Cube Highways Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Cube Highways Trust announced Q3 FY26 results with revenue from operations rising about 27% year-on-year to Rs. 1,080.8 crore, while nine-month revenue grew to Rs. 3,076.7 crore. Net profit for the quarter was Rs. 41 crore and Rs. 81.7 crore for nine months, compared with Rs. 52 crore and Rs. 26 crore a year ago. The Board declared a distribution of Rs. 4.10 per unit for unitholders on record as of February 4, 2026, split into Rs. 2 interest, Rs. 0.77 dividend and Rs. 1.33 return of capital. The Board also approved raising up to Rs. 2,500 crore through bank facilities or private placement of NCDs/commercial papers, and proposed acquiring four highway assets including Chenani Nashri Tunnelway and Devanahalli Tollway, subject to unitholder approval. Additionally, existing sponsors have sought declassification and a new sponsor (Cube Highways and Infrastructure V Pte. Ltd.) has sought induction, alongside plans to convert the trust from a private listed to public listed InvIT via an offer for sale.
Unitholders receive a steady quarterly distribution while the trust pursues growth through acquisitions and additional borrowing of up to Rs. 2,500 crore, which could modestly pressure existing unit yields. The move to become a publicly listed InvIT and the proposed portfolio expansion are likely positive for long-term scale, but require unitholder approval via postal ballot.