India · Delayed Price · Currency is INR Indus Infra Trust Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY25 saw strong financial performance with interest income and EBITDA boosted by the Aligarh-Kanpur project. Cumulative DPU reached INR 11.95 per unit, surpassing guidance, and leverage remains at 27%. Multiple asset acquisitions are planned, with robust sector growth expected.
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Q4 FY 2025 saw strong income and distributions, with asset base expansion and robust guidance for FY 2026. Leverage is set to rise to 55% as five to six new assets are targeted, while DPU guidance is INR 12.5 per unit. IRR for new acquisitions remains around 12%.
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Strong operational and financial performance with Q2 FY 2026 profit at INR 36.49 crores and a distribution of INR 3.35 per unit. AUM is projected to reach INR 11,000–11,500 crores by year-end, with disciplined acquisitions and prudent capital allocation supporting growth.
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Asset base expanded to 13 with major acquisitions, driving FY 2026 DPU above guidance. FY 2027 DPU guidance is set at INR 14 per unit, with AUM targeted at INR 17,500–18,000 crore and a planned equity raise to support growth.
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Strong operational performance and disciplined capital management led to a Q1 DPU of INR 3.25, with robust AUM growth targeted for the next three years. Leverage remains low at 28.97%, and the IRR is estimated at 11.9%–12% post-rate cut.
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Q1 FY27 delivered steady operational and financial performance, supported by new asset acquisitions and a successful capital raise. Distribution guidance remains at INR 14 per unit, with a robust acquisition pipeline and proactive risk management in place.
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Q3 FY26 saw stable performance with INR 3.40 per unit distributed and cumulative nine-month distribution at INR 10 per unit. Yield-accretive acquisitions are underway, with LTV expected around 52%-53% post-acquisition and borrowing costs projected at 6.85%-7.1%.