Loading…
Cube Highways Trust (CUBEINVIT)₹152.48−0.09%Road AssetsToll, Annuity, Hybrid-Annuity
In the Sep 2026 quarter (consolidated), Cube Highways Trust reported sales of ₹1,077 Cr, up 2.2% from Sep 2025, and net profit of ₹8.02 Cr, down 80.1% year on year. For the year to Mar 2026, sales were ₹4,252 Cr and net profit ₹217 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 756 | 800 | 794 | 822 | 852 | 849 | 947 | 1,054 | 1,083 | 1,166 | 1,130 | 1,077 |
| Expenses | 231 | 133 | 256 | 267 | 242 | 305 | 272 | 280 | 309 | 260 | 337 | 334 |
| Operating Profit | 522 | 665 | 536 | 552 | 607 | 540 | 672 | 771 | 772 | 901 | 788 | 740 |
| OPM % | 69.3% | 83.3% | 67.6% | 67.3% | 71.4% | 63.9% | 71.2% | 73.3% | 71.3% | 77.5% | 70.0% | 68.8% |
| Other Income | 2.87 | 4.90 | 38.96 | 38.46 | 36.04 | 32.50 | 29.64 | 39.62 | 23.60 | 27.28 | 30.21 | 29.48 |
| Interest | 218 | 227 | 250 | 286 | 279 | 299 | 344 | 401 | 365 | 351 | 363 | 357 |
| Depreciation | 311 | 307 | 316 | 324 | 334 | 339 | 358 | 350 | 377 | 359 | 366 | 353 |
| Profit before tax | −6.04 | 134 | 7.90 | −20.59 | 28.08 | −65.53 | −1.51 | 57.38 | 51.51 | 216 | 87.31 | 57.10 |
| Tax % | 135.3% | 9.7% | 51.1% | 44.8% | −84.7% | −6.2% | −130.4% | 30.0% | 20.5% | 37.7% | 30.1% | 85.9% |
| Net Profit | −14.28 | 122 | 3.87 | −29.91 | 52.02 | −61.76 | 0.47 | 40.23 | 41.08 | 135 | 61.10 | 8.02 |
| EPS (Rs) | −0.12 | 0.95 | 0.04 | −0.23 | 0.40 | −0.47 | 0.00 | 0.31 | 0.32 | 1.01 | 0.46 | 0.07 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 2,926 | 3,317 | 4,252 | 4,456 |
| Expenses | 27.92 | 27.91 | 1,700 | 1,070 | 1,118 | 1,240 |
| Operating Profit | −28.03 | −28.04 | 1,212 | 2,234 | 3,117 | 3,201 |
| OPM % | — | — | 42.0% | 68.0% | 74.0% | 71.9% |
| Other Income | 0.00 | 0.00 | 158 | 146 | 118 | 111 |
| Interest | 0.00 | 0.00 | 870 | 1,114 | 1,460 | 1,436 |
| Depreciation | 0.00 | 0.00 | 1,182 | 1,313 | 1,442 | 1,454 |
| Profit before tax | −27.90 | −27.93 | −685 | −49.84 | 324 | 412 |
| Tax % | 0.0% | 0.0% | 3.0% | −29.1% | 33.0% | — |
| Exceptional items | 0.00 | 0.00 | 102 | 46.90 | 69.80 | — |
| Net Profit | −28.03 | −28.02 | −707 | −36.04 | 217 | 245 |
| EPS (Rs) | — | — | −5.49 | −0.28 | 1.62 | 1.86 |
| Dividend payout % | 0.0% | 0.0% | −206.9% | −4,222.9% | 222.1% | — |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 14,460 | 13,703 | 13,423 |
| Reserves | −28.91 | −28.93 | −1,529 | −2,283 | −3,657 |
| Borrowings | 0.00 | 0.00 | 10,716 | 15,101 | 17,642 |
| Other Liabilities | 28.91 | 28.93 | 913 | 1,377 | 1,896 |
| Total Liabilities | 0.00 | 0.00 | 24,560 | 27,898 | 29,305 |
| Fixed Assets | 0.00 | 0.00 | 22,105 | 24,449 | 23,303 |
| CWIP | 0.00 | 0.00 | 114 | 23.01 | 11.01 |
| Investments | 0.00 | 0.00 | 1,351 | 0.00 | 499 |
| Other Assets | 0.00 | 0.00 | 991 | 3,426 | 5,492 |
| Inventories | 0.00 | 0.00 | 22.02 | 35.02 | 39.99 |
| Trade receivables | 0.00 | 0.00 | 59.91 | 164 | 221 |
| Cash & equivalents | 0.00 | 0.00 | 601 | 1,456 | 814 |
| Total Assets | 0.00 | 0.00 | 24,560 | 27,898 | 29,305 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from operating activity | 1,865 | 2,912 | 3,796 |
| Cash from investing activity | −403 | −155 | −271 |
| Cash from financing activity | −1,222 | −2,184 | −3,866 |
| Net cash flow | 241 | 573 | −336 |
| Capex | 511 | 181 | 59.95 |
| Free cash flow | 1,361 | 2,742 | 3,753 |
| CFO / OP % | 157.0% | 131.0% | 124.0% |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor days | 8 | 18 | 19 |
| Cash conversion cycle | 9 | 19 | 20 |
| Working capital days | −101 | −15 | 53 |
| ROCE % | 1.0% | 4.0% | 6.0% |
For the Sep 2026 quarter, Cube Highways Trust reported sales of ₹1,077 Cr, up 2.2% year on year and net profit of ₹8.02 Cr, down 80.1% year on year. The operating margin was 68.8%.
Cube Highways Trust's sales for the year to Mar 2026 were ₹4,252 Cr; over the last twelve months they were ₹4,456 Cr.
Net profit for the year to Mar 2026 was ₹217 Cr, and ₹245 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.86.
Cube Highways Trust reported borrowings of ₹17,642 Cr at Mar 2026, against cash and equivalents of ₹814 Cr.
Cash from operations was ₹3,796 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹3,753 Cr.