{"id":142296,"date":"2023-02-21T03:13:33","date_gmt":"2023-02-21T08:13:33","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142296"},"modified":"2023-02-21T03:13:35","modified_gmt":"2023-02-21T08:13:35","slug":"india-grid-trust-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/india-grid-trust-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"India Grid Trust Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from India Grid Trust (<a href=\"https:\/\/44.250.171.167\/symbol\/INDIGRID\/\">INDIGRID<\/a>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:06:17] INDIGRID said that it expects transmission network in India to expand substantially due to the general load growth and the country\u2019s efforts towards energy transition.<\/li>\n<\/ul>\n<ul>\n<li>[00:08:12] On reliability, INDIGRID said it achieved 0.08 trips per-line in 3Q23, which was a record quarter and best in industry at peer comparison level.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:25:28] Mohit Kumar from DAM Capital enquired about the framework agreement and if the projects have been identified and its timelines. Harsh Shah CEO said that INDIGRID has identified the projects, and the bid pipelines are too specific and are the ones that\u2019s already announced.<\/li>\n<\/ul>\n<ul>\n<li>[00:26:00] Mohit Kumar with DAM Capital also asked about the leverage post all the transactions, mainly post KTL and how capital will be raised in FY24. Meghana Pandit CIO replied that currently INDIGRID is at 58% after Raichur. Post acquiring Khargone transmission, it will get close to about 61%. And post-acquisition, depending on the size of acquisition, it will add to the debt and bottom line.<\/li>\n<\/ul>\n<ul>\n<li>[00:28:58] Rahul Marathe of ICICI Prudential queried about the MoU signed with GR Infra and if INDIGRID will be exposed to some greenfield risk. Harsh Shah CEO answered that the MOUs allows INDIGRID to explore different options when it comes to projects. In certain cases, where there is more synergy and value for INDIGRID, it may decide to take on construction risk.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:49] Pratik Kothari at Unique Portfolio Managers asked about the MoU risks that one needs to be aware of. Harsh Shah CEO replied that the MOU itself does not pose any risk to the company. However, if the company looks to do different type of arrangements for bids, then there might be a risk involved. This will depend on various parameters, and the risk is not present as of now.<\/li>\n<\/ul>\n<ul>\n<li>[00:36:09] Chandramouli M asked if the distribution per unit will increase consequent to the NDCF going up 8-9% adding about INR85 crore on new acquisition. \u00a0Harsh Shah CEO replied that INDIGRID have historically taken a decision in 4Q of the Board Meeting for the next annual year to increase distribution if it can be done consistently and remain stable for the next 5 to 6 years. Whether this is done this quarter or not depends on the Board&#8217;s decision, which will be taken up in 1Q24 meeting.<\/li>\n<\/ul>\n<ul>\n<li>[00:51:48] Rajan Patadia asked about the cost of interest for the INR1,500 crore acquisition, INDIGRID is acquiring at 8.5% ROI. Harsh Shah CEO answered that the company will have good amount of spread between the cost of debt and the rate of discounting at which INDIGRID has purchased. Therefore, the impact is minimal.<\/li>\n<\/ul>\n<ul>\n<li>[00:54:43] Rajan Patadia also enquired about the borrowing capacity left after the acquisitions. Harsh Shah CEO replied that anywhere between INR2,000-3,000 crores is what the company reckons, which is sizable.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from India Grid Trust (INDIGRID) Q3 FY23 Earnings Concall Management Update: [00:06:17] INDIGRID said that it expects transmission network in India to expand substantially due to the general load growth and the country\u2019s efforts towards energy transition. [00:08:12] On reliability, INDIGRID said it achieved 0.08 trips per-line in 3Q23, which was a record [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"India Grid Trust Q3 FY23 Earnings Conference Call Insights #INDIGRID #Q3 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[10169,9403],"class_list":["post-142296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-earnings","tag-infrastructure"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":142336,"url":"https:\/\/alphastreet.com\/india\/india-grid-trust-q3-fy23-total-income-increased-up-to-%e2%82%b9607-crore\/","url_meta":{"origin":142296,"position":0},"title":"India Grid Trust Q3 FY23; Total Income Increased Up To \u20b9607 Crore","author":"Hardik Bhandare","date":"January 25, 2023","format":false,"excerpt":"India Grid Trust (NSE: INDIGRID) reported a Total Income of \u20b9607.06 Crores, a boost of 4% growth from the previous year. The Consolidated Net Profit for the business increased by 27% year over year, to \u20b9119.78 Crore from \u20b994.38 Crore. Earnings per Share is \u20b91.68 for this quarter.","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/38bfb9ab-d6ae-4675-a701-47e003a729f2-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/38bfb9ab-d6ae-4675-a701-47e003a729f2-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/38bfb9ab-d6ae-4675-a701-47e003a729f2-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/38bfb9ab-d6ae-4675-a701-47e003a729f2-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/38bfb9ab-d6ae-4675-a701-47e003a729f2-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/38bfb9ab-d6ae-4675-a701-47e003a729f2-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":143366,"url":"https:\/\/alphastreet.com\/india\/gr-infraprojects-companys-project-bids-partnership-with-indigrid\/","url_meta":{"origin":142296,"position":1},"title":"GR Infraprojects: Company\u2019s Project Bids &#038; Partnership with Indigrid","author":"Hardik Bhandare","date":"March 22, 2023","format":false,"excerpt":"GR Infraprojects Limited (NSE: GRINFRA) has emerged as one of the leading infrastructure companies in India, with a diverse range of services including design, engineering, procurement, construction, and project management. The company has executed projects in over 15 states across the country, and its client list includes various government agencies,\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/a212ad33-9b9e-4855-a314-ea3cba214db2-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/a212ad33-9b9e-4855-a314-ea3cba214db2-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/a212ad33-9b9e-4855-a314-ea3cba214db2-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/a212ad33-9b9e-4855-a314-ea3cba214db2-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/a212ad33-9b9e-4855-a314-ea3cba214db2-3.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/a212ad33-9b9e-4855-a314-ea3cba214db2-3.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":139541,"url":"https:\/\/alphastreet.com\/india\/india-grid-trust-indigrid-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":142296,"position":2},"title":"India Grid Trust (INDIGRID) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"January 31, 2023","format":false,"excerpt":"India Grid Trust (NSE:INDIGRID) Q3 FY23 Earnings Concall dated Jan. 30, 2023. Corporate Participants: Harsh Shah\u00a0--\u00a0Chief Executive Officer and Whole-time Director Satish Talmale\u00a0--\u00a0Chief Operating Officer Divya Bedi Verma\u00a0--\u00a0Chief Financial Officer Meghana Pandit\u00a0--\u00a0Chief Investment Officer Analysts: Jiten Rushi\u00a0--\u00a0Axis Capital -- Analyst Mohit Kumar\u00a0--\u00a0DAM Capital -- Analyst Rahul Marathe\u00a0--\u00a0ICICI Prudential Pension Funds\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142319,"url":"https:\/\/alphastreet.com\/india\/india-grid-trust-q2-fy23-net-profit-surged-by-84-year-on-year\/","url_meta":{"origin":142296,"position":3},"title":"India Grid Trust Q2 FY23; Net Profit Surged By 84% Year On Year","author":"Hardik Bhandare","date":"November 10, 2022","format":false,"excerpt":"India Grid Trust (NSE: INDIGRID) reported Total Income for Q2 FY23 of \u20b9595.91 Crore up from \u20b9559.97 Crore year on year, a growth of 6%. The Consolidated Net Profit of \u20b9125.79 Crore, up 84% from \u20b968.17 Crore in the same quarter of the previous year. The Earnings per Share is\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/25928b32-c9d7-47ba-8cee-25b7ca3e8c0d-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/25928b32-c9d7-47ba-8cee-25b7ca3e8c0d-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/25928b32-c9d7-47ba-8cee-25b7ca3e8c0d-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/25928b32-c9d7-47ba-8cee-25b7ca3e8c0d-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/25928b32-c9d7-47ba-8cee-25b7ca3e8c0d-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/25928b32-c9d7-47ba-8cee-25b7ca3e8c0d-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142374,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-india-grid-trust-for-q3-fy23\/","url_meta":{"origin":142296,"position":4},"title":"Earnings Summary Of India Grid Trust For Q3 FY23","author":"Hardik Bhandare","date":"January 25, 2023","format":false,"excerpt":"India Grid Trust\u00a0(NSE:\u00a0INDIGRID) is the country\u2019s first and largest Infrastructure Investment Trust (InvIT) of the power transmission sector. It is responsible for owning, running, and managing renewable energy resources as well as power transmission networks that provide dependable power across India. It offers investors an alluring cash yield, backed by\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-4.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-4.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":143414,"url":"https:\/\/alphastreet.com\/india\/indigrid-be-a-part-of-indias-growth-story\/","url_meta":{"origin":142296,"position":5},"title":"IndiGrid: Be a Part of India&#8217;s Growth Story","author":"Karan_Singh","date":"March 27, 2023","format":false,"excerpt":"\u201cThe transmission network in India, we believe, is going to expand substantially first on account of the general load growth, and second due to India's efforts towards energy transition. So we believe that there is going to be a substantial amount of capex and we will have a reasonable amount\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/alphastreet.com\/india\/category\/energy-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1363808450.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142296"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}