Citius TransNet Investment Trust reported total revenue from operations of ₹19,870.46 million for the financial year 2025. The trust manages a diversified portfolio of 11 road assets across India, comprising toll and annuity projects, with an average operating history of 11.5 years. The portfolio spans approximately 734.49 lane kilometers and includes assets in states such as Gujarat, Karnataka, Haryana, and Odisha.

The initial portfolio consists of seven toll assets and four annuity assets. The toll assets generated revenue of ₹17,348.26 million, while the annuity assets contributed ₹2,522.21 million in FY25. The trust's assets are strategically located on key national and state highways, connecting major industrial and logistical hubs.

Portfolio Composition

The trust's investment manager, EAAA TransInfra Managers Limited, has signed definitive documents to acquire a portfolio of 11 Hybrid Annuity Model (HAM) road assets under a Right of First Offer (ROFO) agreement. The EAAA platform has already completed the acquisition of five HAM road assets and is in the process of acquiring the remaining six assets. The identified ROFO portfolio comprises approximately 2,367 lane kilometers with an average operating history of 4.67 years and residual concession life of 10.33 years.

Growth Prospects

The trust aims to achieve calibrated portfolio expansion through the ROFO assets and prudent capital management. The transport sector outlook remains positive, with an expected investment potential of INR 42-45 trillion across transport infrastructure from FY25 to FY30. Roads are expected to attract the highest share of this investment, estimated at INR 33-35 trillion.

Citius TransNet is registered as an infrastructure investment trust with the Securities and Exchange Board of India (InvIT) Regulations, 2014. The trust's governance framework includes an experienced board with independent directors and a focus on risk management and operational excellence.

Citius TransNet Investment Trust reported a net loss of ₹31.53 million for the quarter and period ended March 31, 2026, as the Trust incurred expenses related to its initial public offering and subsequent asset acquisitions. The total expenses for the period stood at ₹31.53 million, driven primarily by listing expenses of ₹24.80 million and other current assets of ₹257.41 million. The Trust, which operates as an Infrastructure Investment Trust registered with SEBI, has no revenue from operations for the reported period as the acquisition of underlying assets was completed subsequent to the quarter end.

The Board of Directors of EAAA Transinfra Managers Limited, acting as the Investment Manager, approved the audited standalone financial information on May 25, 2026. The statutory auditors, SRBC & CO LLP, provided an unmodified opinion on the financial results, confirming compliance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The auditor's report verified that the financial statements give a true and fair view of the Trust's state of affairs as at March 31, 2026.

Financial Performance

The financial results for the quarter and period ended March 31, 2026, reflect the pre-operational phase of the Trust. The Statement of Financial Results indicates a loss before tax of ₹31.53 million, with no tax expense recorded during the period. Consequently, the loss for the period after tax remained at ₹31.53 million. The Trust reported nil earnings per unit as no units were outstanding as at March 31, 2026.

Asset Position and Cash Flows

As at March 31, 2026, the Trust's total assets amounted to ₹257.42 million, comprising cash and cash equivalents of ₹0.01 million and other current assets of ₹257.41 million. The equity and liabilities side shows a total unitholders' equity of (₹31.52) million and total current liabilities of ₹288.94 million, primarily consisting of trade payables. The Statement of Cash Flows for the period ended March 31, 2026, shows a net increase in cash and cash equivalents of ₹0.01 million, resulting from proceeds from an initial corpus contribution.

Subsequent Events and Disclosures

Subsequent to the reporting period, the Trust completed significant corporate actions. On April 21, 2026, it acquired 100% equity interest in 2 holding companies and 10 operational highway SPVs. Following a fully subscribed initial public offer, the Trust issued 11,05,00,000 ordinary units at ₹100 per unit, aggregating to ₹11,050 million. The units were listed on BSE and NSE on April 29, 2026. Expenses amounting to ₹257.41 million were incurred during the period in connection with the proposed public issue.