Annual report
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For Immediate Release Key Highlights ● ● ● IndiGrid ends FY21 on a strong footing FY22 Distribution Guidance Raised to INR 12.75 per unit Q4 FY21 Revenue and EBITDA up 39 % YoY and 37 % YoY respectively Q4 FY21 Distribution at INR 3.10 per unit , up 3.3 % YoY FY21 performance catapulted by accretive acquisitions and robust operations AUM surpasses INR 205 billion on back of accretive acquisitions IndiGrid Mumbai , Thursday , May 27th , 2021 : IndiGrid [ BSE : 540565 | NSE : INDIGRID ] , India's first power sector InvIT , announced its results for the quarter and year ended March 31 , 2021. Q4 FY21 consolidated revenue grew by 39 % YOY at INR 4,556 million * on the back of accretive acquisitions . Robust operations and steady availability drove a 37 % increase in operating income ( EBITDA ) to INR 4,117 million * during the quarter . For the full year FY 2020-21 , IndiGrid reported a jump of 27 % YoY in the net distributable cash flow to INR 9,179 million supported by robust collections at 101 % during the year . The Board of the Investment Manager has approved a Distribution Per Unit ( DPU ) of INR 3.10 ( up 3.3 % YoY ) for Q4 FY21 to unitholders . The record date for the distribution is June 2 , 2021 and shall be paid as INR 1.51 per unit in the form of interest , INR 0.52 per unit as dividend and the balance INR 1.07 per unit as capital repayment . With this , IndiGrid has distributed INR 45.77 per unit to its investors over the last 16 quarters since its listing , a total return of over 78 % on the issue price . Total return is sum of all distributions since listing and change in price till May 25,2021 . IndiGrid announced acquisitions worth INR 75 billion in FY21 across inter - state transmission , intra - state transmission , regulated tariff transmission as well as solar sector ( subject to closure ) . IndiGrid recently raised ~ INR 12.84 billion of capital by way of Rights issue which was subscribed over 1.25 times to create leverage headroom for growth . Separately , IndiGrid also launched the first Public NCD issue by any REIT / InvIT in the country to diversify its sources of debt and increase the debt tenure . The Net Debt / AUM as of 31st March'21 stands at 59 % , giving ample headroom to fuel the next leg of growth journey . Commenting on the financial results , Mr. Harsh Shah , Chief Executive Officer , said : " FY 21 has been a transformative year for IndiGrid with over INR 75 Bn acquisitions across different types of assets . In addition to that , we have raised DPU guidance 4th time since IPO in FY18 to 12.75 Rs / Unit on the back of accretive acquisitions . This is in line with our strategy of providing superior risk - adjusted returns by delivering predictable DPU and growing it by 3-4 % year on year . The vote of confidence accorded by the investors through the recent success of Rights and Public NCD issue further increases our confidence in our ability to maintain a robust balance sheet . " Registered & Corporate Office : Unit No. 101 , First Floor , Windsor , Village Kolekalyan , off CST Road , Vidyanagari Marg , Kalina , Santacruz ( East ) , Mumbai - 400 098 , Maharashtra , India CIN : U28113MH2010PLC308857 Note : Q4 FY21 excludes impact of one - time adjustment on account of change in law