Capital Infra Trust FY26 AUM jumps 42% to ₹66,114 Mn

Results snapshot: growth in AUM and steady payouts

Capital Infra Trust announced its financial results for the quarter and financial year ended March 31, 2026. The headline number was a 42% year-on-year increase in Assets Under Management (AUM) to ₹66,114 Mn. The Trust also reported a net asset value (NAV) of ₹74.72 per unit for FY26. Distributions remained central to the update, with FY26 distribution per unit (DPU) declared at ₹11.60. For Q4 FY26, the Trust declared a DPU of ₹2.40.

Q4 FY26 distribution: ₹2.40 per unit

For the March quarter, Capital Infra Trust declared a distribution per unit of ₹2.40. The gross distribution for Q4 FY26 was ₹1,179.7 Mn. This quarterly payout sits within the broader FY26 distribution figure disclosed by the Trust. The Trust’s disclosure also included record-date related information for distributions during the year. Investors typically track record dates and ex-dates closely because they determine eligibility for payouts.

FY26 distribution: ₹11.60 per unit and ₹4,360 Mn gross

For the full year FY26, Capital Infra Trust reported a distribution per unit of ₹11.60. The gross distribution for FY26 was ₹4,360 Mn. The Trust stated it achieved a cash yield of 13.1% for FY26. While the dataset includes other distribution-related disclosures, the FY26 numbers provide the cleanest annual picture of what was distributed for the year ended March 31, 2026. The Trust’s reported distributions are presented in both per-unit and aggregate terms.

Refinancing impact: effective interest rate reduced to 7.3%

Alongside the distribution update, Capital Infra Trust reported a reduction in its effective interest rate to 7.3%. It attributed the lower effective cost to refinancing. For yield-focused vehicles such as InvITs, financing costs matter because they affect cash available for distributions. The Trust’s disclosure positions the refinancing outcome as part of its FY26 financial management actions. The stated 7.3% effective interest rate is a key operational and financial metric for investors tracking sustainability of payouts.

NAV and net assets: ₹74.72 per unit and ₹36,729.59 Mn

Capital Infra Trust disclosed a NAV of ₹74.72 per unit for FY26. It also reported net assets of ₹36,729.59 Mn. NAV is closely watched in InvITs because it provides a reference point against traded prices and the underlying asset base. The combination of AUM growth and a published NAV helps investors benchmark how the platform is scaling and what the reported net asset base is at year-end.

Key reported numbers at a glance

Record date and recent corporate action disclosures

Capital Infra Trust informed the exchange that the record date for the purpose of distribution for the 3 FY 2025-26 is 19/11/2025. The dataset also lists corporate actions with ex-dates, including: a distribution of Re 1 per unit (return of capital) with ex-date 11-Aug-2025, and a distribution of ₹2.61 per unit with ex-date 03-Jun-2025. Another entry shows a distribution of ₹12.71 per unit with an ex-date of 04-Mar-2025, with components described as taxable and exempt dividend. These entries reflect how InvIT distributions may be split between interest, dividend, and capital repayment components as disclosed.

IPO and listing context: issue size, pricing, and subscription

Capital Infra Trust InvIT IPO listing data included BSE as the listing exchange, an issue price of ₹100.00, and a listing price of ₹99.00, implying a listing change of -₹1.00 (1.00%). The IPO bidding dates were 7 Jan ’25 to 9 Jan ’25, with a lot size of 150 and a price range of ₹99 to ₹100. The minimum investment shown is ₹14,850 for 150 shares. The issue size is listed as 1,578 Cr, which is ₹15,780 Mn. Subscription data as of 09 Jan'25, 05:00 PM showed QIB at 0.58x, non-institutional investor at 4.24x, retail individual investor at 0.00x, and total at 2.23x.

Business profile and portfolio positioning

The dataset notes that Capital Infra Trust was formerly known as National Infrastructure Trust. It is described as an infrastructure investment trust sponsored by Gawar Construction Limited (GCL). It is also described as an InvIT making strategic investments in infrastructure projects mainly national highways (NHAI) through acquisition from sponsors and third parties. Separately, the dataset includes a portfolio cash flow datapoint that, as of September 30, 2024, cumulative annuity payments received amounted to ₹5,544.6 Mn.

Earlier disclosures: FY25 income, NDCF, and guidance

In a separate FY25 disclosure included in the dataset, the Trust reported total income of ₹1,706.6 Mn and EBITDA of ₹89.0 Mn for FY25. It also reported NDCF of ₹6,758.5 Mn for FY25. That release also stated that ₹23,630 Mn was raised through NCDs in that year. The same FY25 communication included guidance for a distribution of ₹14.6 per unit in FY26, and mentioned a target of ₹110,000 Mn AUM by FY27E.

Market datapoints provided with the update

The dataset includes market-related datapoints including a market cap of ₹21,150 Mn and current price entries of ₹77.0 and ₹78.7, along with a 52-week high/low of ₹110 / ₹74.3. It also lists book value of ₹82.2, dividend yield entries around 4.58% to 4.77%, ROCE of 16.8%, ROE of 32.5%, and face value of ₹99.0. These figures were presented as part of the broader information set and provide context on how the units are being tracked by market participants.

Why the FY26 numbers matter for unitholders

The FY26 disclosure brings together three core items that unitholders typically focus on - AUM growth, distribution, and financing costs. AUM at ₹66,114 Mn reflects scale-up versus the previous year’s base. The FY26 DPU of ₹11.60 and cash yield of 13.1% provide the year’s payout picture as disclosed. The reduced effective interest rate of 7.3% signals the reported benefit of refinancing actions.

Conclusion

Capital Infra Trust’s FY26 update showed a 42% YoY rise in AUM to ₹66,114 Mn, NAV of ₹74.72 per unit, and FY26 distributions of ₹11.60 per unit. The Trust also reported a 13.1% cash yield for FY26 and an effective interest rate of 7.3% after refinancing. Separately, exchange disclosures around record dates and ex-dates outline the administrative schedule through which distributions are implemented. Investors will also track future disclosures against earlier stated targets and guidance referenced in prior communications.