Cube Highways Trust announced robust Q1 FY26 financial results, showing 10.3% YoY increase in toll revenue and 6.3% rise in traffic volume. The trust's AUM grew 27% YoY to INR 365.43 billion, with portfolio expansion from 24 to 27 SPVs. Distribution per unit was INR 2.50. The trust maintained a 49.62% net debt to AUM ratio and a 1.80x debt service coverage ratio. Its portfolio now covers 2,021 km across 13 states/UTs, with a 19.4-year average residual concession period. Electronic toll collection efficiency reached 96.5%, and average daily collection increased to INR 90.50 million. Recent acquisitions include two annuity assets and NAM Expressway Limited.
23Jul 25
Cube Highways Trust Sets Board Meeting for Q2 2025 Results and Distribution Decision
Cube Highways Trust's investment manager will hold a board meeting on July 30, 2025, to review Q2 2025 financial statements and consider potential distributions to unitholders. The meeting will examine unaudited standalone and consolidated financial statements for the quarter ended June 30, 2025. If approved, the distribution record date is set for August 4, 2025. The meeting complies with SEBI regulations for Infrastructure Investment Trusts and Listing Obligations.
21Feb 25
Cube Highways Trust Secures ₹600 Crore Through Bond Issuance
Cube Highways Trust (Cube InvIT) has successfully raised ₹600 crore through Non-Convertible Debentures (NCDs). The issuance comprises 60,000 NCDs with a face value of ₹1 lakh each, having a tenor of 19 years and 1 month. Rated AAA by CRISIL and India Ratings, the bonds will be listed on the BSE's wholesale debt market segment. The funds will be used to refinance debt of a recently acquired Special Purpose Vehicle. This follows a recent ₹860 crore Sustainability-Linked Bond issuance, demonstrating Cube InvIT's active capital management approach.