NDR InvIT Trust has reported strong financial performance for the second quarter of fiscal year 2026, with significant year-on-year growth across key metrics.

Financial Highlights

The Trust's revenue from operations saw a substantial increase of 38% year-on-year, reaching Rs 1,036.05 crore in Q2 FY26, up from Rs 750.75 crore in the same quarter of the previous fiscal year. This growth was primarily attributed to an expansion in assets under management and higher rental income.

Profit After Tax (PAT) for the quarter stood at Rs 366.02 crore, marking a 36% increase from Rs 269.42 crore reported in Q2 FY25. The Trust also reported a significant 45% year-on-year surge in EBITDA, indicating improved operational efficiency.

Asset Portfolio and Management

NDR InvIT Trust's asset portfolio has shown considerable expansion:

• Assets Under Management: 19.22 million square feet
• Portfolio Composition: 37 industrial parks and over 60 warehouses
• Geographic Spread: Across 15 Indian cities

The Trust maintains a diversified tenant base, serving various sectors including third-party logistics, e-commerce, IT, engineering, automobiles, and retail.

Financial Prudence and Distributions

The Trust has maintained a conservative financial approach, with a loan-to-value ratio kept below 15%, indicating a strong balance sheet and low leverage.

For Q2 FY26, the Board of NDR InvIT Trust has declared a distribution of Rs 1.825 per unit. The Net Asset Value (NAV) stands at Rs 133.75 per unit, reflecting the Trust's solid asset base and financial position.

Conclusion

NDR InvIT Trust's Q2 FY26 results demonstrate robust growth across key financial metrics, underpinned by strategic asset expansion and efficient management. The Trust's focus on maintaining a diverse portfolio across multiple cities and industries, coupled with its prudent financial management, positions it well for sustained performance in the industrial and logistics real estate sector.

NDR InvIT Trust , India's pioneer listed warehousing and industrial park infrastructure investment trust, has made a strategic move into the Lucknow logistics market. The trust has acquired a Grade-A warehousing facility for ₹143.9 crore, marking its entry into this burgeoning Tier-2 city market.

Acquisition Details

Strategic Importance

The acquisition of this Grade-A warehousing facility in Lucknow is a significant step for NDR InvIT Trust. It aligns with the trust's strategy to build a national logistics network and positions Lucknow as a key distribution hub for North India.

Market Dynamics

Lucknow's logistics market has been attracting increased attention from warehousing and e-commerce players. This growing interest can be attributed to:

1. Improved highway connectivity
2. Rising demand for supply chain infrastructure in Tier-2 cities

Management's Perspective

N Amrutesh Reddy, Director of NDR InvIT Trust, emphasized the strategic importance of this acquisition. He stated that it supports the trust's goal of building a comprehensive national logistics network, while also establishing Lucknow as a crucial distribution hub for North India.

Implications for Investors

This acquisition by NDR InvIT Trust presents several potential benefits for investors:

1. Diversification into a new geographic market
2. Exposure to high-quality, Grade-A warehousing assets
3. Participation in the growing Tier-2 city logistics sector

As the e-commerce and logistics sectors continue to evolve, especially in Tier-2 cities, such strategic acquisitions may provide long-term value for infrastructure investment trust unitholders.

Investors should monitor how this acquisition impacts NDR InvIT Trust's overall portfolio performance and distribution yields in the coming quarters.