News ArticleNexus Select Trust Achieves Record Q2 FY27 NOI of INR 504 Crore and 8% Distribution Growth
Trust recorded 13% consumption growth, 25% re-leasing spreads, and announces strategic Northeast India expansion with new mall and hotel project in Guwahati
Nexus Select Trust announced its Q2 FY27 financial results with a 13% year-on-year growth in quarterly consumption, an 8% increase in net operating income to INR 504 crore, and a distribution of INR 359 crore (INR 2.367 per unit), marking its 13th consecutive quarter of full distribution payout. The trust also achieved a 25% re-leasing spread and announced strategic expansion into Northeast India with a new development in Guwahati.
Nexus Select Trust
Investor Presentation
Nexus Select Trust reported its financial results for the quarter ended September 30, 2026, achieving a net operating income of INR 504 crore, an 8% increase year-over-year, driven by 13% growth in consumption. The trust declared a distribution of INR 359 crore or INR 2.367 per unit, marking the 13th consecutive quarter of full payout to unitholders.
The trust's quarterly consumption reached INR 3,909 crore, reflecting broad-based growth across all categories despite the festive season shifting largely to Q3 this year.
During Q2 FY27, Nexus Select Trust achieved 25% re-leasing spreads on 0.5 million square feet re-leased space, supported by a strong leasing momentum.
The trust maintains a sound balance sheet with an attractive debt cost of 7.2%, a AAA/Stable credit rating, and a loan-to-value ratio of 18%.
The board approved the distribution declared on November 3, 2026, with a record date of November 6, 2026, and payment scheduled on or before November 16, 2026.
Nexus Select Trust announced its strategic entry into Northeast India through a transaction to develop a Grade-A mall and hotel in Guwahati, initiating its expansion into East and Northeast India's consumption markets.
Highlights
- Quarterly consumption grew 13% to INR 3,909 crore in Q2 FY27
- Net operating income rose 8% year-on-year to INR 504 crore
- Declared distribution of INR 359 crore or INR 2.367 per unit, an 8% increase year-on-year
- Achieved 25% re-leasing spreads on 0.5 million square feet during the quarter
- Maintains 7.2% debt cost, AAA/Stable rating, and 18% loan-to-value ratio
- Announced development of new Grade-A mall and hotel in Guwahati as entry into Northeast India
Key Data Snapshot
What happened
- Nexus Select Trust reported highest ever net operating income (INR 504 crore) and distribution (INR 359 crore) for the half year ended September 30, 2026.
- The reported net operating income reflects an 8% year-on-year increase supported by strong consumption and leasing performance.
- Declared an 8% year-on-year increase in distribution per unit, maintaining a 13-quarter streak of full payout to unitholders.
Key details
- Quarterly consumption reached INR 3,909 crore, a 13% year-on-year growth across all retail categories.
- Re-leasing achieved 25% spread on 0.5 million square feet of space during Q2 FY27.
- Trust has maintained a strong balance sheet: debt cost at 7.2% (30bps lower YoY), AAA/Stable credit rating, 18% loan-to-value ratio.
- Strategic entry into Northeast India through plans to develop a Grade-A mall and hotel in Guwahati, marking expansion into new regional markets.
Transaction details
- The new development in Guwahati represents a landmark transaction to broaden Nexus Select Trust's presence in East and Northeast India, targeting high-potential consumption markets.
- The trust has a robust acquisition pipeline including six retail assets across India, with two currently under due diligence.
- Available debt headroom of nearly USD 1 billion supports planned inorganic growth.
Next milestones
- Record date for Q2 FY27 distribution set for November 6, 2026, with payments scheduled on or before November 16, 2026.
- Q2 and H1 FY27 earnings call held on November 3, 2026; playback available on Nexus Select Trust website.
- Further inorganic growth expected through pipeline acquisitions to support portfolio doubling ambition by 2030.
Highlights
- Quarterly consumption grew 13% to INR 3,909 crore in Q2 FY27
- Net operating income rose 8% year-on-year to INR 504 crore
- Declared distribution of INR 359 crore or INR 2.367 per unit, an 8% increase year-on-year
- Achieved 25% re-leasing spreads on 0.5 million square feet during the quarter
- Maintains 7.2% debt cost, AAA/Stable rating, and 18% loan-to-value ratio
- Announced development of new Grade-A mall and hotel in Guwahati as entry into Northeast India
Disclosures
- Press release and earnings presentation submitted to NSE and BSE on November 3, 2026
Source Information
More News on Investor Presentation
View allLatest corporate announcements and market updates in Investor Presentation.
Multi Commodity Exchange of India Ltd Reports Nearly 100% Increase in Total Income for H1 FY27 with ₹1,603 Crore
Multi Commodity Exchange of India Ltd (MCX) reported total income of ₹1,603 crore for the half year ended September 30, 2026, nearly doubling the ₹807 crore recorded in the same period last year. Profit after tax reached ₹868 crore, showcasing substantial financial growth.
Read Full Story
GlaxoSmithKline India Achieves 21% Revenue Growth in Q2 FY27 with Innovation-Driven Portfolio Expansion
GlaxoSmithKline Pharmaceuticals Limited reported a 21% revenue increase to ₹1180 crore in Q2 FY27, driven by strong sales execution and a rising contribution from its innovation portfolio which grew to 7% of total sales. The company sustained market leadership with a 25% share in its representative market amid competitive industry growth.
Read Full Story
Zydus Lifesciences Posts Rs. 79,096 mn Revenue in Q2 FY27 with 29% YoY Growth Bolstered by India Formulations
Zydus Lifesciences Limited recorded a 29% year-on-year increase in revenues to Rs. 79,096 million during the second quarter of fiscal year 2027, driven primarily by robust growth in their India branded formulations and North America markets.
Read Full Story
