National Highways Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
National Highways Infra Trust (NHIT), an NHAI-sponsored InvIT, shared its Q2 FY2026 investor presentation. Total revenue from operations jumped to INR 1,002 crore from INR 567 crore YoY, driven by the addition of Round 4 assets (appointed 1 April 2025) which contributed INR 388 crore. EBITDA rose to INR 812 crore (vs INR 469 crore), but finance charges nearly doubled to INR 454 crore as debt increased to INR 21,901 crore from INR 12,185 crore. Distribution per unit grew to INR 2.47 (vs INR 1.83), and the trust declared a distribution of INR 478 crore for September 2025. DSCR eased to 2.16x from 2.31x, and debt-to-total-assets rose to 0.48x. NHAI offered Bundle 5 for monetization in June 2025, signalling further growth pipeline. NHIT also noted NHAI's new annual pass scheme for private cars (from 15 August 2025) comes with a compensation mechanism to offset revenue loss.
Strong topline and distribution growth is positive for unitholders, but rising leverage and higher finance costs are pressuring coverage ratios. Investors should weigh the long-term accretion from Round 4 and potential Bundle 5 monetization against near-term margin pressure and increased debt servicing.