India Grid Infrastructure Trust's Q2 FY 2025-26 Quarterly Results
- 06 Jan 2026
Result Summary
- India Grid Infrastructure Trust reported a 1.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 2.9%.
- Its expenses for the quarter were up by 3.7% QoQ and 12.5% YoY.
- The net profit decreased 48.7% QoQ and decreased 60.9% YoY.
- The earnings per share (EPS) of India Grid Infrastructure Trust stood at 0.52 during Q2 FY 2025-26.
Financial Statments for Q2 FY 2025-26
Total Income | 864.20 | 872.98 | 839.75 | -1.0% | 2.9% |
Total Expenses | 828.51 | 798.72 | 736.37 | 3.7% | 12.5% |
Profit Before Tax | 35.41 | 74.01 | 103.38 | -52.2% | -65.7% |
Tax | -3.22 | -1.28 | 4.65 | 151.6% | -169.2% |
Profit After Tax | 38.63 | 75.29 | 98.73 | -48.7% | -60.9% |
Earnings Per Share | 0.52 | 0.87 | 1.22 | -40.2% | -57.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
India Grid Infrastructure Trust is a leading infrastructure investment trust in India, primarily focused on owning and operating power transmission assets. The company plays a vital role in the country's power infrastructure, providing critical services that facilitate the efficient delivery of electricity. As a business trust, India Grid Infrastructure Trust is designed to offer stable and predictable cash flows to its investors. The trust holds a diversified portfolio of transmission projects across various regions in India. Currently, there is no additional information available regarding any recent major developments for the company.
Revenue
For the second quarter of fiscal year 2026 (Q2FY26), India Grid Infrastructure Trust reported a total income of ₹864.20 crores. This represents a slight decrease of 1.0% compared to the previous quarter (Q1FY26), where the total income was ₹872.98 crores. However, on a year-over-year basis, there was an increase of 2.9% from ₹839.75 crores in Q2FY25. This indicates a stable revenue performance over the past year, despite a minor decline in sequential quarters. The revenue trend suggests consistent demand for the company's services within the power infrastructure sector.
Profitability
In Q2FY26, India Grid Infrastructure Trust recorded a profit before tax of ₹35.41 crores, significantly lower than the ₹74.01 crores reported in Q1FY26, marking a 52.2% decrease quarter-over-quarter. Year-over-year, this figure also saw a sharp decline of 65.7% from ₹103.38 crores in Q2FY25. The profit after tax for Q2FY26 was ₹38.63 crores, down 48.7% from the previous quarter's ₹75.29 crores and 60.9% from ₹98.73 crores in the same period last year. This decline in profitability is reflected in the earnings per share, which fell to ₹0.52 from ₹0.87 in Q1FY26 and ₹1.22 in Q2FY25, indicating a decrease of 40.2% quarter-over-quarter and 57.4% year-over-year.
Operating Metrics
The company's total expenses for Q2FY26 were reported at ₹828.51 crores, an increase of 3.7% from ₹798.72 crores in Q1FY26. Year-over-year, the expenses rose by 12.5% from ₹736.37 crores in Q2FY25. The tax provision for Q2FY26 was negative at ₹-3.22 crores, reflecting a significant increase of 151.6% from the previous quarter and a substantial decrease of 169.2% from the tax expense of ₹4.65 crores in the same quarter last year. These figures suggest a notable impact on the company's financial metrics, with expenses showing a rising trend while tax liabilities have decreased dramatically, contributing to the variations in profitability.