NDR InvIT Trust, the first Perpetual Warehousing and Industrial Parks InvIT, listed on the National Stock Exchange, held its Board meeting on 10th February 2025, reported results for the third quarter and nine months ended 31st December, 2024.
- NAV at Rs. 127.26/unit as on 31st December, 2024
- Declared distribution of Rs. 1.75 (Rs. 0.85 as Interest and Rs. 0.90 as return of capital) per unit to the unit holders for Q3 & 9M FY25
- Assets under Management (AUM) stood at ~19.01 mn. sq. ft (msf) across India.
- Out of the 17 mn sq. ft. leasable area
- 2.01 million sq. ft. is currently under acquisition in Q3 FY25 across Bengaluru, Hyderabad, Pune, and Surat.
|
Particulars (Consolidated) |
Q3 FY25 (Rs. Mn) |
9M FY25 (Rs. Mn) |
|
Revenue from Operations |
793.20 |
2,295.72 |
|
Gain on Investments |
3.67 |
7.37 |
|
Interest Income |
12.05 |
26.71 |
|
Other Income |
2.57 |
6.46 |
|
Total Income |
811.49 |
2,336.26 |
|
Earnings before Interest Depreciation and Amortization (EBITDA) |
715.55 |
2,034.50 |
Mr. Sandeep Jain, Chief Financial Officer of NDR InvIT Trust, said,
“Q3 was a defining quarter for us as we grew our Revenues, EBITDA, and expanded our footprint in Prime Locations. We were also the first InvIT in India to issue ‘Sustainability Linked Bonds’ via. IFC, and NaBFID, India’s premier Infrastructure Financing Bank, also took part in our LT Bond Issuance. The proceeds of which were used to replace debt, at the SPVs thereby augmenting the cash flows at the InvIT level, and in the Portfolio Expansion. Our growth, and acquisitions strategy remain Value Accretive to our Investors.”
Business Highlights:
- Under acquisition assets of 2.01 mn sq. ft. in Surat, Hyderabad, Pune and Bengaluru
- 13 Cities, 33 Industrial Parks, 55+ Warehouses
- Pan India Occupancy Levels at ~98%
- Top 10 Clients Contribute 35% of Revenue
- ~16% of Leases coming up for renewals in FY26
Financial Highlights:
- Clocked healthy revenue growth of 5.65% and EBIDTA growth 8.86% in Q3 vs Q2 FY25
- Recorded Revenue from Operation of RS. 793.20 mn in Q3 FY25 and RS. 2,295.72 mn in 9M FY25
- EBITDA stood at RS. 715.55 mn in Q3 FY25 and RS. 2,034.50 mn 9M FY25
Distribution:
- Distribution for Q3 FY25 is Rs. 673.75 mn and for 9M FY25 is Rs. 2,407.36 mn
- Declared distribution of Rs. 1.75/unit (Rs. 0.85 as Interest and Rs. 0.90 as return of capital) per unit to the unit holders for Q3 FY25
- Record date for the distribution is February 12, 2025