Citius TransNet Infrastructure Trust reported a net loss of ₹2,487.20 million for the quarter ended June 30, 2026, widening significantly from the ₹31.53 million loss in the comparable period ended March 31, 2026. This marks the first consolidated financial results for the Trust since it completed the acquisition of its holding companies and operational special purpose vehicles (SPVs) on April 21, 2026.

The Trust generated revenue from operations of ₹3,539.31 million during the quarter. Total income stood at ₹3,677.17 million, which included interest income on fixed deposits of ₹33.48 million and income from mutual fund investments of ₹85.83 million.

Financial Performance

Total expenses for the quarter amounted to ₹6,127.66 million, driven primarily by non-cash accounting charges related to the newly acquired assets. Key expense components included:

• Depreciation and amortisation: ₹2,551.00 million
• Impairment of rights under service concession arrangement: ₹1,114.96 million
• Finance costs: ₹1,369.12 million
• Provision for major maintenance obligations: ₹399.39 million

The loss before tax was ₹2,450.49 million. After accounting for a current tax expense of ₹36.71 million, the net loss after tax reached ₹2,487.20 million.

What the Numbers Show

The financial results highlight the impact of acquisition-related accounting adjustments on the Trust's profitability metrics. While the Trust reported an EBITDA margin of 73.03%, the net profit margin was -70.27%. This divergence is primarily due to the significant depreciation and impairment charges associated with the highway infrastructure assets acquired in April 2026. The impairment loss of ₹1,114.96 million reflects the management's assessment of the recoverable amount of investments in certain SPVs based on value-in-use calculations.

Balance Sheet and Ratios

As of June 30, 2026, the Trust's net worth stood at ₹57,929.02 million. The debt equity ratio was reported at 0.77 times. Coverage ratios remained robust, with a debt service coverage ratio of 3.34 times and an interest service coverage ratio of 5.27 times.

Distribution and Corporate Actions

The Board of Directors of the Investment Manager approved a distribution of ₹2.06 per unit for the quarter ended June 30, 2026. The payout is scheduled to be made within five working days from the record date.

During the quarter, the Trust issued 110.50 million units at ₹100 per unit through an initial public offer, raising ₹11,050 million. The Trust was listed on the BSE and NSE on April 29, 2026. Additionally, the Trust secured long-term rupee loan facilities of up to ₹39,580 million from State Bank of India Limited and ₹15,000 million from National Bank for Financing Infrastructure and Development for refinancing purposes.

The unaudited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors of EAAA TransInfra Managers Limited on August 13, 2026.

SJ Corporation Ltd submitted a revised consolidated auditor report for the year ended March 31, 2026, to BSE Limited following an exchange query regarding discrepancies in the financial results. The submission addresses the observation that the previously filed Consolidated Results - Auditor Report was not in the format prescribed by SEBI circular CIR/CFD/CMD1/80/2019 dated July 19, 2019. The company has now provided the report in the required format for the financial year ended March 31, 2026.

The independent auditor's report was issued by SDBA & Company, Chartered Accountants, on May 30, 2026. The audit covers the Consolidated Financial Results of SJ Corporation Limited ('the Parent') and its subsidiary, Fishfa Rubbers Limited ('the Group'). The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013.

In its opinion, SDBA & Company stated that the Consolidated Financial Results for the year ended March 31, 2026, are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors confirmed that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards.

The report noted that the consolidated financial results include the audited standalone financial statements of one subsidiary, Fishfa Rubbers Limited, which was not audited by SDBA & Company. The financial figures for this subsidiary, as audited by other auditors, reflect total assets of Rs.21,471.72 lakh, total revenues of Rs. 18,280.75 lakh, and total profit after tax of Rs. 1,290.32 lakh for the year ended March 31, 2026.

The auditors clarified that their opinion on the Annual Consolidated Financial Results, insofar as it relates to the amounts and disclosures included for the subsidiary, is based solely on the reports of the other auditors. The opinion is not modified regarding the reliance on the work done by these auditors. The report also includes results for the quarter ended March 31, 2026, derived as a balancing figure between the audited full-year figures and the published year-to-date figures up to the third quarter.