National Highways Infra Trust Posts Strong Financials for FY26; Highlights Robust Project Performance and Governance

National Highways Infra Trust Posts Strong Financials for FY26; Highlights Robust Project Performance and Governance​

National Highways Infra Trust (NHIT) has released its Investor Presentation detailing the company’s performance for the quarter and year ended March 31, 2026. The results reflect continuous growth across its portfolio of road assets while maintaining a strong focus on corporate governance and sustainability initiatives.

The Trust reported significant increases in total revenue from operations, driving higher profitability despite increased finance charges over the fiscal year. Management highlighted that the overall structure is characterized by low leverage, supported by an adequate Debt Service Coverage Ratio (DSCR).

Financial Performance Snapshot​

Consolidated financial performance shows a substantial rise in total revenue for FY26. The Trust achieved a DSCR of 2.26x in FY26, increasing from 2.10x in FY25. Distributions saw strong growth year on year.

The key financial metrics are as follows:

Portfolio and Project Updates​

NHIT maintains a portfolio predominantly concentrated in high-growth states. The company reported that the total units outstanding increased to 213.85 crores by March 2026, reflecting the issuance of new units consequent to the Round 5 (R5) fund raise completed in March 2026.

Project Specific Performance​

The operational review provided detailed insights into the performance of major project portfolios:

NWPPL (NHIT Western Projects Private Limited)
Traffic and revenue performance metrics for NWPPL were reviewed against specific corridor developments. It was noted that at AP / AS, traffic diversion occurred due to MoRTH making an alternate road free. Furthermore, the BK project is currently undergoing capacity augmentation (6-laning), which has impacted tariff reduction to 75% since November 2022.

NEPPL (NHIT Eastern Projects Private Limited)
Revenue growth for NEPPL was positively affected by the addition of the Katni Bypass length, effective June 12, 2026, resulting in a higher revenue growth rate compared to traffic growth. The project’s traffic is reportedly impacted by delayed operationalization of sand mining, which is expected to be revived after recently concluded assembly elections.

NSPPL (NHIT Southern Projects Private Limited)
The NSPPL assets were appointed on April 1, 2025. While the H2 FY26 performance included data from both IHMCL and TMS, H2 FY25 only covered IHMCL data. Performance at CM was positively impacted by the completion of strengthening works on the corridor.

ESG and Governance Framework​

NHIT reported a 60.3 score in the ESG category, placing it among the top tier of rating scales. The company operates under relevant ISO certifications (ISO 14001:2015 and ISO 45001:2018) and holds an AAA Credit Rating by CARE & India Ratings.

Board Structure:
The Board boasts a diversified background, comprising a Nominee Director from NHAI, three Unitholder Directors, and five Independent Directors. Key members include Mr. N R V V M K Rajendra Kumar (NHAI Nominee Director), Mr. Hardik Shah (Unitholder Nominee Director), and Ms. Usha Rao-Monari and Mr. Sumit Bose (Independent Directors).

Environment and Social Metrics:
The company reported significant resource conservation efforts, including the use of 26919 MT of DBM at Agra Bypass Shivpuri Jhansi & Assam Pkg., leading to a bitumen saving of 38 MT and an avoidance of 19 tCO2e emissions. Furthermore, NHIT planted a total of 1,37,413 saplings across various operational sites.

In terms of occupational health and safety (OHS), the company reported achieving approximately 14.5 million safe manhours involving SPV staff, workmen, and contractors during the relevant period.

NHIT Stock Price Movement​

National Highways Infra Trust shares settled flat on Friday, closing at ₹166.3 as the stock maintained its previous day's value. The equity remained stable throughout the session with no change registered in either direction.