Interise Trust reported a turnaround to profitability in FY26 with ₹42.16 crore PAT. This shift was driven by cost optimization and steady revenue from its road assets, alongside improved EBITDA.
Interise Trust Posts ₹42.16 Crore Profit in FY26
Consolidated PAT: ₹42.16 Crore (₹421.6 Mn)Consolidated EBITDA: ₹2,588.56 Crore (₹25,885.6 Mn) Reader Takeaway: Profitable turnaround driven by cost control, but concession expiry poses future uncertainty. ## What just happened Interise Trust has reported a significant financial turnaround for the fiscal year 2025-26, moving from a net loss of ₹71.38 crore in the previous year to a consolidated profit after tax (PAT) of ₹42.16 crore. This improvement was achieved on consolidated revenues of ₹3,651.74 crore, a slight increase from ₹3,638.72 crore in FY25. The Trust's consolidated EBITDA also saw an increase to ₹2,588.56 crore from ₹2,478.38 crore. ## Why this matters The shift to profitability is a key positive development for Interise Trust, indicating successful implementation of cost optimization strategies and stable revenue generation. The growth in EBITDA suggests improved operational efficiency, which is crucial for an Infrastructure Investment Trust (InvIT) dependent on stable cash flows from its assets. ## The backstory Interise Trust manages a portfolio of 17 Build-Operate-Transfer (BOT) and annuity projects spanning 7,300 lane kilometers across 8 states. Daily traffic volume exceeds 500,000 passenger car units (PCUs). The Trust has been investing in digital transformation, including AI-driven operations and digital tolling systems, to enhance its operational resilience and cost management. ## What changes now With the return to profitability, the Trust is in a stronger financial position. The focus on digital initiatives is expected to further streamline operations and potentially improve margins. Investors will be looking for sustained profitability and growth in the coming financial years. ## Risks to watch Two key points investors should monitor are geopolitical risks, which can affect global interest rates and borrowing costs, impacting the Trust's cost of capital. Additionally, the expiry of concession periods for projects like MBHPL and IHPL introduces uncertainty regarding future cash flows and potential exit strategies for these assets. ## Context metrics (time-bound) For FY26, consolidated revenue stood at ₹3,651.74 crore, compared to ₹3,638.72 crore in FY25. Consolidated EBITDA rose to ₹2,588.56 crore from ₹2,478.38 crore. Assets Under Management (AUM) reached ₹21,817.9 crore. ## What to track next Investors should track the Trust's ability to maintain profitability, manage the upcoming concession expirations effectively, and navigate potential impacts of global economic conditions on its borrowing costs.