Cube Highways Trust
146.00
+1.00(+0.69%)
Market Cap₹19,623.42 Cr
PE Ratio966.67
IndustryTransport
Company Performance:
1D+0.69%
1M+3.55%
6M+7.95%
1Y+21.16%
5Y+46.00%
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More news about Cube Highways Trust
28Feb 26
Cube Highways Trust Appoints New Project Manager Following Board Approval
Cube Highways Trust has announced the appointment of a new Project Manager following board approval on February 27, 2026. The Trust will replace existing Project Manager Cube Highways and Transportation Assets Pvt. Ltd. with newly incorporated subsidiary Cube Highways Asset & Project Advisory Private Limited. The change is subject to regulatory approvals including NHAI consent and will take effect upon execution of the new project implementation and management agreement.
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11Feb 26
CRISIL Reaffirms AAA Rating on Cube Highways Trust's Rs 13,850 Crore Facilities
CRISIL Ratings reaffirmed AAA/Stable ratings on Cube Highways Trust's Rs 13,850 crore bank facilities and debt instruments, including Rs 1,000 crore and Rs 600 crore non-convertible debentures. The rating agency also reaffirmed A1+ rating on Rs 1,350 crore commercial paper programme. The AAA rating confirms highest degree of safety for timely servicing of financial obligations with lowest credit risk.
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09Feb 26
Cube Highways Trust Reports Strong Q3FY26 Performance with 12.1% Revenue Growth and Strategic Acquisitions
Cube Highways Trust reported strong Q3FY26 results with 25% YoY revenue growth to ₹3,077 crore and 12.1% toll revenue growth driven by 9.4% traffic increase. The trust declared ₹4.10 per unit quarterly distribution, bringing YTD distributions to ₹10.20. EBITDA for nine months rose 27.64% to ₹2,306 crore. The Board approved acquisition of four assets worth over ₹7,200 crore enterprise value and conversion to public InvIT status. The trust maintains AAA ratings and 46.86% net debt to AUM ratio.
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23Jan 26
Cube Highways Trust Board Meeting Scheduled for January 30, 2026 to Consider Q3FY26 Results and Distributions
Cube Highways Fund Advisors Private Limited has scheduled board and audit committee meetings for January 30, 2026 to review Q3FY26 financial results for Cube Highways Trust. The meetings will consider unaudited financial information for the quarter and nine months ended December 31, 2025, potential distributions to unitholders, and financial assistance options including bank facilities and debt securities issuance on private placement basis.
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30Dec 25
Cube Highways Trust Completes Quarterly Interest and Partial Redemption Payments on NCDs
Cube Highways Trust completed quarterly interest payments totaling ₹637.07 crores across six NCD series and executed a partial redemption of ₹21.50 crores on December 30, 2025. All payments were made ahead of the December 31, 2025 due date, with no delays reported. The trust maintains an outstanding amount of ₹851.40 crores for the partially redeemed NCD series.
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07Nov 25
Cube Highways Trust Explores Conversion to Public InvIT, Evaluates Asset Acquisitions
Cube Highways Trust, a privately placed Infrastructure Investment Trust (InvIT), is evaluating strategic options including conversion to a publicly placed InvIT. The Trust is considering an offer for sale of existing units, asset acquisitions, and fundraising opportunities. The board has approved the evaluation process, which will require further approvals from directors and unitholders. The Trust plans to engage with investors and advisors, and approach current unitholders regarding potential participation in the offer for sale.
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25Sept 25
Cube Highways Trust Sponsor Creates Encumbrance on 5.81% of Outstanding Units
Cube Highways and Infrastructure III Pte. Ltd., a sponsor of Cube Highways Trust, has created an indirect encumbrance on 78,044,436 units, representing 5.81% of total outstanding units and 27.91% of the sponsor's holding. The encumbrance, in favor of Sumitomo Mitsui Banking Corporation Singapore Branch, is related to a secured syndicated loan facility for a strategic acquisition by Cube Highways and Infrastructure II Pte Ltd (CH II). CH II plans to acquire Chenani-Nashri Tunnelway Limited (CNTL) in India. The encumbrance allows lenders to sell the units in case of enforcement.
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06Aug 25
Cube Highways Trust Reports Robust Q1 FY26 Performance with 10.3% Revenue Growth
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.
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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.
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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.
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Cube Highways Trust
146.00
+1.00
(+0.69%)
1 Year Returns:+21.16%
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