Roadstar Infra Investment Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Roadstar Infra Investment Trust (an InvIT owning toll-road SPVs) announced its Q1 FY26 (quarter ended June 30, 2025) results. On a standalone basis, the Trust swung to a net loss of Rs. 831.47 million versus a profit of Rs. 618.12 million a year ago, mainly due to a one-time impairment provision of Rs. 1,544.28 million on its investments in subsidiary road SPVs. Revenue from operations rose to Rs. 819.72 million from Rs. 569.12 million. On a consolidated basis, the loss widened to Rs. 1,215.87 million (vs. profit of Rs. 146 million), though revenue grew to Rs. 3,031.80 million. Consolidated NAV per unit slipped to Rs. 89.14 (book value) from Rs. 100.71 at March-end. The Board also re-designated Mr. Dhanraj Tawade as Non-Executive Independent Director for three years. The auditor flagged going-concern uncertainties and debt-recovery discrepancies at three subsidiary SPVs (HREL, PSRDCL, TRDCL).
The sharp quarterly loss and large impairment signal asset-quality concerns at the underlying road projects and may weigh on unit-holders' sentiment in the near term, though the declared cumulative distribution of Rs. 8.90 per unit remains intact. Investors should watch for resolution of subsidiary debt-restructuring issues and any further impairments in coming quarters.