Capital Infra Trus has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Capital Infra Trust reported Q1 FY26 total income of Rs. 2,062.9 Mn but posted a loss after tax of Rs. 737.2 Mn and negative EBITDA of Rs. 630.6 Mn, mainly due to a Rs. 1,812.7 Mn loss on modification of financial assets. Despite accounting losses, Net Distributable Cash Flow (NDCF) stood at Rs. 993.7 Mn, supporting a distribution of Rs. 3.61 per unit (in line with FY26 guidance of Rs. 14.61/unit, implying a 14.75% yield). AUM is currently at ~Rs. 4,185 Cr across 9 HAM road assets spanning ~683 kms in 7 states, with Net Debt/AUM at ~53% and an AAA Stable credit rating. Management targets AUM growth to ~Rs. 11,000 Cr by FY27E and ~USD 5 Billion by 2030, backed by 17 ROFO HAM assets in the pipeline. One new asset, JRR Highways (74.6 Kms, ~Rs. 2,500-3,000 Cr enterprise value), is currently under acquisition. Cumulative distributions to unitholders since listing stand at ~Rs. 27.50 per unit (Rs. 7,573.5 Mn).
Accounting losses may concern investors, but steady NDCF and on-track DPU guidance suggest distributions remain secure. The strong pipeline and multi-year AUM growth targets could support long-term unitholder value, while the high debt-to-AUM ratio (~53%) is a key risk to monitor.