NDR InvIT Trust Reports 35% Revenue Growth to ₹1,015.59 Crore in Q1
NDR InvIT Trust, India's first perpetual warehousing and industrial parks InvIT, announced strong Q1 results. Revenue from operations increased 35% to ₹1,015.59 crore. Total income rose to ₹1,083.18 crore, and EBITDA improved to ₹946.12 crore. The trust declared a distribution of ₹1.83 per unit, up from ₹1.75. Assets under management expanded to 19.22 million sq. ft., with operations now in 15 cities and 37 logistics parks. Warehouse occupancy remained high at 98%. The trust also reduced concentration risk by decreasing the share of leased area by top 10 clients from 39% to 33%.
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NDR InvIT Trust , India's first perpetual warehousing and industrial parks InvIT, has announced robust financial results for the first quarter, demonstrating significant growth across key metrics.
Financial Highlights
- Revenue: The trust reported revenue from operations of ₹1,015.59 crore, marking a substantial 35% increase from ₹751.77 crore in the same quarter last year.
- Total Income: Total income rose to ₹1,083.18 crore from ₹764.03 crore year-over-year.
- EBITDA: Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) improved to ₹946.12 crore from ₹661.63 crore.
- Profit Before Tax: PBT remained stable at ₹430.65 crore.
Distribution and Net Asset Value
NDR InvIT Trust has declared a distribution of ₹1.83 per unit, an increase from the previous ₹1.75 per unit. The Net Asset Value (NAV) per unit also saw an uptick, rising to ₹135.87 from ₹126.88.
Operational Performance
The trust's operational metrics showed impressive growth:
- Assets Under Management: Expanded to 19.22 million sq. ft. from 16.96 million sq. ft.
- Warehouse Occupancy: Maintained at approximately 98%.
- Geographical Presence: Now operates across 15 cities, up from 13.
- Logistics Parks: Increased to 37 from 33.
- Warehouses: Now manages over 60 warehouses.
Risk Diversification
In a notable development, the share of leased area by the top 10 clients decreased from 39% to 33%, indicating a reduction in concentration risk. This diversification strategy could potentially lead to more stable revenue streams in the future.
Tabular Summary
| Metric | Q1 Current | Q1 Previous | Change |
|---|---|---|---|
| Revenue from Operations | ₹1,015.59 crore | ₹751.77 crore | +35.00% |
| Total Income | ₹1,083.18 crore | ₹764.03 crore | +41.77% |
| EBITDA | ₹946.12 crore | ₹661.63 crore | +43.00% |
| Distribution per Unit | ₹1.83 | ₹1.75 | +4.57% |
| NAV per Unit | ₹135.87 | ₹126.88 | +7.08% |
| Assets Under Management | 19.22 million sq. ft. | 16.96 million sq. ft. | +13.33% |
NDR InvIT Trust's quarterly results demonstrate strong growth in revenue and operational metrics, along with strategic expansion and risk diversification. The trust's performance reflects the robust demand in India's warehousing and industrial parks sector.
Historical Stock Returns for NDR InvIT Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.35% | +7.14% | +7.14% | +12.68% | +15.72% | +15.38% |
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