Raajmarg Infra Investment Trust544734Quarterly results
Board approves Q2 results, Rs. 2.43 per unit distribution; NAV at Rs. 110.12 per unit
Board approved unaudited results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
- Distribution per unit
- Rs. 2.43 per unit
- Record date
- November 09, 2026
- NAV per unit
- Rs. 110.12
Quarterly distribution
- The Board approved a distribution of Rs. 2.43 per unit to unitholders for the quarter ended September 30, 2026. Of this, Rs. 2.42 is interest and Rs. 0.01 other income.
- The record date is November 09, 2026. Unitholders on the register on that date are eligible, and payment is to be made within five Working Days from the record date.
- In simple terms, this is the cash payout the trust has announced for the quarter; the split shows almost all of it comes from interest receipts.
Valuation and NAV
- The independent valuer, M/s RBSA Valuation Advisors LLP, gives an enterprise valuation of Rs. 10,040.5 Crore as at September 30, 2026.
- NAV comes to Rs. 110.12 per unit, worked out as total assets of Rs. 10,329.54 crore less total liabilities of Rs. 3,722.21 crore, giving net assets of Rs. 6,607.33 crore.
- NAV is the per-unit value of the trust's net assets based on the valuation report. It is a valuation figure, not a market price.
Results for the quarter and half year
- Revenue from operations was 26,977.40 lakh for the quarter ended September 30, 2026, against 26,684.17 lakh in the quarter ended June 30, 2026.
- Profit before tax was 20,385.94 lakh for the quarter and profit for the period 20,318.32 lakh.
- For the half year, revenue from operations was 53,661.57 lakh and profit for the period 40,425.14 lakh.
- Earnings per unit (par value Rs.100/- each) were 3.39 basic and diluted for the quarter, and 6.74 for the half year.
- Finance costs of 6,359.99 lakh were the largest expense line for the quarter, alongside investment management fee of 324.50 lakh.
- The statutory auditors issued a limited review report on the unaudited standalone interim financial information, stating that nothing came to their attention suggesting the statement contains a material misstatement.
Cash flows and distributable cash
- Net Distributable Cash Flow at Trust level before any surplus adjustments was 27,545.82 lakh for the half year, and 28,983.52 lakh after surplus adjustments.
- After retaining 3.52 lakh towards operational expenses and after NDCF already distributed to unitholders of 14,400.00 lakh, the balance distributable cash flows with the InvIT stood at 14,580.00 lakh.
- Cash flows from operating activities were negative (1,592.10) lakh. Interest on loans given to subsidiaries of 53,661.57 lakh is adjusted in that section, while interest actually received on those loans, 28,438.62 lakh, appears under investing activities.
- The NDCF note states it includes cash flows of Rs. 14,505.00 Lakhs received from RIPPL after the period ended 30th September 2026 but before the date of the Board meeting on November 04, 2026.
Other points from the update
- On utilisation of funds raised, the trust reported no deviation or variation for the quarter and submitted a Nil report.
- The trading window for dealing in units remains closed and will stay closed till 48 hours after the results are disseminated to the stock exchanges.
How a unitholder can read this
- The distribution amount, the record date and the NAV are the three figures that directly matter for a holder this quarter.
- The NAV is backed by an independent valuation report as at September 30, 2026, while the distribution is backed by cash flow actually received from the operating SPV.
- The results show profit and revenue broadly steady between the two quarters of the half year.
Also from Raajmarg Infra Investment Trust
Half-year valuation: enterprise value Rs. 10,040.5 Crore, NAV Rs. 110.12 per unit
4 Nov 2026
Half-yearly valuation: enterprise value Rs. 10,040.5 Crore, NAV Rs. 110.12 per unit
4 Nov 2026
Statement of Deviation / Variation shared for the September 2026 quarter, with auditor certificate on public issue proceeds
4 Nov 2026
More numbers
- Enterprise valuation by independent valuerRs. 10,040.5 Crore
- Net Asset Value per unitRs. 110.12 per unit
- Net assets (total assets minus total liabilities)6,607.33 (Rs. In Crores)
- Distribution per unit for the quarterRs. 2.43 per unit
- Revenue from operations, quarter ended September 30, 202626,977.40 lakh
- Profit for the half year ended September 30, 202640,425.14 lakh
- Net Distributable Cash Flow at Trust level28,983.52 lakh
- Balance distributable cash flows with InvIT14,580.00 lakh
Source: BSE · 4 Nov 2026
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