CUBEHIGHWAYSTRUST / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Cube Highways Trust · Analyst questions, management answers, and the quality of the response where the ledger is available.

Research layer active

ConCallIQ research layer

Signal, with the source still visible.

Use the controls below to narrow the view, then follow the evidence into the next layer of context.

PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

Answered directly

56%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Danel Ra · Lauren Gocha stock broking

evasive

Timeline for IPO and SEBI approval, and asset addition timeline.

we've already filed for the SEI with our draft document in March. I don't want to speculate on how long SEI will take but we will move forward as soon as we have all the regulatory approvals in place.

Danel Ra · Lauren Gocha stock broking

direct

Operational life of the four assets being added.

there are total four assets. two BOT assets have life more than 30 years each and the BOT and one more gold asset is basically maturing in FY31.

Viral J · Share India Securities

evasive

Litigation on toll payment for mid-exit travelers and revenue impact.

I'm not really sure if I'm able to identify which litigation that is being referred to. I think this is regarding FR. I think most likely is that the litigation you're referring to for it identity.

Danel Ra · Lauren Brocha

direct

Timing of inflation adjustment for toll assets based on WPI.

the majority are the newer assets which have a three rupees fixed hike and a 40% link to inflation index. this total rate is applied in April of every year based on the December print. the second category of assets have 100% pass-through on inflation, revision happens on 1st July based on March print.

Chaitan Vary · family office

partial

Operational period, payback period, and cash flow addition from four new assets.

we've disclosed these details in the past. we will effectively be acquiring these assets at a 5 to 7% discount to the fair value. this will translate into an NAV gain of over 3 rupees for the trust.

Gorang Meta · family office

partial

Cost of debt benchmark and expected debt levels over next 12 months.

about 70% of our debt is through bank loans, remaining 30% are fixed rate. bank loans are linked to bank MCLR or repo rate. we have this split because 70% of revenue is from toll and HAM assets which are inflation/interest rate hedged.

Chaitan Vary · family office

direct

Any additional asset acquisitions planned in FY27 beyond the four.

we have signed a right of first offer for three more assets from the sponsor group. these are large assets with FY25 revenue of almost 880 crores. we will pick it up after we complete this process. we are also actively looking for other opportunities.

Chaitan Vary · family office

direct

Expected further reduction in cost of debt from current level.

no, we have not projected for any further reduction. the cost of debt has gone from 7.53 to 7.49 as per our investor disclosure. we are not expecting anything further.

Shabbam Sonkar · Kodak alternate assets

evasive

Reason for higher revenue growth assumption despite similar traffic growth and lower WPI.

we've not changed our WPI assumption going forward. our traffic base has overperformed for the year and that is being incorporated into our valuation. the growth has not materially changed. we'll have a look at it and come back to you.