Indus Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Indus Infra Trust's Q3 FY26 earnings call revealed a stable quarter with a distribution of INR 3.40 per unit (INR 1.44 interest + INR 1.96 capital repayment), taking 9-month cumulative distribution to INR 10 per unit. The Trust signed a Share Purchase Agreement to acquire 4 HAM assets from KNR Constructions, which will extend the InvIT life by 1.13 years, and added one ROFO asset (GR Bahadurganj Araria Highway) from G R Infraprojects, with more GR assets being evaluated for acquisition before March 31, 2026. Standalone interest income came in at INR 187.41 crores and EBITDA excluding impairment at INR 191.02 crores, with total external borrowings at INR 2,424.55 crores at an incremental cost of 6.85-7.1%. Management indicated expected LTV of 52-53% if 3 GR and 2 KNR assets are acquired, possibly requiring fundraising.
The continued acquisition pipeline from KNR and GR Infra is yield-accretive and should support distribution growth, though management declined to provide FY27 DPU guidance, citing pending acquisition finalization. The elevated LTV and potential fundraising indicate some near-term dilution risk for existing unitholders, but cost of borrowing remains manageable at 6.85-7.1%.