Author: Nishtha Mehrotra | EQMint
Synopsis:
- Cube Highways Trust reported a 10.27% year-on-year rise in H1 FY27 revenue from operations.
- The InvIT declared a distribution of ₹3.79 per unit, amounting to ₹509 crore.
- It raised its FY27 distribution guidance to ₹15.50 per unit, citing stronger traffic growth.
Cube Highways Trust, popularly known as Cube InvIT, reported revenue from operations of ₹22,008 million for the half year ended September 30, 2026, marking a 10.27% increase year-on-year. Consolidated income stood at ₹22,605 million, while EBITDA was ₹15,869 million.
The trust’s board approved a distribution of ₹3.79 per unit, totalling ₹509 crore. This comprises ₹1.76 as interest, ₹0.32 as dividend and ₹1.71 as return of capital. The record date is October 31, 2026, with payment scheduled on or before November 6.
Total distributions for H1 FY27 reached ₹1,040 crore, or ₹7.74 per unit.
Cube InvIT also raised its FY27 distribution guidance to ₹15.50 per unit from its earlier guidance of ₹14.50. The trust attributed the improved outlook to stronger traffic, with toll revenue growing 13.6% and traffic increasing 11.6% year-on-year during the quarter.
Its net debt stood at ₹161 billion, while assets under management reached ₹362 billion. The trust said completing committed asset acquisitions, maintaining prudent leverage and meeting distribution guidance remain key priorities for the second half of FY27.
Disclaimer: This article is for information purposes only and is not investment advice.
For more such information, visit EQMint
Join our WhatsApp channel for timely updates: Whatsapp.
