Cube Highways Trust H1 FY27 Results
Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors Pvt. Ltd, announced its financial results for the quarter and the half‑year ended 30 September 2026. At the Board meeting on 28 October 2026, the Investment Manager approved a quarterly distribution of Rs 3.79 per unit, comprising Rs 1.76 per unit as interest, Rs 0.32 per unit as dividend and Rs 1.71 per unit as return of capital. The total distribution for the quarter amounted to Rs 509 crore, while the cumulative H1 FY27 distribution reached Rs 1,040 crore, giving a cumulative DPU of Rs 7.74.
Revenue from operations for the half‑year stood at Rs 22,008 million, reflecting a 10.27% year‑on‑year increase, and total consolidated income was Rs 22,605 million. Toll revenue grew 13.6% on a quarterly basis and traffic volumes rose 11.6% YoY across most corridors. EBITDA improved to Rs 15,869 million. The Trust’s net debt was Rs 161 billion, resulting in a Net Debt/Enterprise Value ratio of 44.42%, and total assets under management were Rs 362 billion.
During the half‑year, the WUPTPL and APEPL concessions reached their scheduled conclusion, a normal part of the portfolio lifecycle. The acquisition of the committed assets – CNTL, DTPL, BFHL and WMTPL – remains on track. The Board raised the full‑year FY27 DPU guidance to Rs 15.50 per unit, up from the earlier Rs 14.50 per unit, citing strong traffic performance. The Trust continues to hold AAA/Stable ratings from CRISIL Ratings, India Ratings and ICRA. The record date for the distribution is 31 October 2026 and the payout will be made on or before 6 November 2026.
Cube Highways Trust is an irrevocable trust registered with SEBI as an Infrastructure Investment Trust (SEBI Registration No: IN/InvIT/22-23/0022) and converted from a private to a publicly listed InvIT effective 31 July 2026. Its sponsor group includes institutional investors such as I Squared Capital (through ISQ Fund III Asia Infrastructure Holdings Pte. Ltd), Platinum Rock (trustee of the Platinum Stone A 2014 Trust, a wholly‑owned subsidiary of the Abu Dhabi Investment Authority), Varese IRR LP (BCI) and Mubadala Investment Company PJSC (through Seventy Second Investment Company LLC). Further details are available on the Trust’s website and on the BSE and NSE portals.