AHAnantam Highways Trust544579Quarterly results

Q2 results, INR 2.75000 per unit distribution approved; ROFO acquisition deferred

Board of the Investment Manager approved results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Thu 22 Oct 2026, 2:36 PM IST · 2 min read

Distribution per unit

INR 2.75000 per unit on 21,75,00,000 units

Record date

October 27, 2026; payment on or before November 03, 2026

NAV per unit

Rs. 112.20 per unit; net assets Rs. 24,403.61 million

Distribution declared

• The Board approved a distribution of INR 2.75000 per unit for the quarter ended September 30, 2026, across 21,75,00,000 units.
• Per unit, the break-up is interest INR 0.60821, dividend INR 0.34940, capital repayment INR 1.78940 and other income INR 0.00299.
• Record date is October 27, 2026 and payment is to be made on or before November 03, 2026.

What the capital repayment portion means

• About 65% of this payout, INR 1.78940 per unit, is repayment of capital, not income.
• The Trust states that distributions are based on Net Distributable Cash Flows, so part of the payout is repayment of unit capital. For a unitholder this cash comes out of the invested capital, so it is useful to read it separately from the interest and dividend portions of the payout.

NAV and valuation

• Fair value of total assets Rs. 43,019.64 million and total liabilities Rs. 18,616.03 million.
• Net assets of Rs. 24,403.61 million, giving a NAV of Rs. 112.20 per unit as on September 30, 2026, based on the independent valuer's report for the half year ended September 30, 2026.

Half-year numbers (standalone, unaudited)

• Total income for the half year ended September 30, 2026 was Rs. 4,367.02 million; profit after tax was Rs. 3,076.26 million.
• For the September quarter alone, profit after tax was Rs. 254.33 million.
• Impairment losses of Rs. 488.64 million and finance costs of Rs. 730.61 million were charged in the quarter and half year.
• Earnings per unit were Rs. 1.17 for the quarter and Rs. 14.14 for the half year (face value Rs. 100 per unit).

Balance sheet

• Total assets Rs. 42,860.20 million; total equity Rs. 24,244.18 million.
• Borrowings stood at Rs. 18,487.14 million as at September 30, 2026, compared with Rs. 21,011.78 million as at March 31, 2026.
• Long-term borrowings repaid during the half year were Rs. 2,527.00 million; cash and cash equivalents were Rs. 116.86 million.

Growth plan deferred

• The Trust has decided to defer the proposed preferential allotment of units to the Sponsor and the related acquisition of identified assets from its ROFO pipeline.
• The Board noted the transaction should be completed in a manner more closely aligned with the Trust's market-based pricing framework and the interests of all unitholders.
• The proposed ROFO acquisitions will be undertaken at such time as may be appropriate, subject to applicable regulatory requirements and receipt of requisite approvals.
• The Trust stated there is no change in the strategic rationale for the proposed acquisitions or the underlying ROFO pipeline.

What a unitholder can take away

• The quarter brought a declared distribution, a valuation-based NAV figure and a deferral of a previously approved growth transaction.
• Because a large part of the payout is capital repayment, the distribution is best read next to the NAV of Rs. 112.20 per unit rather than treated as income alone.

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