National Highways Infra Trust (NHIT) Q1 26/27 earnings summary

Executive summary

• Board approved standalone and consolidated financial results for the quarter ended June 30, 2026, and declared a distribution of Rs. 3.187 per unit, with Rs. 3.179 as interest pass-through and Rs. 0.008 as other income, to be paid within 5 working days from the record date of August 12, 2026.

• Independent valuation by EY pegged enterprise value of assets at Rs. 58,245 crore and NAV at Rs. 159.35 per unit pre-distribution and Rs. 156.16 per unit post-distribution.

Financial highlights

• Standalone revenue from operations for Q1 FY27 was Rs. 151,198.39 lakh, up from Rs. 126,390.99 lakh in Q1 FY26.

• Standalone profit after tax for Q1 FY27 was Rs. 105,106.43 lakh, compared to Rs. 82,951.29 lakh in Q1 FY26.

• Consolidated revenue from operations for Q1 FY27 was Rs. 131,186.62 lakh, up from Rs. 114,546.19 lakh in Q1 FY26.

• Consolidated profit after tax for Q1 FY27 was Rs. 23,449.94 lakh, compared to Rs. 12,146.58 lakh in Q1 FY26.

• Earnings per unit (standalone) for Q1 FY27 was Rs. 4.91 (not annualized); consolidated EPU was Rs. 1.10.

• Net distributable cash flow at trust level for Q1 FY27 was Rs. 66,083.61 lakh.

Outlook and guidance

• Valuation report reflects updated WPI and toll rate assumptions, with improved revenue forecasts based on Q1 FY27 outperformance and cost savings.

• Management expects continued strong cash flows and stable distributions, supported by robust asset performance and conservative WACC assumptions.