Roadstar Infra Investment Trust financials
- Jun 2026
InvIT owning six operating national-highway road assets across India via toll and annuity concessions.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 296 | −2.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 68.0 | +51.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 34.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | -2.68 | −5.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 68.89 | −6.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 9.42 | −10.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
- Market cap
- ₹2.8k Cr
- Return on equity (TTM to Jun 2026)
- -2.68%
Overview
- Symbol
- NSE:ROADSTAR
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Roadstar Infra Investment Trust does
Based on the company's own presentations, annual report and earnings calls.
Roadstar Infra Investment Trust (RIIT) is an infrastructure investment trust that owns and operates a portfolio of six road concession SPVs across six Indian states, acquired from the erstwhile IL&FS Group under an NCLAT-approved resolution framework. It earns revenue either as toll collections from vehicles using its highway stretches or as fixed annuity payments from NHAI, depending on the concession structure of each asset. Roadstar Investment Managers Limited acts as Investment Manager, with Elsamex Maintenance Services Limited providing project management and O&M services across the SPVs.
Segments
- Toll assets
- Annuity assets
- Operating road assets in portfolio
- 6 (4 toll, 2 annuity)
- Total road network length
- ~685 km (~3,145 lane km)
- Geographic footprint
- 6 Indian states (Uttar Pradesh, Rajasthan, Maharashtra, Kerala, Jharkhand, West Bengal)
- Portfolio projects awarded by NHAI
- 67%
- Weighted average operating history of portfolio
- 10.1 years
- Weighted average residual concession life of portfolio
- 12.6 years
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 4 fiscal years held (Mar 2023 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +128% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 165 | 265 | 318 | 303 | 280 | 287 | 287 | 296 |
| Expenses | 117 | 66 | 173 | 252 | 122 | 80 | 278 | 94 |
| Operating profit | 49 | 199 | 145 | 51 | 158 | 207 | 9 | 201 |
| Operating margin | 29.0% | 75.0% | 46.0% | 17.0% | 57.0% | 72.0% | 3.0% | 68.0% |
| Other income | 22 | 19 | 24 | 18 | 15 | 18 | 38 | 20 |
| Interest | 70 | 106 | 105 | 105 | 108 | 103 | 102 | 96 |
| Depreciation | 55 | 81 | 71 | 80 | 82 | 88 | 97 | 91 |
| Profit before tax | -54 | 31 | -7 | -115 | -16 | 34 | -152 | 34 |
| Tax rate | 15.0% | 11.0% | −230.0% | 5.0% | 51.0% | 17.0% | 2.0% | 1.0% |
| Net profit | -62 | 28 | 9 | -122 | -25 | 28 | -156 | 34 |
| EPS (₹ per share) | — | — | 0.22 | -2.63 | -0.50 | 0.66 | -3.40 | 0.77 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 930 | 1,157 |
| Expenses | 408 | 732 |
| Operating profit | 523 | 425 |
| Other income | 81 | 89 |
| Interest | 351 | 418 |
| Depreciation | 266 | 347 |
| Profit before tax | -13 | -249 |
| Net profit | -10 | -275 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 2,541 | 3,744 | 4,555 | 4,409 | 4,409 |
| Reserves | -33 | 73 | 37 | -365 | -490 |
| Borrowings | 2,196 | 2,850 | 3,669 | 3,568 | 3,306 |
| Other liabilities | 140 | 186 | 1,199 | 1,198 | 1,173 |
| Total liabilities | 4,844 | 6,853 | 9,459 | 8,809 | 8,397 |
| Fixed assets | 3,855 | 4,987 | 7,044 | 7,171 | 6,375 |
| Capital work in progress | 0 | 0 | 399 | 0 | 472 |
| Investments | 59 | 64 | 332 | 155 | 46 |
| Other assets | 929 | 1,803 | 1,684 | 1,483 | 1,505 |
| Total assets | 4,844 | 6,853 | 9,459 | 8,809 | 8,397 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | 317 | 625 | 757 | 849 |
| Cash from investing | 384 | 38 | -258 | 226 |
| Cash from financing | -667 | -637 | -581 | -1,071 |
| Net cash flow | 34 | 27 | -83 | 4 |
| Free cash flow | 317 | 625 | 703 | 797 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor days | 11 | 2 | 5 | 4 |
| Cash conversion cycle | 11 | 2 | 5 | 4 |
| Working capital days | -63 | 119 | 26 | -16 |
| Return on capital employed | — | 5.0% | 5.0% | 2.0% |
| Dividend payout | 0.0% | 0.0% | −11582.0% | −87.0% |
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