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BSECapital Infra TrusHighNeutral
Announced Thu, 5 Feb, 2026 · 19:40 IST

Capital Infra Trus has informed the Exchange regarding Disclosure of material issue

Ebitda Margin CompressionResults View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Capital Infra Trust (InvIT) reported Q3 & 9M FY26 results highlighting a ~57% QoQ jump in assets under management to ₹67,329 million, driven by the acquisition of 3 HAM road assets (JRR Highways, Hasanpur–Bakhtiyarpur, Champa–Korba), taking the portfolio to 12 HAM assets spanning ~847 km across 8 states. NAV per unit rose 7.2% to ₹72.31 during the quarter. However, quarterly earnings softened materially — Q3 total income was broadly flat at ₹1,818.7 million, but EBITDA fell sharply to ₹478.4 million versus ₹1,351.1 million in Q2, and net profit dropped to ₹107.6 million from ₹784.3 million. The Trust declared a distribution of ₹2.34 per unit for Q3 (vs ₹3.3 in Q2), raised ₹12,500 million via QIP and ₹3,450 million via preferential issue, and improved Net Debt/EV to 43.3%.

Likely market impact

The 57% AUM expansion and accretive acquisitions are positive for long-term growth and NAV, but the steep QoQ decline in EBITDA, profit and per-unit distribution signals near-term earnings pressure that could weigh on unit price and investor sentiment in the short term.