IndiGrid Q3 FY25 Revenue Steady at Rs 7.7 Bn Profit Falls 37%

28 Jan 2025 CW Team

India Grid Trust (IndiGrid), a power infrastructure investment trust, announced a consolidated revenue of Rs 7.72 billion in the third quarter (Q3) of the financial year (FY) 2025. This reflected a 2.4 per cent year-over-year (Y-o-Y) growth compared to Rs 7.54 billion during the same period last year.

The company reported a 2 per cent Y-o-Y increase in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), which rose from Rs 6.81 billion to Rs 6.94 billion.

However, the profit for the quarter stood at Rs 578.04 million, registering a 37 per cent Y-o-Y decline from Rs 919.21 million. The decrease was attributed to higher financing costs and tax expenses.

IndiGrid manages 41 power projects, including 49 transmission lines spanning over ~8,700 circuit kilometers, 15 substations with ~22,550 MVA transformation capacity, ~855 MW of solar generation capacity, and 450 MW/900 MWh of battery energy storage systems. Its operational efficiency is reflected in a 98.55 per cent transmission availability rate.

In the first nine months of FY25, IndiGrid reported a consolidated revenue of Rs 24.13 billion, marking a 16 per cent Y-o-Y increase from Rs 20.78 billion.

The company’s EBITDA for this period rose by 21 per cent Y-o-Y, increasing from Rs 18.06 billion to Rs 21.94 billion. News source: Mercom India

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