Nexus Select Trust Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 5 Aug 2026 | Realty | Market Cap: ₹25.4K Cr
Long-term consumption growth is expected around 7%-7.5%; currently at 6% with potential improvement as government’s INR 1 lakh crore stimulus starts circulating (Dalip Sehgal, p14). Long-term NOI growth target is around 7%-7.5% annually, with current nine-month NOI growth at 6%.
From Nexus Select Trust's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹167
Market Cap
₹25.4K Cr
P/E Ratio
57.7
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Nexus Select Trust — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹652 Cr, net profit ₹12 Cr.
Full financials →📊 Revenue & Sales Performance
- →Long-term consumption growth is expected around 7%-7.5%; currently at 6% with potential improvement as government’s INR 1 lakh crore stimulus starts circulating (Dalip Sehgal, p14).
- →Nine months NOI growth stood at 6% with rental escalations contributing 4%-4.5%, re-leasing spreads adding 1%-1.5%, and flat revenue share (Rajesh Deo, p14).
- →Consumption growth and NOI growth are expected to track closely going forward (Pratik Dantara, p13).
- →The government’s tax relief measures are expected to boost disposable incomes and discretionary spending, supporting consumption growth (p3).
- →Retail leasing demand remains robust with 97.6% occupancy and healthy 20%+ spreads on re-leasing (p4).
- →New experiential marketing initiatives and diversified income streams like ticketed events and advertising aim to increase footfalls and revenue (p10).
- →Acquisition pipeline strong, with 2-3 malls targeted for addition in FY26 to support growth (p11).
📈 Profitability & Margins
- →Long-term NOI growth target is around 7%-7.5% annually, with current nine-month NOI growth at 6%.
- →DPU growth is expected to track NOI growth directionally, around 5-6% annualized (INR 8.4 per unit forecast).
- →Consumption growth is anticipated to improve due to INR 1 lakh crore government stimulus, potentially pushing consumption growth closer to long-term 7-8% trends.
- →Rental escalations and re-leasing spreads (20% on expiring leases) contribute positively to NOI, with around 4-4.5% from rental escalations and 1-1.5% from re-leasing spreads.
- →Revenue share is currently flat; future growth tied to consumption improvements.
- →Acquisition pipeline and asset additions (e.g., Vega City and Hyderabad malls) expected to contribute to portfolio growth and profitability.
- →Operating costs under control, with a 3% YoY increase and debt cost reduced by 30 bps, supporting margin stability (NOI margin ~74%-75%).
🏗️ Capital Expenditure Plans
- →Acquisition of Vega City mall is expected to close soon; the deal was delayed due to administrative issues (Page 6, 11).
- →North India acquisition is in the final documentation phase, expected to close soon (Page 6, 11).
- →Pipeline includes about 3-4 more assets under bilateral discussions beyond announced 1.8 million sq ft acquisitions (Page 11).
- →Target to add about 2 to 3 malls every year; pipeline is strong and progressing (Page 11).
- →Investment in advanced mall advertising technology with installation of multiple anamorphic cuboid screens in malls (Nexus Hyderabad, Seawoods, Vijaya Chennai) and plans for 4-5 more; this leverages an asset-light model with minimal investment (Page 5).
- →Continued investment in marketing initiatives and experiential events to drive footfalls and consumption (Page 5, 10).
💰 Fundraising & Capital Structure
- →The transcript does not mention any current or planned fundraising through equity.
- →On debt, it is noted that debt cost has been reduced by 30 basis points year-on-year, yielding annualized savings of INR 120 million.
- →There is no explicit discussion of raising new debt funds in this transcript.
- →Funds have been raised previously for the Vega City acquisition and currently those funds are bearing a negative carry until the deal closes soon.
- →The focus is on closing announced acquisitions (Vega City, Hyderabad malls, North India assets) totaling about 1.8 million sq. ft.
- →No explicit mention of new debt or equity fund raises beyond this acquisition pipeline and the management is focused on closing the existing transactions.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Nexus Select Trust Q3 FY25 results?
Long-term consumption growth is expected around 7%-7.5%; currently at 6% with potential improvement as government’s INR 1 lakh crore stimulus starts circulating (Dalip Sehgal, p14). Long-term NOI growth target is around 7%-7.5% annually, with current nine-month NOI growth at 6%.
What is Nexus Select Trust share price analysis?
Nexus Select Trust currently shows a neutral. The stock trades at a P/E of 57.7 with a market cap of ₹25,394 Cr. Investors should review the full earnings analysis for detailed insights.
Is Nexus Select Trust planning capital expenditure?
Acquisition of Vega City mall is expected to close soon; the deal was delayed due to administrative issues (Page 6, 11).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.