Cube Highways Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Cube Highways Trust shared its Q3 FY26 earnings transcript, reporting 9-month revenue from operations of ₹3,077 crore (up 25% YoY) and EBITDA of ₹2,306 crore (up 27.64% YoY). The portfolio spans 27 road assets with 8,819 lane km, AAA-rated by CRISIL, ICRA, and India Ratings, and Net Debt/EV at 46.86%. Q3 distribution was ₹4.10 per unit, taking YTD distribution to ₹10.20 per unit. The Board approved the proposed conversion from a private to public InvIT, a sponsor change to CH-V, and acquisition of four road assets worth over ₹7,200 crore enterprise value, expected to be completed in FY27 and deliver ~₹3 per unit value accretion to existing unitholders. Postal ballot voting ends February 19-20, 2026.
Strong operational performance with 9.4% traffic growth and 12.1% toll revenue growth supports continued distribution growth. The public InvIT conversion and large asset acquisition could improve liquidity and long-term value, though unitholder approval is still pending.