Ndr Invit Trust · NSE:NDRINVIT
Ndr Invit Trust — Q3 FY2025-26 Earnings Presentation
35 slides from Ndr Invit Trust's earnings presentation, Feb 13, 2026
Slide 1: Investor Presentation Q3 FY 2025-26
INVESTOR PRESENTATION Q3 FY 2025-26 www.ndrinvit.com www.ndrinvit.com
Slide 2: Safe Harbour
Safe Harbour Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Trust's operations include change
Slide 3: New Milestone
New Milestone We’re proud to share that NDR Svahgraha SriCity has been awarded the EDGE Advanced Certification on 06th November 2025. This milestone marks another step forward in our journey toward smarter, greener, and truly sustainable infrastructure. 03 www.ndrinvit.com www.ndrinvit.com
Slide 4: Q3 FY26 Performance Overview
Q3FY26 PERFORMANCE Q3FY26 Q3FY25 Q2FY26 FY25 YOY GROWTH 1,059 793 1,036 3,241 33.5% Revenue (INR in Mn) Revenue (INR in Mn) Revenue (INR in Mn) Revenue (INR in Mn) Revenue 960 716 950 2,959 34.1% EBITDA (INR in Mn) EBITDA (INR in Mn) EBITDA (INR in Mn) EBITDA (INR in Mn) EBITDA 1.875 1.750 1.825 7.0
Slide 5: Competitive Edge
Competitive Edge PERPETUAL CASH FLOW STRONG RISK MANAGEMENT CONSISTENTLY HIGH OCCUPANCY RATES India’s first perpetual Warehousing and Under Construction and Future Development Achieved high occupancy levels at ~99%, the Industrial Park InvIT assets are ~10%* of the overall portfolio highest amongst
Slide 6: Business Highlights
BUSINESS HIGHLIGHTS NDR InviT TRUST
Slide 7: Ownership Structure and Bond Holders
Ownership Structure and Bond Holders Unit Holding 36.64% 40.40% National Bank for Financing Infrastructure and International Finance Corporation (IFC) Development (NaBFID) Sustainability Linked Bond (SLB) • Principal Amount – INR 7,450 mn • Principal Amount – INR 6,300 mn • Coupon - 8.10% • Coupon -
Slide 8: Regional Reach in High-Growth Markets
Regional Reach in High-Growth Markets Presence in Major Consumption & Production Hubs Area Contribution NORTH ZONE 1. Delhi 2. Sohna 7.16% 3. Bilaspur 4. Lucknow 11.49% 1 South West EAST ZONE 5. Kolkata 2 3 North East 4 58.01% 23.34% WEST ZONE 6. Surat 7. Mumbai 8. Pune 5 9. Chhatrapati Sambhaji Nag
Slide 9: Diversified and High-Quality Tenant Base
Diversified and High-Quality Tenant Base Top 10 customers contribute 31% of Gross Rentals Industry Contribution Revenue Contribution Industry Area% Revenue% (% of Total Area mn sq.ft.) (% of Total Revenue) Logistics and 3 PL 41 43 Home Appliances 13 11 1% 1% 1% 7% 6% 1% 1% Auto & Industrial 12 15 6%
Slide 10: Portfolio Overview
Portfolio Overview 7.00 Total area by Location (in mn sq. ft.) Under Construction /Future Development 0.5 (in mn sq. ft.) 6.00 0.4 0.3 5.00 0.2 0.1 0 4.00 Sohna Chennai Goa Bengaluru Sri City Delhi Sambhaji Nagar 3.00 2.00 1.00 - 10 www.ndrinvit.com www.ndrinvit.com
Slide 11: Financial Overview
FINANCIAL OVERVIEW www.ndrinvit.com www.ndrinvit.com
Slide 12: Q3 FY26 Highlights
Q3 FY26 – Q3 FY26 Highlights FINANCIALS Operating Revenue EBITDA* Distribution Net Asset Value (NAV) (per unit) Q3FY26 Q3FY26 Q3FY26 Q3FY26 INR 1,059 mn INR 960 mn INR 743 mn INR 135.23 33.5% YOY Growth 34.1% YOY Growth 10.2% YOY Growth 6.2% YOY Q3FY25 Q3FY25 Q3FY25 Q3FY25 INR 793mn INR 716 mn INR 6
Slide 13: Trend Analysis
Trend Analysis Revenue (INR mn.) Operating EBITDA (INR mn.) Occupancy (~%) 910.60 932.14 99.00 99.00 1,015.59 1,036.05 1,058.94 878.54 823.04 945.38 697.27 98.00 98.00 98.00 98.00 793.20 751.77 750.75 619.37 647.33 96.00 FY 25 Q1 FY 25 Q2 FY 25 Q3 FY 25 Q4 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 25 Q1 FY 25 Q
Slide 14: Profit & Loss Statement (in INR mn)
Profit & Loss Statement (in INR mn) QUARTER ENDED NINE MONTHS ENDED YEAR ENDED Particulars Q3 FY26 Q3 FY25 Q2 FY26 DEC 31st FY25 DEC 31st FY24 MARCH 31, 2025 Revenue from Operations 1,058.94 793.20 1,036.05 3,110.58 2,295.72 3,241.10 Gain on investments 21.11 3.67 29.53 111.11 7.37 76.21 Interest in
Slide 15: Commenting on the Performance
Commenting on the Performance As we progress through another strong quarter in our third quarter of the second year as an InvIT, we continue to demonstrate operational resilience and financial discipline. Our portfolio performance remains robust, supported by healthy occupancy levels, steady rental
Slide 16: Annexure
ANNEXURE ae os i NDR InviT TRUST
Slide 17: Key Milestones
Key Milestones 2011 2025 $100 mn investment by a US based global • NCDs Issuances of INR 6,300 mn and private equity firm with $90+ bn in AUM INR 7,450 mn to IFC, and NaBFID respectively, 2007 • Acquisition of 2.01 mn sq.ft Assets, ~$7 mn investment by Kotak Alternatives Issuance of Preferential Uni
Slide 18: NDR InvIT Structure
NDR InvIT Structure N D R Ware Housing Pvt. Ltd. Unitholders / Investors (Sponsor) (Investment Managers) (Trustee) (Project Manager) 25 SPVs 1 SPV (100% Owned) (74% Owned) 18 www.ndrinvit.com www.ndrinvit.com
Slide 19: Strong & Experienced Board
Strong & Experienced Board NAIDU AMRUTESH RAMDAS RITESH VOHRA M.S. SUNDARA BRINDA JAGIRDAR G.K. RAVISHANKAR REDDY RAMAKRISHNAN Director RAJAN Independent Director Independent Director Director IYER Independent Director Director With over 24 years of Mr. Rajan is a former Dr Brinda Jagirdar is a seni
Slide 20: Management Team
Management Team KRISHNAN SANDEEP JAIN DALJIT SINGH NEHA CHOVATIA IYER SUBRAMANIAN Chief Financial Officer Marketing Director Company Secretary and Chief Executive Officer Compliance Officer Sandeep Jain is the Chief Daljit Singh is the Krishnan Iyer Subramanian Financial Officer of the Marketing Dir
Slide 21: Presence Across 12 Indian Cities With Development Potential Of 13+ msf
Sponsor anchored ROFO pipeline of 26 Assets to drive growth (All values in msf) No. of Region City FY27 FY28 FY29 Total ware-houses Presence Across 12 Indian Cities With Development Potential Of 13+ msf NCR 1 / 0.2 Chennai 1.4 1.9 1.3 4.5 8 Bangalore - 0.5 1.4 1.9 4 Kanpur 2 / 0.9 Hosur - - 0.9 0.9
Slide 22: Assets Under Management - South Zone
Assets Under Management SOUTH ZONE TOTAL AREA 10.99 mn sq.ft. PROPERTIES Include mix of Built-to-Suit, Under-Construction, and ready facilities across key South Zone Consumption and Production markets. SECTOR DIVERSIFICATION Catering diverse sectors including Logistics & 3PL, E- Com, FMCG, Automotiv
Slide 23: Assets Under Right of First Offer (ROFO) - South Zone
Assets Under Right of First Offer (ROFO) SOUTH ZONE LOCATION Hosur, Coimbatore, Kochi , Chennai and Hyderabad PROPERTIES Include mix of Built-to-Suit, Under-Construction, and ready facilities across key South Zone Consumption and Production markets. SECTOR DIVERSIFICATION Catering diverse sectors in
Slide 24: Assets Under Management - West Zone
Assets Under Management WEST ZONE TOTAL AREA 5.02 mn sq.ft. PROPERTIES Include mix of Built-to-Suit and ready facilities across key West Zone Consumption and Production markets. SECTOR DIVERSIFICATION Major locations across west zone strategically position us in high-growth industrial and logistics
Slide 25: Assets Under Right of First Offer (ROFO) - West Zone
Assets Under Right of First Offer (ROFO) WEST ZONE LOCATION Pune PROPERTIES Include a mix of Built-to-Suit, Under-Construction, and Ready facilities across key West Zone Consumption and Production markets, serve diverse sectors, including Automotive, Agriculture, and Industrial. STRATEGIC LOCATIONS
Slide 26: Assets Under Management - North Zone
Assets Under Management NORTH ZONE TOTAL AREA 2.26 mn sq.ft. Properties Include mix of Built-to-Suit and ready facilities across key North Zone Consumption markets. Sector Diversification Catering diverse sectors including Logistics & 3PL, FMCG, Automotive & Industrial, Consumer Durables, Electronic
Slide 27: Assets Under Right of First Offer (ROFO) - North Zone
Assets Under Right of First Offer (ROFO) NORTH ZONE LOCATION Ghaziabad, Kanpur and Lucknow Properties Include mix of Built-to-Suit and ready facilities across key North Zone Consumption markets. Sector Diversification Catering diverse sectors including Logistics & 3PL, FMCG, Automotive & Industrial,
Slide 28: Assets Under Management - East Zone
Assets Under Management EAST ZONE TOTAL AREA 1.41 mn sq.ft. Properties Fully leased assets located in key Consumption and Production markets. Sector Diversification Catering diverse sectors including Logistics & 3PL, E- Com, FMCG, Automotive & Industrial, Consumer Durables, Electronics and others. N
Slide 29: Assets Under Right of First Offer (ROFO) - East Zone
Assets Under Right of First Offer (ROFO) EAST ZONE Location Kolkata Properties Include a mix of Under- Construction, and Ready facilities across key East Zone Consumption and Production markets, serve diverse sectors, including Automotive, Agriculture, and Industrial. Sector Diversification Strategi
Slide 30: Under Construction Assets Under InvIT
Under Construction Assets Under InvIT UNDER CONSTRUCTION & FUTURE DEVELOPMENT - ALL ZONES • Location: Goa, Chennai, Sri City , Bengaluru, Sohna Road, Delhi and Chhatrapati Sambhaji Nagar Actual Photos 30 www.ndrinvit.com www.ndrinvit.com
Slide 31: Enterprise Risk Management – Monitoring & Q3 Update
Enterprise Risk Management – Monitoring & Q3 Update INDUSTRY, BUSINESS AND INVESTMENT RISK AND PROJECT RISK FINANCIAL RISK MITIGATED VIA CONCENTRATION RISK MITIGATED VIA MITIGATED VIA Presence across India’s leading Consumption Competent personnel, Prudent Management and SPV Debt replaced with long
Slide 32: Sustainability Development Goals - NDR Initiatives
Sustainability Development Goals - NDR Initiatives Environmental Responsibility Social Responsibility Governance KEY INITIATIVES KEY INITIATIVES KEY INITIATIVES • Enhancing efficiency in resource management • Fostering a safe and secure workplace for employees and • Adoption and implementation of En
Slide 33: Environment Initiatives
Environment Initiatives Green Energy Push: Rainwater Harvesting EDGE-Certified Warehouses Solar Power Rollout NDR begins solar installations, advancing Implementing rainwater harvesting systems EDGE Advanced certification honors buildings sustainable infrastructure goals and a path across key sites
Slide 34: Therapeutic Support Initiative – Jayam School
Therapeutic Support Initiative – Jayam School ACTIVITY As part of NDR’s CSR efforts, we supported Jayam School, a boarding-cum-day scholar institution in Ambattur, Chennai, that serves 102 children with autism, intellectual disabilities, Down syndrome, and other special needs, aged between 2 and 18
Slide 35: Thank You
THANK YOU NDR InvIT Trust, Ground Floor, KHIL House CTS No. 54, Village Bamanwada, Vile Parle (East), Mumbai - 400 099, Maharashtra, India T: +91 22 26101040 M: – compliance@ndrinvit.com www.ndrinvit.com