National Highways Infra Trust

Q4 FY22Transport Infrastructure

National Highways Infra Trust Q4 FY22 earnings call: Revenue & Margins

Q4 FY22 investor presentation: what the company reported on revenue, margins and projects.

Price₹170

Market cap₹33.1K Cr

P/E41.5

Updated25 Sept 2026

Read4 min read

Based on National Highways Infra Trust's Q4 FY22 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

The presentation reports Revenue from Operations for FY 22 as Rs. EBITDA for FY22: Rs.

From National Highways Infra Trust's Q4 FY22 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

The presentation reports Revenue from Operations for FY 22 as Rs. 139.61 Cr (Page 17).
There are no specific quarterly revenue or volume figures provided.
Toll revenue is primarily from electronic toll collection (ETC) transactions, accounting for more than 98% of revenue (Page 13).
Toll user fee rates were hiked by ~10.2% effective April 1, 2022 (Page 13, 5).
Volume or traffic growth figures year-on-year are not explicitly stated.

- No explicit outlook or forward-looking revenue or volume guidance is provided in the presentation. - Revenue for initial 6 months was received on a fixed basis from tolling contractors under a transition agreement (Page 5). Summary: FY22 consolidated revenue is Rs. 139.61 Cr, with a 10.2% tariff hike effective April 2022 noted, but no quarterly volume or year-on-year growth rates are disclosed, nor is a revenue/volume outlook explicitly stated.

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA for FY22: Rs. 108.89 Cr (no quarterly or YoY quarterly EBITDA explicitly stated in the presentation).
Operating margin is not explicitly reported in terms of percentage; however, EBITDA and Revenue from Operations are Rs. 108.89 Cr and Rs. 139.61 Cr respectively for FY22, implying an approximate operating margin of 78% for FY22.
Profit After Tax (PAT) for FY22: Rs. 68.36 Cr (no quarterly or YoY quarterly PAT explicitly stated).
The presentation does not state any explicit margin outlook or forecast regarding EBITDA or PAT margins.

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 investor presentation does not explicitly mention any capex, capacity expansion, or new plant/project with specific amounts, status, or timelines. The key points related to projects are: - Initial portfolio comprises five 4-lane highways totaling ~390 km across key economic corridors. - Two projects offered by NHAI for acquisition with due diligence initiated: - Borkhedi — Wadner — Kelapur (139 km) - Agra Bypass (33 km) - No specific capex amounts or timelines for these acquisition projects are provided. - Operations & Maintenance are managed by NHAI-appointed contractors; no mention of expansion capex.

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

The presentation does not explicitly mention any new fundraising through debt or equity.
Financial performance on Page 17 shows debt at Rs. 1,470.0 Cr with a debt-equity ratio of 0.24, but no mention of changes or increments.
The Net Distributable Cash is Rs. 47.54 Cr.
There is no specific reference to any recent borrowing changes or equity issuance.
The executive summary notes that NHAI InvIT was listed on Nov 10, 2021, indicating initial equity issuance, but no mention of subsequent fundraising.

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 of National Highways Infra Trust (NHAI InvIT) does not provide any information regarding order book, order inflow, or pending orders. The content focuses mainly on: - Operational performance of existing highway projects. - Financial performance for FY 2022 including revenues, EBITDA, PAT, debt, and credit ratings. - Project portfolio details and toll collection data.

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.

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

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Frequently Asked Questions

What were National Highways Infra Trust Q4 FY22 results?

The presentation reports Revenue from Operations for FY 22 as Rs. EBITDA for FY22: 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 investor presentation does not explicitly mention any capex, capacity expansion, or new plant/project with specific amounts, status, or timelines.

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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.