IRB InvIT Fund reported a 47% year-on-year surge in net distributable cash flows to ₹7,060.61 million for the financial year ended March 31, 2026. The Trust declared a distribution of ₹6.60 per unit, aggregating approximately ₹706 crore, while its enterprise value rose to approximately ₹18,250 crore following the acquisition of four new assets.

The Trust’s total consolidated income grew by 42% year-on-year, driven by the addition of three BOT assets and one HAM asset. This expansion increased the portfolio to ten operational highway assets spanning 4,445 lane kms. The acquisitions were funded through a Qualified Institutional Placement and a preferential issue, which collectively raised ₹4,250 crore.

Financial Performance

The Trust’s robust operational performance was reflected in its financial metrics. Net distributable cash flows grew 47% to ₹7,060.61 million in FY26 from ₹4,804.73 million in the previous year. This growth supported the distribution of ₹6.60 per unit, which totaled approximately ₹706 crore for the year.

Total consolidated income increased by 42% during the year. The Trust’s enterprise value expanded to approximately ₹18,250 crore as of March 31, 2026, up from around ₹8,000 crore at the beginning of the year. This valuation was bolstered by the acquisition of IRB Hapur Moradabad Tollway Limited, Kaithal Tollway Limited, Kishangarhulpa Tollway Limited from IRB Infrastructure Trust and VM7 Expressway Private Limited from the Sponsor.

Capital Raising and Debt

To fund these acquisitions, the Trust successfully raised ₹4,250 crore through a Qualified Institutional Placement and a preferential issue. Additionally, it reduced borrowing costs by 90 basis points and raised long-term Non-Convertible Debentures at competitive rates to optimize its capital structure.

Asset Portfolio

The Trust now manages a diversified portfolio of ten revenue-generating highway assets, comprising eight BOT assets and two HAM assets. The weighted average residual concession life of the portfolio is approximately 21 years, providing strong visibility of long-term cash flows through predictable toll revenues and recurring O&M income.

Governance and Compliance

The Trust maintained its AAA credit rating, reaffirmed by both India Ratings and Research and CARE Ratings, underscoring the quality of its assets and disciplined capital management. The annual report for FY26 has been dispatched to unitholders and is available on the Trust’s website.

IRB Tumkur Chitradurga Tollway Limited (IRBTC), a subsidiary of irb invit fund , received an Arbitral Award dated June 25, 2026 in the matter of IRBTC vs National Highways Authority of India (NHAI). The dispute concerned the revocation of a deferment scheme and the calculation of deferred premiums for previous years, along with other force majeure claims. The company has already accounted for the deferred premium and related interest as liabilities in its books of accounts.

The Arbitral Tribunal directed IRBTC to pay the deferred premium along with interest. The specific amount is to be determined by NHAI within 12 weeks of the Award, following which IRBTC must make the payment within the subsequent 12 weeks. It is pertinent to note that the decision of the Arbitral Tribunal was not unanimous.

Key Details of the Arbitral Award

IRBTC stated that it will take steps to protect its rights under the Concession Agreement and applicable laws, based on advice from its legal counsels. The filing was made by Swapna Arya, Company Secretary & Compliance Officer, on behalf of the Investment Manager to IRB InvIT Fund.