India · Delayed Price · Currency is INR Capital Infra Trust Earnings Call Transcripts
Fiscal Year 2026
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Q1 FY 2026 saw steady cash flows, INR 4,185 crore AUM, and a 14.75% yield guidance. Three new assets are targeted for acquisition, with a planned INR 900 crore equity raise and a focus on maintaining double-digit returns. Debt/AUM ratio breach is temporary and will be rectified.
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Strong maiden results with INR 4,912 crore AUM, robust sponsor backing, and highest-ever InvIT distribution per unit. FY 2026 guidance targets 80% AUM growth and INR 14.61 per unit distribution, with a focus on operational HAM assets and prudent capital allocation.
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Reduced leverage and improved balance sheet position, with net debt down to 45.6% and strong operational stability. Three new HAM asset acquisitions will boost AUM by over 60%, while DPU and cash yields remain robust. Growth targets and disciplined capital management continue.
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Q4 and FY 2026 saw robust growth from new asset acquisitions, improved debt structure, and stable operations, resulting in higher NAV and strong distributions. FY 2027 guidance projects steady DPU and cash yield, with further upside from acquisitions and rising rates.
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Q3 FY 2026 saw robust growth with three new HAM asset acquisitions, a 57% AUM increase, and improved NAV. Distributions remain strong, with a targeted 11%-12% yield, and refinancing efforts are reducing interest costs. The outlook is positive, supported by a strong acquisition pipeline and stable operations.
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Q1 FY 2027 saw stable operations, strong annuity-backed cash flows, and disciplined cost control. Six new HAM assets are under due diligence, with leverage set to rise for acquisitions. Distribution guidance of INR 9–9.25 per unit is reaffirmed.