Indus Infra Trust Reports FY26 Results, Announces ₹3.50 Distribution
Indus Infra Trust announced its FY26 financial results showing revenue growth of 18.60% to ₹7,567.21 million, though profit declined 45.90% to ₹2,949.12 million. The trust declared ₹3.50 per unit distribution with record date May 5, 2026, and made earnings conference call audio recording available on its website.
*this image is generated using AI for illustrative purposes only.
Indus Infra Trust (formerly known as Bharat Highways InvIT) has released its audited annual financial results for the financial year ended March 31, 2026. The trust reported revenue from operations of ₹7,567.21 million for FY26, representing an 18.60% increase from ₹6,381.31 million in the previous year.
The Investment Manager, GR Highways Investment Manager Private Limited, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The presentation has been uploaded on the trust's website at https://indusinvit.com/investor-information.html and communicated to BSE Limited and National Stock Exchange of India Limited.
| Presentation Details: | Information |
|---|---|
| Release Date: | April 29, 2026 |
| Website Link: | https://indusinvit.com/investor-information.html |
Distribution Record Date Details
The Investment Manager has confirmed that Tuesday, May 5, 2026, has been fixed as the record date for determining eligible unitholders for the distribution. The distribution payment is scheduled to be completed on or before Tuesday, May 12, 2026.
| Distribution Details: | Information |
|---|---|
| Record Date: | Tuesday, May 5, 2026 |
| Payment Date: | On or before May 12, 2026 |
| Total Distribution per Unit: | ₹3.50 |
| Interest Component: | ₹1.01 |
| Return of Capital: | ₹2.49 |
Earnings Conference Call Audio Available
The trust conducted an earnings conference call on Thursday, April 30, 2026, to discuss the financial results. The audio recording of the call has been made available on the trust's website for stakeholders and investors. The recording can be accessed at https://indusinvit.com/pdf/financial-results/2025/10042438.mp3 .
Financial Performance Overview
The trust reported mixed financial performance for FY26 compared to the previous year:
| Financial Metric: | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹7,567.21 million | ₹6,381.31 million | +18.60% |
| Total Income: | ₹7,974.04 million | ₹14,508.74 million | -45.00% |
| Profit for the Year: | ₹2,949.12 million | ₹5,451.19 million | -45.90% |
| Basic Earnings Per Unit: | ₹6.66 | ₹12.31 | -45.90% |
While revenue from operations showed growth, the overall profit declined significantly due to higher impairment charges and reduced other income compared to the previous year.
Strategic Acquisitions
During FY26, the trust expanded its portfolio through strategic acquisitions of four highway projects:
| Acquired Entity: | Acquisition Date | Consideration (₹ million) |
|---|---|---|
| GR Bahadurganj Araria Highway Private Limited: | December 30, 2025 | 479.33 |
| GR Bilaspur Urga Highway Private Limited: | March 25, 2026 | 1,029.30 |
| GR Ena Kim Expressway Private Limited: | March 25, 2026 | 1,537.80 |
| GR Ujjain Badnawar Highway Private Limited: | March 25, 2026 | 165.09 |
| Total: | 3,211.52 |
These acquisitions were made from G R Infraprojects Limited and include deferred consideration components payable upon regulatory approvals.
Balance Sheet Highlights
The trust's financial position as of March 31, 2026:
| Key Balance Sheet Items: | FY26 | FY25 |
|---|---|---|
| Total Assets: | ₹84,897.87 million | ₹67,359.94 million |
| Total Borrowings: | ₹36,882.26 million | ₹17,501.78 million |
| Total Unitholders' Equity: | ₹47,335.14 million | ₹49,812.02 million |
| Net Asset Value per Unit: | ₹116.81 | ₹115.81 |
The increase in total assets reflects the recent acquisitions, while borrowings increased to fund these transactions. The trust generated Net Distributable Cash Flows (NDCF) of ₹11,305.18 million for FY26 compared to ₹10,700.56 million in FY25, representing a 5.60% increase.
Regulatory Compliance
The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI InvIT Regulations. The trust maintains compliance with all regulatory requirements, including the mandatory distribution of at least 90% of net distributable cash flows to unitholders. The investor presentation and intimation have been uploaded on the trust's website for unitholders' reference.
How will the significant increase in borrowings from ₹17.5 billion to ₹36.9 billion impact the trust's debt servicing capacity and future distribution sustainability?
What integration challenges might arise from the four recent highway acquisitions, and how could they affect operational efficiency in FY27?
Given the 45% decline in total income and profit despite revenue growth, what strategic measures is the trust planning to improve profitability margins?
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