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Indus Inf. Trust share price & results

Indus Inf. Trust· Services

Results to
Jun 2026
Latest analysed call
Q4 FY26

First listed HAM-focused InvIT; owns 13 NHAI highway annuity assets across 8 states, ~838 km.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue244 ₹ crore+31.9% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin80.0 %+15.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit128 ₹ crore+34.7% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity8.08 %−1.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)-3.49 %+90.9 ptsFY Mar 2026 vs FY Mar 2023Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

6 of 6 judged targets kept · 9 open · verdicts reflect calls analysed to Q4 FY26.

Indus Inf. Trust management guidance track record on Inve: 15 targets tracked across analysed earnings calls (6 achieved, 0 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
Acquisition Completionbefore end of current quarter (Q2 FY25)
Call transcript, Q1 FY25 · 14 Aug 2024		Q1 FY25Q4 FY26:Already achieved in prior quarters
Call transcript, Q4 FY26 · 30 Apr 2026		Achieved
FY26 EV/AUM AdditionsINR 3,500-4,000 croresQ4 FY25Q4 FY26:Acquired 3 GR assets for INR 2,639 cr. KNR assets delayed to Q1 FY27, missing the FY26 timeline for the full INR 4,000-4,500 cr target.
Call transcript, Q4 FY26 · 30 Apr 2026		Delayed
Maximum Leverage Ceiling70% after end of next financial year
Call transcript, Q2 FY25 · 8 Nov 2024		Q2 FY25Q4 FY26:Management aims to maintain internal debt threshold at 63-65% of AUM.
Call transcript, Q4 FY26 · 30 Apr 2026		On Track

Source: Inve Guidance Tracker for Indus Inf. Trust · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

9 of Indus Inf. Trust's 15 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 12 more targets are in the full ledger.

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Price

₹124.51 −0.21% · −₹0.26

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +3.2% 1Y

₹115₹120₹125₹130₹135Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 4 Feb 2026Q4 FY26 — 30 Apr 2026

1Y: ₹120.7 on 24 Oct 2025 → ₹124.51. High ₹136.98 (7 Aug 2026), low ₹113.51 (24 Dec 2025).

Previous close
₹124.77
Market cap
₹7.6k Cr
52-week range
₹113.51 – ₹136.98
One year
+3.05%
Price to earnings (TTM to Jun 2026)
19.55×
Return on equity (TTM to Jun 2026)
8.08%

Overview

Symbol
NSE:INDUSINVIT
Sector
Services
Exchange
NSE
Currency
INR

What Indus Inf. Trust does

Based on the company's own presentations, annual report and earnings calls.

Indus Infra Trust (formerly Bharat Highways InvIT) is an infrastructure investment trust that owns and operates a portfolio of national highway road assets built under NHAI's Hybrid Annuity Mode (HAM), earning fixed, pre-determined annuity payments from NHAI rather than toll or traffic-linked revenue. Its portfolio comprises 13 special purpose vehicles (SPVs) spanning eight Indian states, together covering roughly 838 km of highway (about 3,646 lane km). The Trust is sponsored by Aadharshila Infratech Private Limited, with day-to-day operations and maintenance handled by G R Infraprojects Limited (GRIL) and the portfolio managed by GR Highways Investment Manager Private Limited. It was the first HAM-focused infrastructure investment trust to list on the NSE and BSE, in March 2024.

Segments

  • HAM Road Annuity Assets
HAM road projects (SPVs) owned
13
Total portfolio road length
~838.5 km
Total lane kilometers
~3,646 km
States covered
8 (Gujarat, Punjab, Uttar Pradesh, Maharashtra, Madhya Pradesh, Andhra Pradesh, Bihar, Chhattisgarh)
Weighted-average residual concession life
~11.34 years
Annuity payments received to date
87 of 390 scheduled annuities
Founded 2022Headquarters Mumbai, Maharashtra Company website

How the price took the results

close before → close after

Q4 FY26
+1.0%
30 Apr
Q3 FY26
+0.9%
4 Feb
Q2 FY26
−1.0%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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