Indigrid InvIT: High yield on stable and predictable revenues

Here is the link to investor presentation Q1 2024

Things that need debate

1. 20% of the reserves used to shore up DPU commitment. Does not look right to me…but this is not new…had happened earlier in corresponding Q1 of last year too (at that time, it was almost 50%)
   

This is how it was in FY23 Q4

2. with 83% of debt locked in fixed rate, interest rate hike regime change in market, is not going to bring an immediate relief. It may take years to play out, with a lag effect…Please note that this used to be 78% before in Q4

3. Higher financing cost is take the sheen off, in general