National Highways Infra Trust (NHIT) Q3 24/25 earnings summary

Executive summary

• Achieved strong financial growth in Q3 FY25, with significant increases in revenue, EBITDA, and PAT year-over-year.

• Board approved unaudited standalone financial results for the quarter and nine months ended 31 December 2024, along with the limited review report from statutory auditors.

• Expanded asset base through successful monetization rounds and fund raises, including the largest transaction in the road sector.

• Maintained a diversified portfolio across critical economic corridors, supporting national and regional demand.

• Valuation of existing assets as of 31 December 2024 stands at Rs. 28,945.7 crores, with per unit value at Rs. 133.93 pre-distribution and Rs. 131.94 post-distribution.

Financial highlights

• Revenue from operations rose 153% to ₹587 crore in Q3 FY25 compared to Q3 FY24.

• EBITDA increased 148% to ₹468 crore, and PAT surged 286% to ₹272 crore year-over-year.

• Total income for the quarter ended 31 December 2024 was Rs. 77,749.52 lakh, up from Rs. 30,942.74 lakh in the same quarter last year.

• Net profit after tax for the quarter was Rs. 51,823.79 lakh, compared to Rs. 24,044.37 lakh in the same quarter last year.

• Total distribution per unit for Q3 FY25 was ₹11, with cumulative distributions since listing at ₹19.39 per unit.

Outlook and guidance

• Offer for acquisition of Project Ascent (Round 4) assets accepted, adding 820 km at a base concession fee of ₹17,641 crore.

• Board approved raising up to 64.5 crore new units at a floor price of Rs. 131.94 per unit, subject to unitholder approval, to fund acquisition of new road assets.

• Continued focus on maximizing investor returns through quarterly distributions and asset expansion.