Indus Infra Trust (INDUSINVIT) — concall transcript | 30 September 2025

Indus Infra Trust reported H1 FY26 results with INR3.35 per unit distribution comprising INR2.51 interest, INR0.10 dividend, and INR0.74 capital return. The Trust maintains 31.6% leverage, has acquired 9 HAM road assets, and sees strong infrastructure growth driven by government highway projects. Management highlighted a pipeline of INR4,000-4,500 crores AUM additions this fiscal and plans for INR6,500-7,000 crores next year, potentially requiring equity raises of INR800-1,000 crores in Q1 and INR2,500-3,000 crores in Q4. NAV growth is limited by lower base and modest WACC reductions despite sector-wide rate cuts.