In a notable move in the real estate investment trust sector, retail tycoon Radhakishan Damani and the Aryaman Jhunjhunwala Discretionary Trust have made substantial investments in NDR InvIT Trust , signaling confidence in the company's growth potential.

Key Highlights of the Transactions

• Radhakishan Damani acquired 87 lakh shares worth Rs 100.00 crore
• Aryaman Jhunjhunwala Discretionary Trust purchased 58 lakh shares valued at Rs 66.70 crore
• Both transactions were executed at Rs 115.00 per share through block deals

Market Response and Performance

The market responded positively to these high-profile investments:

• NDR InvIT Trust shares closed at Rs 120.00, marking a 4.35% gain
• The stock hit a fresh 52-week high of Rs 122.00
• Over the past year, NDR InvIT Trust has delivered returns of 16.50%, outperforming both Nifty and BSE Sensex

Company Overview

NDR InvIT Trust has established a strong presence in the logistics and industrial real estate sector:

• Operates over 60 warehouses and 37 industrial parks
• Total portfolio spans 19 million square feet across 15 cities
• Serves diverse sectors including retail, e-commerce, manufacturing, and logistics

Recent Financial Performance

In its latest quarterly results, NDR InvIT Trust reported:

• Consolidated net profit of Rs 38.00 crore, a slight decrease of 2.60% year-over-year
• Total revenue surged by 42.00% to Rs 108.00 crore, indicating strong top-line growth

The investments by Radhakishan Damani and the Aryaman Jhunjhunwala Discretionary Trust, coupled with NDR InvIT Trust's robust market performance and expanding portfolio, suggest a positive outlook for the company in the growing logistics and industrial real estate sector.

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

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.