BSENexus Select TrustLowNeutral
Announced Tue, 12 May · 16:46 IST

Nexus Select Trust has informed the Exchange regarding Disclosure of material issue

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nexus Select Trust (NXST) reported audited financial results for Q4 and FY ended March 2026. Total income for the year stood at ₹1,508.17 Crores, up 14.5% from ₹1,317.55 Crores in the prior year. Profit before tax increased 9% to ₹1,169.22 Crores, while profit for the year rose 9.3% to ₹1,168.43 Crores. Earnings per unit improved to ₹7.71 from ₹7.00. The Board declared a Q4 distribution of ₹346.33 Crores (₹2.286 per unit), comprising interest income (₹0.753/unit), dividend (₹1.28/unit), other income (₹0.008/unit), and SPV debt repayment (₹0.245/unit). Annual distribution for FY26 aggregates to ₹1,145.77 Crores (₹9.08/unit). NAV was declared at ₹164 per unit, significantly above the book value of ₹98.07 per unit. The trust also reported acquisitions of Garden City Malls (₹433.79 Crores) and Diamond Plaza Kolkata (₹347.50 Crores). Record date is May 15, 2026, with payment by May 22, 2026.

Likely market impact

Strong financial performance with 9-14% revenue and profit growth. The distribution yield of approximately 1.4% on current market price and a 67% premium of NAV over book value are positive indicators for unitholders. Completed acquisitions may support future income growth.