Indus Infra Trust · NSE:INDUSINVIT
Indus Infra Trust — Q1 FY27 Earnings Presentation
34 slides from Indus Infra Trust's earnings presentation, Aug 5, 2026
Slide 1: Exchange filing letter for investor presentation on Q1 results
5th August 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C‐1, Block G Dalal Street, Bandra‐Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai ‐400051 Scrip Code: 544137 Symbol: INDUSINVIT Subject: Investor Presentation on the Financial Results of th
Slide 2: Investor Presentation Q1 FY27
GR Highways Investment Manager Private Limited Investor Presentation Q1 FY27
Slide 3: Disclaimer
Disclaimer • This presentation is issued by GR Highways Investment Manager Private Limited (the “Investment Manager”) on behalf of Indus Infra Trust erstwhile Bharat Highways InvIT (“the Trust”) for general information purposes only, without regard to specific objectives, suitability, financial situ
Slide 4: Disclaimer
Disclaimer • This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or
Slide 5: Index
Index Financial Highlights 5 Distribution 8 Debt profile & Unitholding Pattern 11 Acquisition during the quarter & Proposed Acquisitions 14 Asset Portfolio 20 Overview of Indus Infra Trust 24 Board of Directors & KMPs 30 4
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS Go to Index 5
Slide 7: Standalone Financial Highlights
Standalone Financial Highlights Rs. in Million QY ended FY ended Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026 31.03.2025 Total Income 2,522.91 2,001.23 1,984.29 7,974.04 14,508.74 Total Expenses 485.92 795.45 640.44 3,352.58 7,842.34 EBITDA* 2,036.99 1,205.78 1,343.85 4,621.46 6,666.40 Fi
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights Rs. in Million QY ended FY ended Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026 31.03.2025 Total Income 3,016.58 2,081.16 2,044.88 7,490.67 8,555.97 Total Expenses 706.63 585.64 370.60 1,939.01 2,236.44 EBITDA 2,309.95 1,495.52 1,674.28 5,551.66 6,319.53 Fi
Slide 9: Distribution
-4 INDUS INFRA TRUST DISTRIBUTION Go to Index
Slide 10: Distribution Summary
Distribution Summary: Rs. / Unit Date of Record Capital Period Interest Dividend Others Total Cumulative approval Date Repayment FY 23-24 Q4 28-May-24 31-May-24 0.50 2.50 0.00 - 3.00 3.00 FY 24-25 Q1 Aug 13-Aug-24 16-Aug-24 0.72 2.28 0.00 - 3.00 6.00 FY 24-25 Q1 Sep 16-Sep-24 17-Sep-24 0.24 0.76 0.0
Slide 11: InvIT NDCF Calculation
InvIT NDCF Calculation Rs. In Millions • DPU: Rs. 3.55 per unit • Interest: Rs. 2.38 per unit, Return of Capital: Rs. 1.17 per unit 2,169.07 2,257.72 3,592.99 61.64 (64.99) 63.05 417.33 (1,356.30) (455.99) 1,381.83 2,336.87 (125.71) 10
Slide 12: Debt Profile and Unitholding Pattern
DEBT PROFILE AND UNITHOLDING PATTERN Go to Index 11
Slide 13: Prudent Debt Profile
Prudent Debt Profile Credit Ratings Debt Profile As on 30th June 2026 Rs in Million AAA/Stable Particulars Standalone Consolidated External Debt 56,226.82 63,457.79 AAA/Stable 100% Floating 2.02x Repo & T-bill 34.04% DSCR1 linked Net Debt to AUM Borrowings AAA/Stable Lending Relationships CARE Ratin
Slide 14: Unitholding Pattern
Unitholding Pattern Top Five Unitholders other than S.No. Particulars No. of Units % Sponsor/IM/PM and their related Unitholding % parties 1 Sponsor 9,16,60,084 15.00 NPS Trust 5.54% 2 Related Party of the Trust 1,92,938,705 31.58 Kotak Mutual Fund 4.18% HDFC Mutual Fund 3.99% Non-Institutional 3 7,
Slide 15: Acquisition Completed During the Quarter
ACQUISITION COMPLETED DURING THE QUARTER Go to Index 14
Slide 16: Asset: KNR Palani Infra Private Limited (KPIPL)
Asset : KNR Palani Infra Private Limited (KPIPL) Residual Kms / 45.38 / State Tamil Nadu Authority NHAI Mode HAM 11.18 years* Tenor Lane kms 181.52 Four Laning of Oddanchatram – Madathukulam section of NH-209 (New NH-83) of 45.38 kms (Design Ch. Km 29.000 to Km. 74.380) PCOD Annuities recd. Sep 02,
Slide 17: Asset: KNR Ramagiri Infra Private Limited (KRIPL)
Asset : KNR Ramagiri Infra Private Limited (KRIPL) Andhra Residual Kms / 34.66 / State Authority NHAI Mode HAM 13.47 years* Pradesh Tenor Lane kms 207.96 Six Laning of Chittoor Thatchur section of NH-716B of 34.66 kms (Design Ch. Km 61.380 to Km. 96.040) PCOD Annuities recd. Dec 16, 2024 2 Bid Proje
Slide 18: Asset: ULCCS Kasaragod Expressway Private Limited (UKEPL)
Asset : ULCCS Kasaragod Expressway Private Limited (UKEPL) Residual Kms / 39.000 State Kerala Authority NHAI Mode HAM 14.16 years* Tenor Lane kms / 234.000 Six-Laning of Thalapady to Chengala section of NH-17 (New NH-66) from Ch. 17+200 to Ch. 56+200 PCOD Annuities recd. Aug 25, 2025 1 Bid Project E
Slide 19: Assets proposed to be acquired
Assets proposed to be acquired 18
Slide 20: Portfolio expansion continues
Portfolio expansion continues….. KNR Guruvayur Infra Private Limited: Six Laning of Valanchery to Kappirikkad section of NH-66 (old NH- 17) of 37.35 kms (Design Ch. Km 298+500 to Km. 335+850) State Operation Period PCOD Annuities recd. Balance Life* Kerala 15 years July 17, 2025 1 14.06 years KNR Ra
Slide 21: Asset Portfolio
ASSET PORTFOLIO Go to Index 20
Slide 22: Asset Portfolio
Asset Portfolio GR Phagwara Expressway Ltd. (5) State: Punjab Type/ Design length: 4 lane/ 80.82 kms Pavement Details – 11.26 kms Rigid & 69.56 kms Flexible GR Dwarka Devariya Highway Pvt. Ltd. (2) State: Gujarat Varanasi Sangam Expressway Pvt. Ltd. (6) Type/ Design length: 4 lane/ 71.89 kms Pavemen
Slide 23: Project details
Project details 101 annuities ~957.52 Km ~ 8.66 – 14.16 Years Residual 16 HAM Projects Concession period received Total Length (₹ Mn.) Annuities Residual Design End of Total Receivable No. of Appointed Concession Bid Project Project Length Location Authority State PCOD Concession Annuities (as on An
Slide 24: Project details
Project details 101 annuities ~957.52 Km ~ 8.66 – 14.16 Years Residual 16 HAM Projects Concession period received Total Length (₹ Mn.) Residual Annuities Design End of Bid Total No. of Appointed Concession Receivable Project Length Location Authority State PCOD Concession Project Annuities Annuities
Slide 25: Overview: Indus Infra Trust
OVERVIEW: INDUS INFRA TRUST Go to Index 24
Slide 26: Overview
Overview • Successfully Listed on 12th March 2024 at NSE & BSE Listing • First ever HAM focused Public Listed Infrastructure Investment Trust (InvIT) Investor • Institutional Investors subscription for the issue was 9.1x Response • Non-Institutional Investors subscription for the issue was 6.25x Sub
Slide 27: Ownership Structure
Ownership Structure Diversified Investor Base (as on June 30, 2026) Aadharshila Infratech G R Highways Investment G R Infraprojects Limited Private Limited Manager Private Limited (The Transferor) (Sponsor & Project Manager) (Investment Manager) 15.00% 1.16% 12.08% 7.32% 31.58% 15.00% 9.57% 31.58% 2
Slide 28: Key Milestones
Key Milestones June August March September November March December March June 2022 2022 2024 2024 2024 2025 2025 2026 2026 Setting up Receipt Listing of Acquisition Name Acquisition SPA Acquisition • Acquisition of of the of SEBI Units of GAKHPL, changed of GGBHPL, execution of GEKEPL, KPIPL, KRIPL
Slide 29: Our Strategy
Our Strategy Expanding portfolio of road Institute and Maintain Capital Active Asset Management assets Management Policies Asset management through the services of Proposed ROFO Agreement - InvIT will have Maximize distributions to Unitholders while the Project Manager and the Investment a right of
Slide 30: Competitive Strengths
Competitive Strengths ROFO with GRIL Right of first offer to acquire certain assets of GRIL Steady nature of income Hedge against Pre-determined annuity payments with Long term adverse interest zero traffic risk concession rate movements agreement NHAI HAM projects provide a natural Weighted average
Slide 31: Board of Directors and KMPs
BOARD OF DIRECTORS AND KMPs Go to Index 30
Slide 32: Board of Directors & KMPs
Board of Directors & KMPs Board of Directors Ajendra Kumar Agarwal Raghav Chandra Deepak Maheshwari Chairman & Non-executive Director Independent Director Independent Director • Managing director on the board of directors • 35+ years of experience in areas including public • 40+ years of experience
Slide 33: Abbreviations
Abbreviations Name Abbreviation Porbandar Dwarka Expressway Private Limited PDEPL GR Dwarka Devariya Highway Private Limited GDDHPL GR Akkalkot Solapur Highway Private Limited GASHPL GR Sangli Solapur Highway Private Limited GSSHPL GR Phagwara Expressway Private Limited GPEL Varanasi Sangam Expressw
Slide 34: Thank You
-4 INDUS INFRA TRUST THANK YOU 33