Ndr Invit Trust · NSE:NDRINVIT
Ndr Invit Trust — Q2 FY2025-26 Earnings Presentation
36 slides from Ndr Invit Trust's earnings presentation, Nov 18, 2025
Slide 1: Investor Presentation Q2 FY 2025-26
INVESTOR PRESENTATION Q2 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 Tradehouse Pune has been awarded the EDGE Advanced Certification on 27th August 2025. This milestone marks the beginning of our journey toward smarter, greener and truly sustainable Infrastructure. 03 www.ndrinvit.com www.ndrinvit.com
Slide 4: Q2 FY26 Performance
Q2FY26 Q2FY25 Q1FY26 FY25 YOY GROWTH Q2FY26 PERFORMANCE 1,036 751 1,016 3,241 38.00% Revenue (INR in Mn) Revenue (INR in Mn) Revenue (INR in Mn) Revenue (INR in Mn) Revenue 950 657 946 2,959 44.55% EBITDA (INR in Mn) EBITDA (INR in Mn) EBITDA (INR in Mn) EBITDA (INR in Mn) EBITDA 1.825 1.750 1.825 7
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 16.85% 40.40% National Bank for Financing Infrastructure and International Finance Corporation (IFC) Development (NaBFID) Sustainability Linked Bond (SLB) 23.18% • Principal Amount – INR 7,450 mn • Principal Amount – INR 6,300 mn • Coupon - 8.10% • C
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 7.33% 3. Bilaspur 9.38% EAST ZONE 1 South West 4. Kolkata 2 North East WEST ZONE 3 24.09% 59.20% 5. Surat 6. Mumbai 7. Pune 8. Chhatrapati Sambhaji Nagar 9. Goa 4 SOUT
Slide 9: Diversified and High-Quality Tenant Base
Diversified and High-Quality Tenant Base Top 10 customers contribute 32% of Gross Rentals Industry Contribution Revenue Contribution (% of Total Area mn sq.ft.) (% of Total Revenue) Industry % Area % Rental Logistics and 3 PL 44 43 1% 1% 2% Retail 10 10 3% 6% 1% 1% 7% Home Appliances 11 10 6% 6% Aut
Slide 10: Portfolio Overview
Portfolio Overview 7 Total area by Location (in mn sq. ft.) Under Construction /Future Development 0.5 (in mn sq. ft.) 6 0.4 0.3 5 0.2 0.1 0 4 Sohna Chennai Goa Bengaluru Sri City Delhi Sambhaji Nagar 3 2 1 0 10 www.ndrinvit.com www.ndrinvit.com
Slide 11: Financial Overview
FINANCIAL OVERVIEW 11 www.ndrinvit.com www.ndrinvit.com
Slide 12: Q2 FY26 – Q2 FY25 Highlights
Q2 FY26 – Q2 FY25 Highlights FINANCIAL Operating Revenue EBITDA* Distribution (Per Unit) Net Asset Value (NAV) (per unit) Q2FY26 Q2FY26 Q2FY26 Q2FY26 INR 1,036 mn INR 950 mn INR 723 mn INR 133.75 38% YOY Growth 45% YOY Growth 7% YOY Growth 4% YOY Growth 1 Q2FY25 Q2FY25 Q2FY25 Q2FY25 INR 751 mn INR 6
Slide 13: Trend Analysis
Trend Analysis Revenue (INR mn.) Operating EBITDA (INR mn.) Occupancy (~%) 910.60 99.00 878.54 1,015.59 1,036.05 823.04 945.38 697.27 98.00 98.00 98.00 98.00 751.77 750.75 793.20 647.33 619.37 96.00 FY 25 Q1 FY 25 Q2 FY 25 Q3 FY 25 Q4 FY 26 Q1 FY 26 Q2 FY 25 Q1 FY 25 Q2 FY 25 Q3 FY 25 Q4 FY 26 Q1 FY
Slide 14: Profit & Loss Statement (in INR mn)
Profit & Loss Statement (in INR mn) QUARTER ENDED HALF YEAR ENDED YEAR ENDED Particulars Q2 FY26 Q2 FY25 Q1 FY26 H1 FY26 H1 FY25 MARCH 31, 2025 Revenue from Operations 1,036.05 750.75 1,015.59 2,051.56 1,502.52 3,241.10 Gain on investments 29.53 3.23 60.46 89.99 3.70 76.21 Interest income 7.74 4.19
Slide 15: Commenting on the Performance
Commenting on the Performance As we progress through another strong quarter in our 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 growth, and efficient
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) 24 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 With over 16 years of Mr. Rajan is a former Ms. Ja
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: Assets Under Right of First Offer (ROFO)
Assets Under Right of First Offer (ROFO) Total area (in mn sq. ft.) by Zone and ROFO Name SOUTH NORTH EAST WEST No. of ROFO by City Name and Zone 3 2 1 0 City Area in Mn. Sq.ft Chennai 1.50 Hosur 2.00 Coimbatore 0.60 Kochi 0.45 Kanpur 0.50 Lucknow 0.90 Kolkata 1.00 Hyderabad 0.80 Pune 0.80 Ghaziabad
Slide 22: Assets Under Management
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)
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
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)
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
Assets Under Management NORTH ZONE TOTAL AREA 1.80 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)
Assets Under Right of First Offer (ROFO) NORTH ZONE LOCATION Ghaziabad , Lucknow and Kanpur 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
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)
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 , Delhi and Chhatrapati Sambhaji Nagar Actual Photos 30 www.ndrinvit.com www.ndrinvit.com
Slide 31: Enterprise Risk Management – Monitoring & Q2 Update
Enterprise Risk Management – Monitoring & Q2 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. across key sites to support
Slide 34: A Day of Support and Gratitude at Girija Home
A Day of Support and Gratitude at Girija Home ACTIVITY On 4th September, our CSR team visited Girija Home, an old-age home and orphanage in Mumbai. We distributed laptops and school bags to children to support their education, and provided warm clothes, medicines, bedsheets, and ceiling fans for 60
Slide 35: Community Welfare Initiative – Festive Outreach
Community Welfare Initiative – Festive Outreach ACTIVITY On 29th September 2025, NASDA Infra Pvt. Ltd., under the flagship of NDR InvIT Trust, organized a CSR drive during the Durga Puja festival to support underprivileged communities. The team distributed 204 sarees among the residents of Haturia R
Slide 36: 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