Indus Infra Trust · NSE:INDUSINVIT
Indus Infra Trust — Q1 FY26 Earnings Presentation
26 slides from Indus Infra Trust's earnings presentation, Jul 30, 2025
Slide 1: Exchange filing cover letter for investor presentation
30th July 2025 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 Quarterly Financial Resu
Slide 2: Investor Presentation Q1 FY26
GR Highways Investment Manager Private Limited Investor Presentation Q1 FY26
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 10 Asset Portfolio 13 Overview of Indus Infra Trust 16 Board and its Committees 22 4
Slide 6: Financial Highlights
-4 INDUS INFRA TRUST FINANCIAL HIGHLIGHTS
Slide 7: Standalone Financial Highlights
Standalone Financial Highlights Rs. in Million QY ended Particulars 30.06.2025 31.03.2025 30.06.2024 Total Income 1,984.29 3,781.18 2,756.70 Total Expenses 640.44 2,199.88 53.67 EBITDA 1,343.85* 1,581.30* 2,703.03 Finance Cost 375.34 353.98 188.27 Profit before tax 968.51 1,227.32 2,514.76 Tax Expen
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights Rs. In Million QY ended Particulars 30.06.2025 31.03.2025 30.06.2024 Total Income 2,044.88 2,685.86 1,914.38 Total Expenses 370.60 782.11 473.05 EBITDA 1,674.28 1,903.75 1,441.33 Finance Cost 419.72 357.44 281.86 Profit before tax 1,254.56 1,546.31 1,159.47 Tax Expe
Slide 9: Distribution
-4 INDUS INFRA TRUST DISTRIBUTION
Slide 10: InvIT NDCF Calculation
InvIT NDCF Calculation Rs. In Million 2,918.01 (167.75) 2,215.86 (534.40) 17.20 (63.14) (69.30) 2.50 1,471.03 1,439.55 (557.10) (75.00) DPU: Rs. 3.25/- per unit - Interest: Rs. 2.78/- per unit, Dividend: Rs. 0.04/- per unit, Return of Capital Rs. 0.43/- per unit *cash flow from operations 9
Slide 11: Debt Profile and Unitholding Pattern
DEBT PROFILE AND UNITHOLDING PATTERN 10
Slide 12: Debt Profile
Debt Profile Credit Rating Debt Profile As on 30th June 2025 Rs. in Million AAA/Stable Particulars Standalone Consolidated External Debt 21,137.51 21,137.51 External debt in GR Galgalia Bahadurganj Highway Private Limited was refinanced during the Quarter ** AAA/Stable AAA/Stable 11
Slide 13: Unitholding Pattern
Unitholding Pattern Category wise distribution (%age) Top Five Public Unitholders Unitholding % 57.82 57.88 G R Infraprojects Limited 43.56% HDFC Mutual Fund 3.98% 27.18 27.11 Kotak Mutual Fund 3.87% 15.00 15.00 ICICI Mutual Fund 2.71% DSP Mutual Fund 2.60% Jun-25 Mar-25 Institutional Non Institutio
Slide 14: Asset Portfolio
-4 INDUS INFRA TRUST ASSET PORTFOLIO 13
Slide 15: Assets Portfolio
Assets Portfolio GR Phagwara Expressway Ltd. (5) State: Punjab Type/ Design length: 4 lane/ 80.82 kms GR Aligarh Kanpur Highway Pvt. Ltd. (8) Pavement Details – 11.26 kms Rigid & 69.56 kms Flexible State: Uttar Pradesh Type/ Design length: 4 lane/ 347.296 kms GR Dwarka Devariya Highway Pvt. Ltd. (2)
Slide 16: Project details
Project details 63 annuities ~617 Km ~9.66 – 13.78 Years 9 HAM Projects Residual received Total Length Concession period Annuities Residual Total Design End of Bid Project Receivable No. of Awarding Concession Annuities Project Length Location State Appointed Date Concession PCOD Cost (as on Annuiti
Slide 17: Overview: Indus Infra Trust
OVERVIEW: INDUS INFRA TRUST 16
Slide 18: 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 • D
Slide 19: Group Structure
Group Structure G R Highways Investment Manager G R Infraprojects Limited Aadharshila Infratech Private Limited Private Limited (The Transferor) (Sponsor & Project Manager) (Investment Manager) 15% 85% Public Unitholders IDBI Trusteeship (Investors) Services Limited (Trustee) Indus Infra Trust 100%
Slide 20: Key Milestones
Key Milestones June 2022 August 2022 March 2024 September 2024 November 2024 March 2025 Incorporation Receipt of SEBI Listing of Units Acquisition of Name changed Acquisition of of Bharat Registration GAKHPL, the to Indus Infra GGBHPL, Highways InvIT First ROFO Trust Second ROFO Asset from G R Asset
Slide 21: 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 22: Competitive Strengths
Competitive Strengths ROFO with GRIL right of first offer to acquire certain assets of Steady nature of GRIL income Pre-determined Hedge against annuity payments Long term adverse interest with zero traffic concession rate movements risk agreement NHAI HAM projects Weighted average provide a natural
Slide 23: Board of Directors and KMPs
BOARD OF DIRECTORS AND KMPs 22
Slide 24: 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 25: 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 Limited GPEL Varanasi Sangam Expressway Priva
Slide 26: Thank You
-4 INDUS INFRA TRUST THANKYOU 25