+
Cube Highways Trust Reports Rs 34.53 Bn Total Income in FY25
ECONOMY & POLICY

Cube Highways Trust Reports Rs 34.53 Bn Total Income in FY25

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, concluded its second financial year post-listing on a strong note by reporting a total consolidated income of Rs 34.53 billion for the financial year 2025, marking a 12.3 percent year-on-year (YoY) increase.

According to the official media release, Cube InvIT posted a consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,380 crore, reflecting a 21.7 percent YoY growth. During the year, traffic volumes increased by 6.2 percent, while the Asset Under Management (AUM) grew 25 percent to reach Rs 322.66 billion as of 31 March 2025.

Vinay Sekar, Chief Executive Officer (CEO) of Cube InvIT, remarked that the company's performance in FY25 demonstrated the leadership position it holds among InvITs in India. He highlighted that their diversified highway portfolio continued to deliver strong and predictable traffic growth and consistently received recognition for its operations and maintenance quality.

The Board of Directors of the investment manager approved a Distribution Per Unit (DPU) of Rs 3.75 for the quarter, payable to ordinary unitholders. The total distribution for the quarter amounted to Rs 5 billion, which included Rs 1.96 per unit as interest, Rs 0.32 per unit as dividend, Rs 1.46 per unit as repayment of SPV loan, and Rs 0.01 per unit as treasury income.

Pankaj Vasani, Group Chief Financial Officer (CFO) of Cube InvIT, stated that the Trust declared an annual distribution of Rs 14.68 billion for FY25. He noted that the net debt to enterprise value ratio was maintained at 44.65 percent, providing ample headroom for future growth. Vasani added that as the Trust entered its third year, it remained well-positioned to leverage its strong fundamentals and sustain positive momentum.

The annual DPU declared for FY25 stood at Rs 11 per unit, comprising Rs 5.71 per unit as interest, Rs 0.55 per unit as dividend, Rs 4.71 per unit as repayment of SPV loan, and Rs 0.03 per unit as treasury income. This was an increase from the annual DPU of Rs 10.09 declared for FY24.

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, concluded its second financial year post-listing on a strong note by reporting a total consolidated income of Rs 34.53 billion for the financial year 2025, marking a 12.3 percent year-on-year (YoY) increase.According to the official media release, Cube InvIT posted a consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,380 crore, reflecting a 21.7 percent YoY growth. During the year, traffic volumes increased by 6.2 percent, while the Asset Under Management (AUM) grew 25 percent to reach Rs 322.66 billion as of 31 March 2025.Vinay Sekar, Chief Executive Officer (CEO) of Cube InvIT, remarked that the company's performance in FY25 demonstrated the leadership position it holds among InvITs in India. He highlighted that their diversified highway portfolio continued to deliver strong and predictable traffic growth and consistently received recognition for its operations and maintenance quality.The Board of Directors of the investment manager approved a Distribution Per Unit (DPU) of Rs 3.75 for the quarter, payable to ordinary unitholders. The total distribution for the quarter amounted to Rs 5 billion, which included Rs 1.96 per unit as interest, Rs 0.32 per unit as dividend, Rs 1.46 per unit as repayment of SPV loan, and Rs 0.01 per unit as treasury income.Pankaj Vasani, Group Chief Financial Officer (CFO) of Cube InvIT, stated that the Trust declared an annual distribution of Rs 14.68 billion for FY25. He noted that the net debt to enterprise value ratio was maintained at 44.65 percent, providing ample headroom for future growth. Vasani added that as the Trust entered its third year, it remained well-positioned to leverage its strong fundamentals and sustain positive momentum.The annual DPU declared for FY25 stood at Rs 11 per unit, comprising Rs 5.71 per unit as interest, Rs 0.55 per unit as dividend, Rs 4.71 per unit as repayment of SPV loan, and Rs 0.03 per unit as treasury income. This was an increase from the annual DPU of Rs 10.09 declared for FY24.

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?