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%.