Intelligent Supply Chain Infrastructure Trust Reports Mixed Q1 FY26 Results
Intelligent Supply Chain Infrastructure Trust (ISCIT) announced Q1 FY26 results ending June 30, 2025. Standalone profit increased to ₹83.02 crore from ₹81.78 crore year-over-year. However, consolidated loss widened to ₹78.43 crore from ₹11.75 crore. Total income reached ₹352.26 crore. EBITDA margin decreased to 43% from 67%. The Trust distributed ₹84.28 crore to unitholders, with ₹2.77 per unit. ISCIT maintained AAA credit rating and reported a debt-to-equity ratio of 0.92. Revenue from operations increased to ₹344.60 crore, primarily from warehousing services to Reliance Retail Ventures Limited.

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Intelligent Supply Chain Infrastructure Trust (ISCIT) has announced its unaudited financial results for the first quarter of the fiscal year 2026, ending June 30, 2025. The Trust reported a mixed performance with growth in standalone profits but a widening consolidated loss.
Standalone Performance
On a standalone basis, ISCIT demonstrated strong growth:
- Total income reached ₹147.87 crore
- Profit stood at ₹83.02 crore, up from ₹81.78 crore in the same quarter last year
Consolidated Results
However, the consolidated figures painted a different picture:
- The Trust posted a loss of ₹78.43 crore
- This marks a significant increase from the ₹11.75 crore loss reported in the previous year
Key Financial Metrics
Metric | Q1 FY26 | Q1 FY25 |
---|---|---|
Standalone Profit | ₹83.02 crore | ₹81.78 crore |
Consolidated Loss | ₹78.43 crore | ₹11.75 crore |
Total Income (Consolidated) | ₹352.26 crore | ₹336.68 crore |
EBITDA Margin | 43.00% | 67.00% |
Net Profit Margin | -23.00% | -4.00% |
Operational Highlights
- The Trust distributed ₹84.28 crore to unitholders during the quarter
- Distribution per unit stood at ₹2.77
Corporate Governance
ISCIT has taken steps to enhance unitholder rights:
- Amended its Investment Management Agreement and Trust Deed
- Provided nomination rights to unitholders
Credit Rating
The Trust maintains a strong credit profile:
- AAA credit rating from CARE Ratings Limited
- Rating reaffirmed on April 10, 2025
Financial Position
As of June 30, 2025:
- Debt-to-Equity Ratio: 0.92
- Net Borrowings Ratio: 0.45
- Current Ratio: 0.78
Revenue and Operations
- Revenue from operations increased to ₹344.60 crore in Q1 FY26, up from ₹332.86 crore in Q1 FY25
- The Trust's primary revenue source is warehousing services provided to Reliance Retail Ventures Limited
Expenses and Investments
- Operations and Maintenance Expense rose to ₹121.08 crore from ₹112.76 crore year-over-year
- Capital expenditure on existing assets amounted to ₹83.16 crore
Outlook
While ISCIT's standalone performance shows improvement, the widening consolidated loss may be a concern for investors. The Trust's focus on expanding its infrastructure and maintaining its AAA credit rating suggests a long-term strategy for growth in the supply chain infrastructure sector.
Investors and analysts will likely keep a close eye on how the Trust manages to narrow its consolidated losses while continuing to provide stable distributions to unitholders in the coming quarters.
Historical Stock Returns for Intelligent Supply Chain Infra
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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0.0% | 0.0% | 0.0% | +13.64% | +13.64% | +22.55% |