Quarterly Result3 Nov 2026, 04:06 pm
Nexus Select Trust Q2 FY27 NOI Up 8% to ₹504 Cr, Distribution ₹359 Cr
AI Summary
Nexus Select Trust announced its financial results for the quarter ended September 30, 2026, reporting a quarterly consumption of INR 3,909 crores, a 13% year-on-year growth. Net Operating Income (NOI) rose 8% YoY to INR 504 crores, driven by strong consumption and leasing momentum. The company declared a distribution of INR 359 crores (INR 2.367 per unit), marking the 13th consecutive quarter of 100% distribution payout. Nexus Select Trust also announced its strategic entry into Northeast India with a mall and hotel development in Guwahati. The company maintains a strong balance sheet with an attractive debt cost of 7.2% and an AAA/Stable credit rating.
Key Highlights
- Quarterly consumption grew 13% YoY to INR 3,909 crores.
- Net Operating Income (NOI) increased 8% YoY to INR 504 crores.
- Distribution declared at INR 359 crores (INR 2.367 per unit).
- Strategic entry into Northeast India announced with Guwahati project.
- Strong balance sheet with 7.2% debt cost and AAA/Stable rating.
Price Impact
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