Indus Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Indus Infra Trust filed the transcript of its Q2 FY26 earnings call held on November 10, 2025. The Trust declared a distribution of INR 3.35 per unit for Q2 FY26, taking H1 FY26 cumulative DPU to INR 6.6 and since-listing DPU to INR 20.80 per unit, reaffirming FY26 guidance of INR 12.5 per unit. Management outlined an aggressive AUM growth plan, targeting INR 11,000–11,500 crore by FY26-end (adding INR 4,000–4,500 crore) and INR 17,000–18,000 crore by FY27-end (adding INR 6,500–7,000 crore), backed by ROFO and non-ROFO acquisitions including the Araria-Galgalia package 2 asset. To fund growth, leverage will temporarily rise to ~65%, after which the Trust plans equity raises of INR 800–1,000 crore in Q1 FY27 and INR 2,500–3,000 crore in Q4 FY27. Standalone Q2 EBITDA (ex-impairment) stood at INR 189.96 crore, while NDCF of INR 148.90 crore was largely self-funded.
Stable near-term distributions remain intact with a credible growth pipeline, but unitholders should brace for meaningful equity dilution over FY27 as the Trust scales AUM nearly 3x by FY27-end. Short-term share price may react to the confirmed equity raise roadmap and modest margin pressure from repo rate cuts.