National Highways Infra Trust

Q1 FY24Transport Infrastructure

National Highways Infra Trust Q1 FY24 earnings call: Revenue & Margins

Q1 FY24 investor presentation: what the company reported on revenue, margins and projects.

Price₹170

Market cap₹33.1K Cr

P/E41.5

Updated25 Sept 2026

Read3 min read

Based on National Highways Infra Trust's Q1 FY24 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Revenue from Operations for Q1 FY24: Rs. EBITDA for Q1 FY24: Rs.

From National Highways Infra Trust's Q1 FY24 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Revenue from Operations for Q1 FY24: Rs. 235.82 crore
Revenue from Operations for Q1 FY23: Rs. 137.37 crore
Year-on-year revenue growth Q1 FY23 to Q1 FY24: 72% increase (Page 16)
Q1 FY24 portfolio-level revenue: Rs. 235.8 crore (Page 14)
BK project revenue dropped despite 4% traffic growth due to tariff reduction to 75% (Page 14)
R2 projects acquired in October 2022; no revenue was recorded for R2 projects in Q1 FY23 (Page 14)

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA for Q1 FY24: Rs. 187.49 crore, up 58% from Rs. 118.55 crore in Q1 FY23
Revenue from Operations for Q1 FY24: Rs. 235.82 crore, up 72% from Rs. 137.37 crore in Q1 FY23
Profit After Tax (PAT) for Q1 FY24: Rs. 82.61 crore, up 32% from Rs. 62.80 crore in Q1 FY23
Operating margin (EBITDA margin) can be approximated as EBITDA / Revenue:
Q1 FY24: 187.49 / 235.82 ≈ 79.5%

2 more points management made on profitability & margins

See what National Highways Infra Trust said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation mentions the following regarding capex, capacity expansion or new projects: - BK (Belgaum - Kagal) project is undergoing capacity augmentation. - Due to capacity expansion at BK, the tariff was reduced to 75%. - While traffic at BK grew by 4%, revenue dropped due to tariff reduction. - No specific amounts or timelines for the BK capacity augmentation are stated.

2 more points management made on capital expenditure plans

Top-ranked in Transport Infrastructure

Ranked on what management guided this quarter

5x potential

1Guj Pipavav Port₹7.9K Cr

Rev 2Mar 3

2Anantam Highways₹2.3K Cr

Rev 2Mar 3

3₹338 Cr

Rev 3Mar 1

4₹4.1L Cr

Rev 3Mar 3

5₹84.4K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

On Page 6, it is mentioned that NHIT successfully listed Round 2 Units via Institutional Placement raising Rs 1,430 Cr at a unit price of Rs. 109.
On the same page, NHIT completed a successful Public Listing of NCDs aggregating to Rs 1,500 Cr on 29th October 2022.
Page 16 shows an increase in Debt from Rs 1,462.85 Cr in Q1 FY23 to Rs 2,936.75 Cr in Q1 FY24 (101% increase).

2 more points management made on fundraising & capital structure

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

Order Book & Pipeline

The investor presentation for National Highways Infra Trust (NHIT) does not report any information on order book, order inflow, or pending orders. - The presentation focuses on operational performance, financial results, portfolio composition, board and management details, and EHS performance. - There is no mention of any order backlog, incoming orders, or pending contract orders related to NHIT or its projects.

2 more points management made on order book & pipeline

National Highways Infra Trust — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1K Cr, net profit ₹205 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What National Highways Infra Trust's management said in earlier quarters

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Frequently Asked Questions

What were National Highways Infra Trust Q1 FY24 results?

Revenue from Operations for Q1 FY24: Rs. EBITDA for Q1 FY24: Rs.

What is National Highways Infra Trust share price analysis?

National Highways Infra Trust currently shows a neutral. The stock trades at a P/E of 41.5 with a market cap of ₹33,120 Cr. Investors should review the full earnings analysis for detailed insights.

Is National Highways Infra Trust planning capital expenditure?

The presentation mentions the following regarding capex, capacity expansion or new projects: - BK (Belgaum - Kagal) project is undergoing capacity augmentation.

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