Capital Infra Trus has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Capital Infra Trust reported strong Q3 FY26 results, completing 3 HAM road asset acquisitions for Rs. 2,350 crores, expanding AUM by 57% to Rs. 6,733 crores. NAV rose 7.2% quarter-on-quarter to Rs. 72.31 per unit, and the Trust declared a DPU of Rs. 2.34 per unit, taking cumulative distributions since listing to Rs. 33.09 per unit (Rs. 976 crores returned to unitholders). All 5 quarterly annuities totaling Rs. 347 crores were received on time. The CFO outlined a debt reduction roadmap: Rs. 420 crores of prepayments, refinancing Rs. 933 crores of NCDs at 6.85% (down from 7.75%), cutting effective interest rate from 7.82% to 7.35%. Management revised cash yield guidance DOWN from earlier 13.5%-14% to 11%-12% due to RBI rate cuts, citing IPO price of Rs. 99 as the base. Portfolio now spans 12 operational HAM assets across 8 states covering 847 km, with a 13.4-year residual concession life.
Shareholders see accretive acquisitions and disciplined deleveraging, but the revised yield guidance (11-12% vs earlier 13.5-14%) signals margin pressure from rate cuts. Medium-term AUM target of Rs. 9,000-10,000 crores and pipeline of 14 ROFO assets support growth, though future equity dilution is likely for further acquisitions.