Capital Infra Trus has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Capital Infra Trust, an Infrastructure Investment Trust, reported Q1 FY26 results with total income of ₹2,062.9 Mn and a negative EBITDA of ₹(630.6) Mn. Net Distributable Cash Flow (NDCF) stood at ₹993.7 Mn, translating to a distribution of ₹3.61 per unit for the quarter. Assets Under Management were ₹41,850 Mn with Net Debt/AUM at ~53%, covering ~683 km of operational highways with an average residual concession life of 11.3 years. The company reaffirmed its FY26 DPU guidance of ₹14.61 per unit (14.75% yield on issue price). It plans to add ₹2,500–3,000 crore to AUM by acquiring three NHAI-backed HAM assets and is targeting USD 5 billion AUM by 2030.
Negative EBITDA may concern investors, but for InvITs the key metric is NDCF, which remains healthy at ₹993.7 Mn, supporting the DPU guidance. Successful execution of the planned ₹2,500–3,000 crore HAM acquisitions and sustained distributions would be the main catalysts for unitholders; delays in asset additions or any debt-related stress given the ~53% Net Debt/AUM would be risks to monitor.