News Earnings Anantam Highways Trust Releases Q3FY26 Earnings Call Transcript with Financial HighlightsAnantam Highways Trust Releases Q3FY26 Earnings Call Transcript with Financial Highlights
Anantam Highways Trust published the complete transcript of its Q3FY26 earnings conference call, revealing robust financial metrics including ₹123.80 crores consolidated revenue and ₹105.60 crores EBITDA. The Trust announced its maiden distribution of ₹2.50 per unit and outlined strategic growth plans targeting ₹25,000 crores in assets under management by 2029, supported by a portfolio of seven HAM assets with over 13 years average residual life.
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Anantam Highways Trust has released the complete transcript of its earnings conference call for the quarter ended December 31, 2025, held on February 13, 2026. The comprehensive document provides detailed insights into the Trust's financial performance and strategic direction during its first quarter as a publicly listed InvIT.
Conference Call Overview
The earnings conference call was conducted by key management personnel including Jignesh Shah, Whole-Time Director & Chief Executive Officer, and Nilesh Shukla, Chief Financial Officer of Alpha Alternatives Fund-Infra Advisors Private Limited, acting as Investment Manager to the Trust.
| Parameter: | Details |
|---|---|
| Date: | February 13, 2026 |
| Time: | 11:30 A.M. (IST) |
| Quarter Covered: | Ended December 31, 2025 |
| Transcript Release: | February 17, 2026 |
| Platform: | Chorus Call |
Financial Performance Highlights
The Trust delivered strong operating performance following the acquisition of SPVs on October 10, 2025. Key financial metrics for the quarter include:
| Metric: | Consolidated | Standalone Trust |
|---|---|---|
| Total Revenue: | ₹123.80 crores | ₹84.00 crores |
| Total Expenses: | ₹18.20 crores | ₹2.50 crores |
| EBITDA: | ₹105.60 crores | ₹81.60 crores |
| Finance Cost: | ₹51.00 crores | ₹36.50 crores |
| Profit Before Tax: | ₹54.60 crores | ₹45.10 crores |
Distribution and Capital Structure
The Trust announced its first quarterly distribution of ₹2.50 per unit, representing a total distribution of ₹54.40 crores. The NDCF at SPV level was approximately ₹248.50 crores, indicating strong cash generation capabilities.
| Financial Indicator: | Value |
|---|---|
| Distribution Per Unit: | ₹2.50 |
| Total Distribution: | ₹54.40 crores |
| Debt-to-EV Ratio: | 42.11% |
| Credit Rating: | AAA Stable |
| Average Cost of Borrowing: | 7.50% |
Strategic Vision and Growth Plans
Management outlined ambitious growth targets, aiming to scale assets under management to approximately ₹25,000 crores by 2029, representing a near 5x growth over three years. The Trust currently operates seven high-quality Hybrid Annuity Model (HAM) assets with an average residual concession life of over 13 years.
Management Commentary
CEO Jignesh Shah emphasized the Trust's differentiated business model, combining Alpha Alternatives' investment management expertise with Dilip Buildcon's operational capabilities. He highlighted four core pillars: scalable AUM growth, transparency and institutional governance, consistency in distributions, and optimal capital structure management.
CFO Nilesh Shukla noted that the quarter marked the first period of meaningful consolidation, providing clear visibility of cash flows across the platform. The management expressed confidence in maintaining AAA credit rating while pursuing accretive acquisitions.
Regulatory Compliance
The transcript release was communicated to both NSE and BSE under Regulation 30, demonstrating the Trust's commitment to regulatory compliance and transparent disclosure. The document was digitally signed by Chandra Kant Sharma, Company Secretary & Compliance Officer, on February 17, 2026.
Historical Stock Returns for Anantam Highways Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.01% | -0.01% | +0.01% | -2.27% | -2.27% | -2.27% |
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