Vertis Infrastructure Trust

Q4 FY26Transport Infrastructure

Vertis Infrastructure Trust Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹117

Market cap₹17.1K Cr

P/E19.5

Updated23 Aug 2026

Read4 min read

What the Q4 FY26 call signalled

0 of 2 strong

RevenueSlow growth

MarginMargins steady

The short version

FY26 traffic growth was 9.9%, exceeding the projected 5.5%, indicating strong volume growth. Vertis Infrastructure Trust demonstrated strong operational and financial performance in FY26, growing AUM by 43%, with a portfolio of 28 assets covering ~8,400 lane km.

From Vertis Infrastructure Trust's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Slow growth

FY26 traffic growth was 9.9%, exceeding the projected 5.5%, indicating strong volume growth.
The 7-year CAGR traffic growth stands at 7.2%, reflecting consistent long-term volume expansion.
Total revenue for FY26 grew 13.1%, reaching INR 40 billion with an 88% EBITDA margin.
Portfolio expansion from 17 to 28 assets and AUM growth of 43% imply increased scale and revenue potential.
Regulatory amendments and operational initiatives (like MLFF adoption) position Vertis for improved throughput and efficiency.

2 more points management made on revenue & sales performance

Profitability & Margins

Vertis Infrastructure Trust demonstrated strong operational and financial performance in FY26, growing AUM by 43%, with a portfolio of 28 assets covering ~8,400 lane km.
Traffic growth exceeded projections at 9.9% for FY26 and a 7-year CAGR of 7.2%, supporting revenue growth.
Total operating revenue grew 13.1% in FY26 to INR 40 billion, with EBITDA margin at 88%.
Cost of debt reduced to 7.32%, improving financial discipline and lowering interest expenses.
Regulatory amendments from SEBI effective April ‘26 broaden investment opportunities and allow greater leverage usage for maintenance/refinancing, supporting sustainable growth.
Increased adoption of MLFF (multi-lane free flow) tolling systems enhances operational efficiency and throughput.

2 more points management made on profitability & margins

See what Vertis Infrastructure Trust said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

SEBI amendments effective April 2026 allow SPV contribution post-concession expiry, expanding surplus fund investment options and enabling Greenfield exposure up to 10% for private InvITs.
Leverage end-use beyond 49% is extended for major maintenance and refinancing, reflecting a maturing regulatory framework.
Major maintenance (MM) cycles are being re-phased by a few months in FY26 due to bitumen price inflation (INR 80,000/tonne vs. INR 48,000 in Q4).
Vertis demonstrated scale and financial discipline in FY26, doubling their portfolio and reducing the cost of debt to 7.3%.

2 more points management made on capital expenditure plans

Top-ranked in Transport Infrastructure

Ranked on what management guided this quarter

5x potential

1Guj Pipavav Port₹7.9K Cr

Rev 2Mar 3

2Anantam Highways₹2.3K Cr

Rev 2Mar 3

3₹338 Cr

Rev 3Mar 1

4₹4.1L Cr

Rev 3Mar 3

5₹84.4K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Vertis Infrastructure Trust has formally commenced the public listing process, indicating a likely equity fundraise in the near future.
No specific details or timelines on new debt fundraising were mentioned in the transcript.
The Trust’s outstanding debt stands at INR 115 billion with a long residual maturity of 11.6 years and a well-diversified liability framework, suggesting no immediate refinancing pressure.

2 more points management made on fundraising & capital structure

See what Vertis Infrastructure Trust said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for Vertis Infrastructure Trust. The focus is primarily on operational performance, acquisitions, financial metrics, regulatory updates, and project recognitions. Key highlights include: - Vertis doubled its portfolio in FY26, growing AUM by 43% to INR 27,000 crores through acquisition of 12 PNC assets (11 HAM, 1 toll). - The portfolio now comprises 28 assets across 9 states with a balanced 70:30 Toll to annuity mix.

2 more points management made on order book & pipeline

Vertis Infrastructure Trust — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1K Cr, net profit ₹230 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Vertis Infra.'s management said in earlier quarters

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Frequently Asked Questions

What were Vertis Infrastructure Trust Q4 FY26 results?

What is Vertis Infrastructure Trust share price analysis?

Vertis Infrastructure Trust currently shows a neutral. The stock trades at a P/E of 19.5 with a market cap of ₹17,063 Cr. Investors should review the full earnings analysis for detailed insights.

Is Vertis Infrastructure Trust planning capital expenditure?

SEBI amendments effective April 2026 allow SPV contribution post-concession expiry, expanding surplus fund investment options and enabling Greenfield exposure up to 10% for private InvITs. - Leverage end-use beyond 49% is extended for major maintenance and refinancing, reflecting a maturing regulatory framework. - Major maintenance (MM) cycles are being re-phased by a few months in FY26 due to bitumen price inflation (INR 80,000/tonne vs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.