Vertis Infrastructure Trust (VERTIS) Q4 24/25 earnings summary

Executive summary

• Consolidated revenue reached INR 21,271.50 million for FY25 with an EBITDA margin of 85%.

• Portfolio PCU growth was 6.1% year-over-year, matching the 6-year CAGR trend.

• Three new assets—BETPL, NTEPL, and RBPL—were added, increasing AUM by 76% year-over-year to INR 190 billion as of March 31, 2025.

• The portfolio now includes 17 assets across 9 states, with a signed pipeline of 12 more assets expected to push AUM above INR 250 billion.

• Audited standalone and consolidated financial results for FY25 were approved, with unmodified audit opinions from statutory auditors.

Financial highlights

• Standalone revenue from operations was ₹9,697.20 million; consolidated revenue was ₹21,271.50 million for FY25.

• Standalone net profit was ₹8,981.54 million; consolidated net profit was ₹4,681.11 million for FY25.

• Maintained healthy distribution of INR 12.3292/unit for FY25, totaling INR 45.1/unit since listing in August 2022.

• Outperformed toll revenue estimates for FY25 by 1.1%.

• Net distributable cash flow for FY25 was INR 13,063 million.

Outlook and guidance

• With the acquisition pipeline, AUM is expected to exceed INR 250 billion, positioning the trust as a leading diversified road asset platform.

• Additional fund-based credit facilities of up to ₹85,500 million have been approved for future growth and refinancing.

• Anticipates continued traffic growth driven by urban expansion, e-commerce, and industrial activity along key corridors.