Capital Infra Trus has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Capital Infra Trust reported strong Q4 & FY26 results. AUM grew 42% YoY to INR 6,611 crore driven by 3 HAM acquisitions (enterprise value INR 2,570 crore at 9.3% discount to intrinsic value). The Trust refinanced INR 2,000 crore of external debt at 6.85%, reducing effective annualized interest rate from 7.33% to 7.24%. Q4 FY26 standalone total income was INR 259 crore; consolidated net profit stood at INR 195 crore. The board approved Q4 DPU of INR 2.4 per unit (INR 118 crore payout). FY26 total distribution was INR 11.6 per unit delivering a cash yield of 13.1%. Management guided FY27 DPU of INR 9 to INR 9.25 per unit (~13-13.5% yield) based solely on current 12 operational assets, with 10% DPU growth targeted for FY28. After June distribution, the Trust will be eligible to enhance leverage beyond the 49% limit up to ~60%, enabling debt-funded acquisitions without equity dilution.
The Trust is well-positioned to grow AUM to INR 10,000 crore by FY27 through sponsor ROFO assets and selective third-party acquisitions, largely funded via debt. Margin improvement through cost-of-debt optimization and fixed-price O&M contracts provides earnings stability. The annuity-linked revenue structure offers a natural hedge in a rising rate environment, supporting both distributions and NAV.