Nexus Select Trust enters Q1 FY27 riding the momentum of a tight premium retail market where Grade A+ mall vacancy remains at 2.6%. Investors will be watching for signs of sustained rental growth and the impact of the trust's recent full acquisition of EOPL on consolidated earnings.
| Results date | August 03, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 2,568.00 Cr |
| Previous quarter PAT | Rs. 403.47 Cr |
| Market cap | Rs. 25,306.56 Cr |
| CMP | Rs. 167.0 |
The board meeting is scheduled for August 03, 2026, to consider the audited financial results.
The trust's revenue trajectory is supported by a strong retail environment, evidenced by 15–20% YoY rental appreciation in Mumbai and a portfolio-wide occupancy rate of 97.2%. While the repo rate remained steady at 5.25% during the quarter, the ~75–80 bps decline in 10-year bond yields provides a potential tailwind for future refinancing costs as the trust manages its debt profile. Management commentary will address whether the 12.5% revenue growth rate achieved in FY26 is sustainable and if the 16.4% decline in FY26 PAT will normalize following the full acquisition of EOPL in May 2026. The upcoming call will focus on the Q1 FY27 distribution declaration and the impact of inflation on operating costs, which are typically passed through to tenants under gross-lease structures.
Operational and Financial Metrics: Key performance indicators to track for portfolio health.
Strategic Acquisitions and Valuation: Updates on asset consolidation and property valuation.
The trust reported consolidated revenue of Rs. 2,568.00 Cr for FY26, representing a 12.5% YoY growth. This performance was supported by a tight retail market where mall share of retail leasing rose to 43%.
Consolidated PAT fell 16.4% in FY26 compared to the previous year. This decline was driven by higher depreciation, finance costs, and SPV-level charges.
In May 2026, the trust exercised a call option to acquire the remaining 0.55% equity of EOPL for a consideration of Rs. 10.00 Cr. This move resulted in full ownership of the entity.
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