Nexus Select Trust Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 30 Aug 2026 | Realty | Market Cap: ₹25.3K Cr
FY27 targets 9% Distribution Per Unit (DPU) growth, indicating healthy income growth. - Consumption growth assumption for FY27 is around 8%, reflecting sustained demand. - Net Operating Income (NOI) growth guidance around 7%, with potential upside from revenue share and mark-to-market rental revisions. - Leasing spreads expected to sustain at 18-20%, supported by limited near-term new Grade-A retail supply. - Re-leasing and strategic churn to contribute incremental NOI growth, with 1.3 to 1.5 million sq.ft. FY27 DPU (Distribution per Unit) growth targeted at 9%, with guidance of INR 9.8-10 per unit, up from INR 9.1 in FY26.
From Nexus Select Trust's Q4 FY26 earnings-call transcript · updated 30 Aug 2026.
Price
₹167
Market Cap
₹25.3K Cr
P/E Ratio
57.4
Revenue Rank
Margin Rank
How does Nexus Select Trust rank in Realty?
Compare Nexus Select Trust against every Realty company this quarter on revenue, margins and earnings-call signals.
Nexus Select Trust — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹652 Cr, net profit ₹12 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →FY27 targets 9% Distribution Per Unit (DPU) growth, indicating healthy income growth.
- →Consumption growth assumption for FY27 is around 8%, reflecting sustained demand.
- →Net Operating Income (NOI) growth guidance around 7%, with potential upside from revenue share and mark-to-market rental revisions.
- →Leasing spreads expected to sustain at 18-20%, supported by limited near-term new Grade-A retail supply.
- →Re-leasing and strategic churn to contribute incremental NOI growth, with 1.3 to 1.5 million sq.ft. of leasing activity expected annually.
- →Strong consumption momentum in key categories like jewellery, fashion, electronics, and entertainment driving volume and revenue growth.
- →Acquisition pipeline active with 2-3 new assets targeted annually, supporting inorganic growth.
- →Stable 97%+ portfolio occupancy supports robust revenue visibility.
- →Digital and experiential marketing initiatives expected to augment footfalls and consumption.
📈 Profitability & Margins
Rank 3- →FY27 DPU (Distribution per Unit) growth targeted at 9%, with guidance of INR 9.8-10 per unit, up from INR 9.1 in FY26.
- →NOI (Net Operating Income) growth guidance of 7% at midpoint, driven by:
- → - 4-4.5% contracted rental escalation.
- → - 2% mark-to-market (MTM) rental growth due to lease expiries and re-leasing spreads (~20%).
- → - Incremental revenue share from consumption growth assumed at ~8%.
- →Conservative guidance excludes acquisition impact; underlying model indicates potential 8-9% NOI growth.
- →Strong organic consumption momentum with retail consumption growth of 15% in FY26, supporting future profitability.
- →Portfolio expansion through strategic acquisitions expected to drive additional growth beyond guidance.
- →Continued focus on portfolio optimization and tenant mix to sustain healthy rental spreads (~18-20%).
🏗️ Capital Expenditure Plans
Yes- →Nexus Select Trust continues its inorganic growth strategy, aiming to add 2-3 assets every year to the portfolio.
- →They have introduced 3 strategic pillars for acquisitions:
- → - Strategic tie-ups with reputed developers for under-construction malls (e.g., partnership with Subodh Runwal Group for a 7 lakh sq ft mall in MMR).
- → - Strategic expansions within existing malls (e.g., bolt-on acquisition of 60,000 sq ft retail space in Nexus Elante complex, Chandigarh).
- → - Sponsor pipeline acquisitions, including the South City asset in Kolkata held since 2025.
- →Acquisition pipeline consists of 8 assets across India, with two under due diligence and the Diamond Plaza, Kolkata deal closing underway.
- →Focus on acquiring under-managed, under-leased, or under-invested assets to unlock value.
- →Plans to strengthen presence in Eastern India with acquisitions like Diamond Plaza and potential others.
- →Cap rates targeted for acquisitions typically range between 9-10%, maintaining a spread of 150-200 bps over trading cap rates.
- →No immediate capex figures disclosed; emphasis on strategic acquisitions and portfolio expansion over the coming years.
💰 Fundraising & Capital Structure
Yes- →No explicit mention of new fundraising through debt or equity in the provided transcript.
- →Current debt profile: LTV stands at 18%, cost of debt at 7.3%, which is 60 bps lower than March 2025.
- →Debt mix: Floating portion increased from 52% to 59%, primarily due to a Bajaj Finance loan taken to repay commercial papers.
- →Interest costs budgeted at 7.5% for FY27, with expected savings due to lower interest rates.
- →The Trust has a strong balance sheet with close to USD 1 billion debt headroom, well-positioned for inorganic growth.
- →Acquisition plans are ongoing with 8 assets in pipeline but no clear indication of specific new debt/equity raising.
- →Overall, prudent stance on acquisitions and financing amid rising interest rates; focus on maintaining a 150-200 bps spread between cap rates and acquisition cost of debt.
📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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Frequently Asked Questions
What were Nexus Select Trust Q4 FY26 results?
FY27 targets 9% Distribution Per Unit (DPU) growth, indicating healthy income growth. - Consumption growth assumption for FY27 is around 8%, reflecting sustained demand. - Net Operating Income (NOI) growth guidance around 7%, with potential upside from revenue share and mark-to-market rental revisions. - Leasing spreads expected to sustain at 18-20%, supported by limited near-term new Grade-A retail supply. - Re-leasing and strategic churn to contribute incremental NOI growth, with 1.3 to 1.5 million sq.ft. FY27 DPU (Distribution per Unit) growth targeted at 9%, with guidance of INR 9.8-10 per unit, up from INR 9.1 in FY26.
What is Nexus Select Trust share price analysis?
Nexus Select Trust currently shows a below-average growth signal. The stock trades at a P/E of 57.4 with a market cap of ₹25,276 Cr. Investors should review the full earnings analysis for detailed insights.
Is Nexus Select Trust planning capital expenditure?
Nexus Select Trust continues its inorganic growth strategy, aiming to add 2-3 assets every year to the portfolio.
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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.