Quarterly results came out on 10th Nov, post market (which means that market has digested the info on Friday, 11th Nov and there was no change on either direction !)
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Key Highlights
• Acquired Raichur Sholapur Transmission Limited (RSTCPL) for ~₹ 2,500 million
• Q2 FY23 Revenue and EBITDA up 6% YoY
• Q2 FY23 Distribution at ₹ 3.30 per unit, up 3.5% YoY
IndiGrid reports robust Q2 performance
On track to deliver FY23 DPU guidance of ₹ 13.20
https://www.bseindia.com/xml-data/corpfiling/AttachHis/538f1566-1e3e-4b7b-8d40-d273ab477394.pdf
The record date for the distribution is November 16, 2022 and shall be paid as ~₹ 3.11 per unit in the form of interest and ~₹ 0.19 per unit as capital repayment.
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Comment by me
With current price of 140, if someone has to buy it today, the 13.20 guidance will give a distribution of ‘on-hand’ pretax return of 9.45%
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