NHIT FY26 results: ₹1.97 distribution, income up 65%

What NHIT announced and why it matters

National Highways Infra Trust (NHIT) said it approved its audited standalone and consolidated financial statements for the year ended March 31, 2026. Alongside the results, the InvIT declared and completed payment of a cash distribution for the February to March 2026 period. For income-focused investors in listed InvITs, the distribution quantum and its composition matter as much as accounting profits. NHIT also disclosed its Net Asset Value (NAV) per unit before and after the payout, providing a clear snapshot of value accretion and cash returned. Separately, an independent valuation pegged enterprise value at ₹56,988 crore, adding an external reference point for the trust’s scale.

Distribution details: amount, mix, record date and payment

NHIT’s distribution for the February-March 2026 period was ₹1.970 per unit. The trust said this consisted of ₹1.960 per unit as Interest Pass-Through and ₹0.010 per unit as Other Income on surplus funds at trust level. The record date for determining eligible unitholders was May 16, 2026. NHIT stated the distribution payment was completed on May 21, 2026, and that it is subject to applicable withholding taxes.

NAV per unit before and after the Feb-Mar FY26 payout

As of March 31, 2026, NHIT’s NAV per unit was reported at ₹152.44 before the distribution. Post-distribution, the NAV per unit stood at ₹150.47. This links the cash payout to the unit-level NAV movement in a straightforward way, which is especially relevant for InvIT investors who track both NAV and periodic distributions.

FY26 performance: standalone numbers show sharp rise

NHIT reported strong standalone financial results for FY26 compared with FY25. Standalone total income from operations rose to ₹5,045.66 crore in FY26 from ₹3,059.54 crore in FY25. Standalone profit after tax increased to ₹3,531.15 crore in FY26 from ₹1,854.91 crore in FY25. For Q4 FY26, standalone total income from operations was ₹1,240.24 crore and standalone profit after tax was ₹1,019.13 crore. Earnings per unit (basic) for FY26 was ₹18.20 versus ₹13.99 in FY25, as reported in the results table.

Consolidated snapshot and leverage indicator

At the consolidated level, NHIT reported total income from operations of ₹4,322.21 crore for FY26. Consolidated profit after tax was ₹685.52 crore for FY26. NHIT also reported a consolidated debt-equity ratio of 1.05 for FY26, a metric investors often track to understand balance-sheet gearing in infrastructure platforms.

Board process: meeting date referenced in disclosures

NHIT’s investment manager, National Highways Infra Investment Managers Private Limited, had informed stock exchanges that a board meeting was scheduled on May 13, 2026. The agenda included approval of annual audited standalone and consolidated financial statements and quarterly and annual results for the year ended March 31, 2026. The board was also set to consider declaration of distributions, if any, for the period ended February and March 2026.

Market snapshot: price, valuation multiples, yield and market cap

As per the provided data, NHIT’s unit price was ₹167.95 as of June 24, 2026. The market capitalisation was ₹35,927.65 crore on the same date. The stated P/E ratio was 52.41 and the P/B ratio was 1.64. The current dividend yield was listed at 7.32.

Past returns: recent and long-term performance

The provided return series shows a mixed short-term picture and stronger longer-term performance. Over the past week, the return was -0.03%, while the past month return was 2.94%. Returns for the past 3 months and 6 months were 9.41% and 11.23%, respectively. Over the past 1 year, the return was 25.86%. Over longer windows, the past 3 years return was 47.32% and the past 5 years return was 65.88%.

Distribution history: recent per-unit payouts disclosed

NHIT’s per-unit distribution summary shows multiple periods with interest income forming the bulk of distributions in the provided rows. Recent entries include ₹2.744 per unit for 1st Oct’25 to 31st Dec’25 (record date 30-01-2026), ₹1.160 per unit for 1st Jan’26 to 31st Jan’26 (record date 20-03-2026), and ₹1.970 per unit for Feb’2026 to 31st Mar’2026 (record date 16-05-2026). NHIT also disclosed that the Jan 2026 distribution comprised ₹1.157 per unit as interest pass-through and ₹0.003 per unit as other income, with a revised record date due to a clearing holiday.

Key financial table: FY26 vs FY25 (standalone)

The audited results table shared for FY26 and FY25 highlights the year-on-year change in operating income and profitability.

What to track next

NHIT’s disclosures tie together three investor-relevant points: audited FY26 performance, the completed Feb-Mar 2026 distribution, and updated NAV per unit after the payout. Investors typically monitor subsequent distribution announcements, record dates, and the composition of payouts (interest pass-through versus other income) because tax treatment and cash-flow visibility can differ across components. Separately, the gap between market price, reported NAV per unit, and independent enterprise valuation is often watched closely in InvITs as a positioning signal, though the provided data does not include any explicit guidance on future distributions.