Cube Highways Trust declares distribution of Rs 2 per ordinary unit for Q2

Cube Highways Trust (Cube InvIT) managed by Cube Highways Fund Advisors Pvt Ltd on Wednesday declared a Distribution Per Unit (DPU) of Rs 2 to ordinary unitholders for the September quarter.

Cube InvIT's total consolidated income for the April-September period stood at Rs 1,515.16 crore, while the consolidated Earnings Before Interest, Taxes, Depreciation (EBITDA) for the period was Rs 918.24 crore.

"We are pleased that the positive momentum continues and Q2 distribution is on track," Cube InvIT group CFO Pankaj Vasani said.

According to a statement, Cube InvIT had issued 129,03,46,112 ordinary units, and consequently, a total amount of Rs 2,58.0.6 crore will be distributed to the ordinary unitholders.

Cube Highways Trust is engaged in implementing the public-private partnership model in the country's highways sector to operate and manage highway projects in association with the central and state governments.