NewsEarningsNHIT Reports Robust Q2 FY2026 Performance with 77% Revenue Surge and Rs 2.47 Per Unit DistributionNHIT Reports Robust Q2 FY2026 Performance with 77% Revenue Surge and Rs 2.47 Per Unit Distribution
National Highways Infra Trust (NHIT) announced strong Q2 FY2026 results with revenue from operations increasing 77% year-over-year to Rs 1,002.00 crores. The trust distributed Rs 478.00 crores to unitholders, equating to Rs 2.47 per unit. NHIT maintains a portfolio of highway assets spanning 2,345 km across 11 Indian states and reported a healthy debt service coverage ratio of 2.16x. The trust has consistently increased distributions since inception, reaching Rs 26.89 per unit across 17 distributions. NHIT also highlighted progress in ESG initiatives, including energy consumption reduction, water conservation, afforestation efforts, and workforce diversity.
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National Highways Infra Trust (NHIT) has announced strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth and maintaining a solid financial position in its extensive highway portfolio.
Financial Highlights
NHIT reported impressive financial performance for Q2 FY2026:
| Metric | Q2 FY2026 | Q2 FY2025 | YoY Change |
|---|---|---|---|
| Revenue from Operations | Rs 1,002.00 crores | Rs 567.00 crores | +77% |
| Distribution to Unitholders | Rs 478.00 crores | - | - |
| Distribution per Unit | Rs 2.47 | - | - |
| Debt Service Coverage Ratio | 2.16x | - | - |
The trust's total revenue from operations saw a substantial increase of 77% year-over-year, rising to Rs 1,002.00 crores from Rs 567.00 crores in the same quarter of the previous fiscal year. This growth underscores the trust's expanding operations and effective management of its highway assets.
Distribution to Unitholders
In line with its commitment to providing regular income to investors, NHIT distributed Rs 478.00 crores to unitholders for the quarter. This translates to a per-unit distribution of Rs 2.47, reflecting the trust's strong cash flow generation from its toll road operations.
Portfolio and Financial Stability
NHIT maintains a diverse portfolio of highway assets spanning 2,345 km across 11 Indian states. The trust's financial stability is evident in its robust debt service coverage ratio of 2.16x, indicating a healthy ability to meet its debt obligations.
Consistent Performance
The Q2 FY2026 results are part of a pattern of consistent performance by NHIT. According to the investor presentation, the trust has distributed a total of Rs 26.89 per unit across 17 distributions since its inception. The distribution history shows a steady increase over the years:
| Fiscal Year | Distribution per Unit |
|---|---|
| FY 2022 | Rs 0.79 |
| FY 2023 | Rs 6.37 |
| FY 2024 | Rs 6.61 |
| FY 2025 | Rs 7.67 |
| Q1 FY 2026 | Rs 2.98 |
| Q2 FY 2026 | Rs 2.47 |
Environmental, Social, and Governance (ESG) Initiatives
NHIT has also made strides in its ESG efforts during Q2 FY2026:
- Energy Consumption: The trust consumed 2,173 MWh of total energy, including 27 MWh of captive renewable energy, resulting in a 19 t CO2 eq reduction in emissions.
- Water Conservation: 0.019 million cubic meters of water were consumed, with electro-flow meters installed on operational borewells across projects.
- Afforestation: A total of 53,667 saplings were planted, including 8,799 along avenues, 44,411 on medians, and 457 at toll plaza premises.
- Diversity and Inclusion: Women represent 7% of the total workforce in Investment Managers and Special Purpose Vehicles (SPVs), with 142 female toll collectors deployed across project sites.
These results demonstrate NHIT's commitment to sustainable growth and responsible infrastructure management. The trust's performance in Q2 FY2026 reflects its ability to generate value for unitholders while maintaining a focus on operational excellence and environmental responsibility.
