त्वम् you, अभिषिक्तः being consecrated, अस्माभिः along with us, पालने to govern, तरसा with vigour, लोकान् all the worlds, विजित्य having conquered, वासवः Indra, मरुद्भिरिव like Indra with Maruts, अयोध्याम् to Ayodhya, व्रज return.

After consecration, you too return to rule Ayodhya along with all of us like Indra who went back (to heaven), accompanied by Maruts after conquering all the worlds with his prowess.