BSEIndus Infra TrustHighNeutral
Announced Fri, 7 Nov, 2025 · 22:38 IST

Indus Infra Trust has informed the Exchange regarding Disclosure of material issue

Ebitda Margin CompressionRelated Party TransactionsResults View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Indus Infra Trust (formerly Bharat Highways InvIT) submitted its H1 FY26 half-yearly report covering 9 road HAM assets with combined AUM of Rs. 67,372 Million. On a consolidated basis, revenue from operations grew 9.4% to Rs. 3,098.22 Million (from Rs. 2,831.53 Million), but profit after tax fell ~16.5% to Rs. 1,799.29 Million (from Rs. 2,153.96 Million), with EBITDA margin compressing from ~98.5% to ~85.5%. On a standalone basis, revenue from operations declined ~55% to Rs. 3,860.41 Million due to lower intra-group interest income. The Trust availed a fresh Rs. 5,609.60 Million term loan from Punjab National Bank (on-lent to GGBHPL), made no new asset acquisitions, and declared Rs. 6.60 per unit distribution for H1 FY26. Credit ratings of AAA/Stable were reaffirmed by CRISIL, India Ratings and CARE, with consolidated gross leverage at 31.59% and net leverage at 19.07%.

Likely market impact

Stable leverage and AAA/Stable credit ratings support continued investor confidence, but consolidated PAT compression and absence of new acquisitions may limit near-term distribution growth. Unit price closed at ~Rs. 114, broadly stable, reflecting a balanced view of yield (~11.5% annualized) against earnings pressure.