Cube Highways Trust FY27 Q1 DPU Announced – ₹3.95 Per Unit
Key Highlights
- Strong Q1 FY27: consolidated revenue from operations was ₹1,126.63 crore, up approximately 19% YoY from ₹944.28 crore. Total income increased to ₹1,156.85 crore, up approximately 19% YoY.
- Consolidated profit after tax stood at approximately ₹61.11 crore, compared with just ₹0.46 crore in Q1 FY26.
- Net Distributable Cash Flow (NDCF) at the Trust level increased to approximately ₹532.22 crore, compared with ₹339.14 crore in the corresponding period, an increase of around 57% YoY.
- Distribution declared: ₹3.95 per unit, totaling approximately ₹530.91 crore.
- Balance sheet: Debt-to-equity stood at 1.87x, Debt Service Coverage Ratio at 1.71x, Interest Service Coverage Ratio at 2.38x, and asset cover at 1.72x.
- Net Borrowing Ratio improved to 45.17%, compared with 49.62% in Q1 FY26.
Distribution Per Unit (DPU) Details
Distribution breakup per unit:
₹2.10 – Interest
₹1.08 – Dividend
₹0.76 – Return of Capital
₹0.01 – Treasury Income
Total = ₹3.95 per unit
Taxability of DPU
Interest: Generally taxable at the unitholder’s applicable tax rate.
Dividend: Refer to Cube Highways Distribution Advice via email.
Return of Capital & Treasury Income: Return of Capital is tax-deferred, while treasury income's taxability needs to be checked from Cube Highways' Distribution Advice via email.
Record Date
August 19, 2026.
Distribution will be paid on or before August 26, 2026.
Other Positives
- Cube continues to carry strong credit ratings, including CRISIL AAA/Stable, ICRA AAA/Stable and IND AAA/Stable on its borrowings.
- Cube Highways Trust was converted from a Private InvIT into a Public InvIT effective July 31, 2026, an important milestone for the Trust.
- Cube has also agreed, subject to the relevant terms and conditions, to acquire up to 100% equity in four additional highway assets – Baharampore-Farakka Highways, Devanahalli Tollway, Western MP Infrastructure & Toll Roads and Chenani Nashri Tunnelway.
- The Board also approved raising/availing financial assistance of up to ₹4,500 crore through bank facilities, financial institutions, NCDs and/or commercial papers.
FY27 Distribution Guidance
The NSE Q1 FY27 filing does not provide formal full-year FY27 DPU guidance.
Best wishes to all unitholders.