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Anantam Highways Trust

Q2 FY27Transport Infrastructure

Anantam Highways Trust Q2 Results 2026 (FY27): Revenue & Margins

Q2 FY27 earnings call: what management said on revenue, margins and capex.

Price₹102
Market cap₹2.2K Cr
P/E8.4
Updated28 Oct 2026
Read4 min read

What the Q2 FY27 call signalled

2 of 4 strong

RevenueSlow growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

Anantam Highways Trust focuses on sustaining distributions supported by government-backed annuity cash flows, ensuring predictable revenue without traffic volume risk. Anantam Highways Trust aims to translate its strong foundations into sustained long-term value, focusing on predictable cash flows and prudent financial management (Page 3).

From Anantam Highways Trust's Q2 FY27 earnings-call transcript · updated 28 Oct 2026.

Revenue & Sales Performance

Slow growth
  • Anantam Highways Trust focuses on sustaining distributions supported by government-backed annuity cash flows, ensuring predictable revenue without traffic volume risk.
  • Future growth will be driven by disciplined acquisitions from a large ROFO (Right of First Offer) pipeline, including assets from Dilip Buildcon, Alpha Alternatives, and other developers.
  • Acquisition decisions will prioritize assets that are appropriately valued, financially sound, and accretive to unitholders.
  • Rising interest rates are expected to benefit the HAM assets by increasing annuity-linked income.
  • Management aims to balance growth with preserving the financial and operating integrity of the existing portfolio.

2 more points from Anantam Highways Trust's call on revenue

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Profitability & Margins

Margins steady
  • Anantam Highways Trust aims to translate its strong foundations into sustained long-term value, focusing on predictable cash flows and prudent financial management (Page 3).
  • Future growth depends on accretive acquisitions from a meaningful ROFO pipeline, ensuring scale without compromising cash flow quality or capital allocation discipline (Page 4).
  • The Trust targets consistency and gradual increases in distribution over time, reflecting growth opportunities and cash flow sustainability (Page 14).
  • Future acquisitions will be financed via a mix of raising primary capital, InvIT unit swaps, or incremental leverage within prudential norms (Page 11).
  • Rising interest rates are beneficial for HAM assets due to higher interest income, potentially increasing cash flows and NAV (Pages 8, 14).

2 more points from Anantam Highways Trust's call on margins

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Capital Expenditure Plans

Capex planned
  • The InvIT has a significant ROFO (Right of First Offer) pipeline comprising 18 assets (11 from Dilip Buildcon and rest from Alpha Alternatives), indicating planned future acquisitions.
  • Acquisition of ROFO assets has been deferred due to timing, pricing, and regulatory considerations but remains a priority; these acquisitions are expected in the near to mid-term (18-24 months).
  • Future acquisitions will be funded through a combination of primary capital raising, InvIT unit swaps, and incremental leverage within prudential limits.
  • The InvIT is also open to acquiring assets directly from the market beyond Dilip Buildcon and Alpha Alternatives.

2 more points from Anantam Highways Trust's call on capex

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Top-ranked in Transport Infrastructure

Ranked on what management guided this quarter

Guidance-ranked
1Guj Pipavav Port
Rev 2Mar 3
2Dreamfolks Servi
Rev 3Mar 1
3
Rev 3Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Anantam Highways Trust said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The discussions primarily focus on: - Existing portfolio of seven HAM assets and their performance. - ROFO (Right of First Offer) asset pipeline involving 18 assets, including 11 from Dilip Buildcon and others from Alpha Alternatives. - Deferred acquisition of ROFO assets due to timing, pricing, and regulatory considerations, with plans to acquire them in the near to mid-term.

Anantam Highways Trust — Quarterly revenue & net profit

Revenue Net profit Net loss
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹158 Cr, net profit ₹52 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Anantam Highways Trust's management said in earlier quarters

Others in Transport Infrastructure this season

  • GMR Airports Ltd (Q2 FY27)

    Q2FY27 Revenue from Operations: INR 41.0 billion, up 11.6% YoY (Page 54) . Key investor presentation takeaways from GMR Airports Ltd's Q2 FY27 investor presenta

  • Adani Ports & Special Economic Zone Ltd (Q2 FY27)

    Q2 FY27 revenue: ₹11,340 Cr, up 24% YoY (Page 18) . Key investor presentation takeaways from Adani Ports & Special Economic Zone Ltd's Q2 FY27 investor presenta

  • JSW Infrastructure Ltd (Q2 FY27)

    Q2 FY27 Revenue from Operations:** ₹1,481 Crore, +17% YoY (Page 9) . Key investor presentation takeaways from JSW Infrastructure Ltd's Q2 FY27 investor presenta

Compare:vs Adani Ports & Special Economic Zone Ltdvs GMR Airports Ltdvs JSW Infrastructure Ltd

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Frequently Asked Questions

What were Anantam Highways Trust Q2 FY27 results?

Anantam Highways Trust focuses on sustaining distributions supported by government-backed annuity cash flows, ensuring predictable revenue without traffic volume risk. Anantam Highways Trust aims to translate its strong foundations into sustained long-term value, focusing on predictable cash flows and prudent financial management (Page 3).

What is Anantam Highways Trust share price analysis?

Anantam Highways Trust currently shows a neutral. The stock trades at a P/E of 8.4 with a market cap of ₹2,158 Cr. Investors should review the full earnings analysis for detailed insights.

Is Anantam Highways Trust planning capital expenditure?

The InvIT has a significant ROFO (Right of First Offer) pipeline comprising 18 assets (11 from Dilip Buildcon and rest from Alpha Alternatives), indicating planned future acquisitions.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.