Capital Infra Trus has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Capital Infra Trust (formerly National Infrastructure Trust), an InvIT, submitted its audited financial results for FY25. The trust listed on BSE and NSE on January 17, 2025 after an IPO of 159.39 million units at ₹99 each (~₹15,780 million). During the year it acquired 9 road SPVs from Gawar Construction for ₹16,494.60 million and raised ₹23,630 million via listed NCDs. Standalone total income was ₹4,048.32 million (dividend from subsidiaries of ₹3,517.56 million, interest on loans ₹523.55 million), but a ₹4,441.65 million impairment on investments in subsidiaries turned the bottom line into a net loss of ₹769.16 million. Net Distributable Cash Flows stood at ₹6,424.84 million, supporting a total FY25 distribution of ₹23.89 per unit. The board declared another ₹2.64 per unit distribution for FY26. Auditor Walker Chandiok & Co LLP issued an unmodified opinion.
Despite the headline net loss caused by one-time impairment, underlying cash distributions to unitholders remain healthy at ₹23.89 per unit for FY25, and the trust successfully completed its IPO and SPV acquisitions. Shareholders should note the sizable exceptional impairment charge on subsidiary investments, though the clean audit opinion and steady NDCF suggest business operations are on track.