Cube Highways Trust reports total consolidated income of Rs 3,453 crore at 12% YoY jump

The Trust has declared an annual distribution of Rs 1,468 crore for FY25

by e4m Staff
Published: May 29, 2025 11:21 AM | 2 min read

Cube Highways Trust, managed by Cube Highways Fund Advisors, has announced its results for the quarter and the year ended March 31, 2025.

The Board of Directors of the Investment Manager has approved a Distribution Per Unit (DPU) of ₹ 3.75 for the quarter, payable to ordinary unitholders. The total distribution for the quarter amounts to ₹ 500 crore. This distribution comprises ₹ 1.96 per unit as interest, ₹ 0.32 per unit as dividend, ₹ 1.46 per unit as repayment of SPV loan and ₹ 0.01 per unit as treasury income.

Pankaj Vasani, Group CFO of Cube InvIT, stated: “Cube Highways Trust concluded its second financial year post-listing on a strong note, reporting a total consolidated income of ₹ 3,453 crore - a 12.3% YoY increase - and a consolidated EBITDA of ₹ 2,380 crore, reflecting a robust 21.7% YoY growth. The Trust declared an annual distribution of ₹ 1,468 crore for FY25. During the year, traffic volumes grew by 6.2% while the Asset Under Management (AUM) grew 25% to ₹ 32,266 crore as of March 31, 2025. The Net Debt to Enterprise Value ratio was maintained at 44.65%, offering ample headroom for future growth. As we enter the third year, we remain well-positioned to leverage our strong fundamentals and sustain the positive momentum."

The annual DPU of ₹ 11 declared for the FY25 comprises ₹ 5.71per unit as interest, ₹ 0.55 per unit as dividend, ₹ 4.71 per unit as repayment of SPV loan and ₹ 0.03 per unit as treasury income. The annual DPU for FY24 was ₹ 10.09.

Vinay Sekar, CEO of Cube InvIT, said, "Our performance in FY25 reflects the leadership position we enjoy amongst InvITs in India. Our diversified highway portfolio continues to deliver strong and predictable traffic growth and continues to receive accolades for its O&M quality. We have successfully executed our strategy of deploying our debt capacity by acquiring seven road assets and, in addition, have executed binding Share Purchase Agreements (SPAs) for two additional acquisitions. These acquisitions are accretive to unitholder yields and value and will simultaneously de-risk the portfolio."

The record date for the distribution is June 2, 2025, and the distribution payout will be made on or before June 9, 2025.