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For Immediate Release ● Key Highlights Q2 FY22 Revenue up 43 % YoY to INR 5,476 million on the back of acquisitions Q2 FY22 EBITDA up 49 % YOY to INR 5,040 million supported by robust asset management Q2 FY22 Distribution at INR 3.19 per unit ; up 6 % YoY ● ● IndiGrid IndiGrid reports strong Q2 FY22 performance On track to deliver FY22 DPU Guidance of INR 12.75 Mumbai , Wednesday , October 27 , 2021 : IndiGrid [ BSE : 540565 | NSE : INDIGRID ] , India's first power sector InvIT , announced its earnings for the quarter ended September 30 , 2021. The consolidated revenue grew by 43 % YoY in Q2 FY22 at INR 5,476 million on the back of acquisitions . In tandem , the consolidated EBITDA for the quarter was up 49 % YoY at INR 5,040 million driven by steady operational performance and robust availability . The net distributable cash flow remained steady at INR 2,241 million during the quarter supported by healthy collections at 105 % . The Board of the Investment Manager also approved a Distribution Per Unit ( DPU ) of ~ INR 3.19 ( up 6 % YoY ) for Q2 FY22 to unitholders . The record date for the distribution is November 02 , 2021 and shall be paid as ~ INR 1.86 per unit in the form of interest , INR 1.28 as capital repayment and ~ INR 0.05 per unit as dividend . With this , IndiGrid has distributed ~ INR 52.15 per unit to its investors over the last 18 quarters since its listing , a total return of ~ 90 % on the issue price . Total return is sum of all distributions since listing till Q1 FY21 and change in price till September 30,2021 . The management remains committed to maintain AAA credit rating on the back of strong balance sheet , prudent asset management and operational excellence . The Net Debt / AUM as of September 30 , 2021 , stood at -57 % , significantly below the 70 % cap as per SEBI InvIT regulations thereby providing ample headroom to fund future growth . Commenting on the financial results , Mr. Harsh Shah , Chief Executive Officer , said : “ We are on track to meet the increased FY22 distribution guidance of INR 12.75 per unit on the back of > 50 % growth in EBITDA in H1 FY22 . I am pleased to share that over the last six months , we have reinforced our operational capabilities through implementation of DigiGrid and strengthened our balance sheet by raising pre - emptive growth capital . We have also substantially diversified our sources of debt and reduced the weighted average cost of borrowing by ~ 70 bps YoY . We continue to focus on generating superior and sustainable returns for our investors on the back of our AAA - rated balance sheet , resilient operations and accretive acquisitions . Going forward , we remain optimistic about the growth potential of the power sector in India on the back of supportive regulatory push . We believe we are well - positioned to tap into the opportunities in transmission and solar sector in the country . " IndiGrid continued its track record of successful acquisitions by completing the purchase of its first solar asset ( FRV ) in July 2021 for INR 6.60 billion . This along with the INR 69 billion worth of acquisitions in FY21 , has taken the total AUM to ~ INR 214 billion . In April 2021 , IndiGrid raised ~ INR 12.84 billion of capital by way of Rights issue which was subscribed over 1.25 times to create headroom for growth . Separately , in May 2021 , IndiGrid also successfully launched the first Public NCD issue by any REIT / InvIT in the country to diversify its sources of debt and increase the debt tenure . 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 : Q2 FY22 DPU of INR 3.1875 rounded off to INR 3.19