National Highways Infra Trust has informed the Exchange regarding Record date for purpose of distribution for the 1 FY 2024-25 is 02/06/2025
Awaiting price reaction for this filing.
The Board of Directors of the Investment Manager of National Highways Infra Trust (NHIT) met on 28th May 2025 and approved several key items. For FY25, total income rose to Rs. 3,05,953.98 lakhs (up from Rs. 1,24,735.45 lakhs in FY24), with profit after tax of Rs. 1,85,491.35 lakhs (up from Rs. 96,819.27 lakhs), translating to earnings per unit of Rs. 13.99 versus Rs. 12.85 last year. A distribution of Rs. 0.395 per unit was declared for March 2025 (Rs. 0.392 as interest pass-through and Rs. 0.003 as other income), with the record date fixed as 2nd June 2025. Independent valuer Ernst & Young placed the enterprise value of NHIT's assets at Rs. 47,130.10 crores, with NAV at Rs. 133.88 per unit post-distribution. The Board also approved raising additional debt through privately placed NCDs, re-appointed A.R. & Co. as statutory auditor for FY26 to FY30, and noted an impairment loss of Rs. 17,930 lakhs booked against its subsidiary NHIT Eastern Projects Private Limited (NEPPL).
Strong FY25 earnings growth and consistent monthly/quarterly distributions are positive for unitholders, supporting income returns. The Rs. 17,930 lakh impairment in the NEPPL subsidiary is a negative one-time hit but appears already accounted for, while new NCD issuance could fund further road asset acquisitions.