Oriental InfraTrust has approved the audited financial statements for the year ended March 31, 2026, and declared a total distribution of ₹3.9155 per unit for the quarter. The Board of Directors of OIT Infrastructure Management Limited, acting as the Investment Manager, approved the results and payout in a meeting held on May 28, 2026. The distribution amounts to a total of ₹2,28,30,45,000 and is payable to unitholders on the record date of June 02, 2026.

The approved financial statements cover the Trust on a consolidated basis and Project Entities on a standalone basis, prepared in conformity with Ind AS and IFRS. Alongside the results, the Board considered a performance guidance note for the financial year 2026-2027 and a valuation report from RBSA Valuation Advisors LLP. The Board also approved the re-appointment of M/s S.S. Kothari Mehta & Company as Internal Auditors for FY 2026-27.

The distribution per unit is divided into three components: interest of ₹1.2084, a dividend of ₹0.9735, and a return of capital of ₹1.7336. This structure provides income to unitholders while partially returning their initial capital investment. The trading window for dealing in the securities of the Trust will open 48 hours after the public announcement of the audited financial results, in compliance with SEBI regulations.

Axis Trustee Services Limited serves as the Unit Trustee, while Catalyst Trusteeship Limited acts as the Debenture Trustee for the trust. The meeting proceedings were communicated to the National Stock Exchange of India Limited by Gaurav Puri, Compliance Officer.

Oriental InfraTrust reported a 72.5% decline in Profit After Tax (PAT) to ₹163.5 crore for the financial year ended March 31, 2026, compared to ₹594.3 crore in the previous year. The decrease was primarily driven by asset and goodwill impairment charges totaling ₹385 crore. Revenue from operations for FY26 increased by 6.6% year-on-year to ₹2,361.5 crore, supported by higher toll rates and the addition of the Rajiv Chowk project, despite a decline in overall traffic volumes at certain stretches.

Operational Performance

Consolidated toll revenues for FY26 rose by 7.3% to ₹1,948.4 crore, up from ₹1,815.5 crore in FY25. Average daily toll revenues in Q4FY26 stood at ₹515.3 crore, a 2.8% increase over the corresponding period in the previous year. However, traffic trends varied across projects. The Etawah Chakeri and Nagpur Bypass projects saw traffic declines of 19.9% and 12% respectively in Q4FY26, attributed to base effects from the Kumbh Mela in the prior year and traffic diversion to alternate routes like the Delhi-Mumbai Expressway. Conversely, the Hungund Hospet and Indore projects reported traffic growth of 7.8% and 7.5% respectively, driven by increased mining activity and infrastructure diversions.

Financial Highlights

The Trust recorded an EBITDA of ₹1,947.8 crore for FY26, an increase of ₹83.3 crore over the previous year. However, EBITDA for Q4FY26 decreased by approximately ₹7 crore quarter-on-quarter to ₹501.8 crore due to higher subcontracting expenses. Net Distributable Cash Flows (NDCF) for FY26 stood at ₹753.0 crore, with a yield per unit of 12.91. Cash and investments increased by ₹358.1 crore to ₹1,505.9 crore, reflecting higher revenue generation and cash retention in certain SPVs due to the absence of distributable profits.

Asset Impairment and Debt

The Trust recognized an impairment loss of ₹184.8 crore on intangible assets and ₹10.2 crore on goodwill during FY26, primarily relating to lower estimated future toll revenues at the Biaora Dewas, Oriental Periphery, and Etawah Chakeri projects based on revised traffic studies. Finance costs decreased to ₹661.3 crore in FY26 from ₹685.7 crore in the prior year, aided by debt repayments and the refinancing of high-cost debt with lower-cost Non-Convertible Debentures (NCDs).

Maintenance and Compliance

Major maintenance activities, including micro-surfacing, bituminous concrete works, and road markings, were in progress across all project stretches during the quarter. The Trust received the 23th annuity payment of ₹343.14 crore for the Nagpur Betul project and the first annuity payment post-acquisition for the Rajiv Chowk project. Additionally, the Trust discontinued cash payments for normal toll fees at all plazas effective April 10, 2026, transitioning to digital payments via FASTag or UPI.