Reported Earnings • Jul 06Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹2.66 (down from ₹3.19 in FY 2025). Revenue: ₹25.7b (up 12% from FY 2025). Net income: ₹4.03b (down 16% from FY 2025). Profit margin: 16% (down from 21% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Retail REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Announcement • Jul 06Nexus Select Trust, Annual General Meeting, Jul 29, 2026Nexus Select Trust, Annual General Meeting, Jul 29, 2026, at 14:00 Indian Standard Time.
New Risk • May 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.