of approximately INR7,500 crores, indicating a predictable pipeline growing from current AUM of INR32,000 crores to about INR40,000 crores.
  • EnerGrid has signed agreements amounting to INR2,600 crores for acquisition of assets, including:
  • A 500 MWh battery project in UP with an EV of ~INR957 crores.
  • An ISTS transmission project in Madhya Pradesh (180 circuit km, 4,500 MVA) with an EV of ~INR1,577 crores.
  • IndiGrid raised INR1,500 crores equity through Institutional Placement to fund acquisitions and growth.
  • The focus remains on disciplined capital deployment to deliver DPU guidance and optimize interest costs.

2 more points from IndiGrid Infrastructure Trust's call on capex

Pro opens every point from 15K+ earnings calls

Top-ranked in Power

Ranked on what management guided this quarter

Guidance-ranked
1Juniper Green
Rev 1Mar 3
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 4
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what IndiGrid Infrastructure Trust said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The overall under-construction portfolio across IndiGrid and EnerGrid stands at approximately INR7,500 crores as of Q3 FY26.
  • This under-construction portfolio includes projects such as a 500-megawatt hour battery energy storage system (BESS) project in Uttar Pradesh and an ISTS transmission project in Madhya Pradesh.
  • The INR7,500 crores portfolio provides a predictable pipeline to grow from the current Assets Under Management (AUM) of INR32,000 crores to approximately INR40,000 crores.
  • IndiGrid, through EnerGrid, is proactively participating in further greenfield opportunities in battery and transmission projects.

2 more points from IndiGrid Infrastructure Trust's call on order book

Pro opens every point from 15K+ earnings calls

IndiGrid Infrastructure Trust — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.2K Cr, net profit ₹185 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Others in Power this season

  • Adani Energy Solutions Ltd (Q3 FY26)

    Smart meter installations have crossed 92 lakh meters, with plans to complete balance meters (~1 crore total) in the next 12 months, ensuring strong revenue…

  • JSW Energy Ltd (Q3 FY26)

    Power sales grew sharply by 65% YoY in Q3 FY26, reaching 11.1 billion units; 9-month generation up 62% YoY to 39.6 billion units. Key concall takeaways from…

  • Adani Green Energy Ltd (Q3 FY26)

    Strategy includes maintaining ~20% merchant capacity, utilizing infirm power, and monetizing flexibility through battery storage to capture peak pricing…

  • Insolation Energy Ltd (Q3 FY26)

    800 crores in the same period. Key concall takeaways from Insolation Energy Ltd's Q3 FY26 earnings call — and how it ranks against sector peers.

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

IndiGrid Infrastructure Trust and 15K+ more earnings calls,
for less than your morning chai

a day

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

Frequently Asked Questions

What were IndiGrid Infrastructure Trust Q3 FY26 results?

IndiGrid Infrastructure Trust expects continued growth in assets and revenue driven by acquisitions, including recent deals with EnerGrid and ReNew. - The under-construction portfolio stands at approx. IndiGrid aims for predictable and growing Distribution Per Unit (DPU), targeting INR16 for FY26.

What is IndiGrid Infrastructure Trust share price analysis?

IndiGrid Infrastructure Trust currently shows a neutral. The stock trades at a P/E of 49.9 with a market cap of ₹20,244 Cr. Investors should review the full earnings analysis for detailed insights.

Is IndiGrid Infrastructure Trust planning capital expenditure?

IndiGrid has an under-construction portfolio across IndiGrid and EnerGrid of approximately INR7,500 crores, indicating a predictable pipeline growing from current AUM of INR32,000 crores to about INR40,000 crores.

Keep IndiGrid Infrastructure Trust on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.