Kya Chal Raha Hai Company Mein?
Energy Infrastructure Trust, jise pehle India Infrastructure Trust ke naam se jaante the, ne apne Q3 FY26 ke results reveal kiye hain, aur bhai, numbers mein kaafi mix hai.
Standalone Performance Ka Kya Scene Hai?
Agar sirf Trust ki baat karein, toh profit after tax (PAT) mein kaafi gadbad dikh rahi hai. Is quarter mein standalone PAT 52.6% gir gaya hai, jo ₹51.48 Crore se seedha ₹24.41 Crore par aa gaya. Pichhle 9 mahine ka figure bhi kam hua hai, 46.5% down hokar ₹334.34 Crore ho gaya.
Consolidated Mein Toofani Tezi!
Lekin jab consolidated numbers dekho, toh picture ekdum change ho jaati hai. Revenue thoda sa 3.7% kam hokar ₹941.61 Crore raha, lekin PAT ne toh kamaal kar diya! Yeh 1154.0% badhkar ₹13.93 Crore ho gaya, jo pichhle saal sirf ₹1.11 Crore tha. Aur 9 mahine ki baat karein toh loss se nikal kar ab ₹70.17 Crore ka profit aa gaya hai.
SPV (PIL) Ke Cash Flows Mein Uphaar!
Iska bada reason hai Petroleum Infrastructure Limited (PIL), jo SPV hai. Iska Net Distributable Cash Flows (NDCF) 70.9% badhkar ₹392.53 Crore ho gaya. 9 mahine mein toh yeh 119.2% badhkar ₹1,008.09 Crore pahunch gaya hai.
Tariff Hike Ne Lagayi Aag!
PIL ki is badhotri ke peeche sabse bada hath hai PNGRB ka. Unhone PIL Pipeline ka tariff ₹71.66/MMBTU se badha kar ₹74.67/MMBTU kar diya hai, jo 1 January 2026 se लागू ho gaya hai. Isi wajah se SPV ke cash flow mein zabardast izafa hua hai.
Distributions Aur Debt Ka Mamla
Trust ne unit holders ke liye ₹3.9151 se ₹4.0766 per unit tak distribute kiya hai. Aur haan, company par debt bhi kaafi hai, Debt-to-Equity ratio 9.79 hai. Credit ratings still 'AAA' hain, jo achhi baat hai.
Risks Ko Bhi Samajho Bhaiya!
Sabse badi chinta yeh hai ki standalone performance itna gir raha hai, jabki consolidated mein sab kuch theek lag raha hai. Itna zyada debt bhi manage karna hoga. Investors ko nazar rakhni hogi ki yeh tariff hike aage earnings ko kaise affect karti hai aur company apna debt kaise handle karti hai.