NDR InvIT declares Rs 2 quarterly distribution, up from Rs 1.94

NDR InvIT Trust declared a Rs 2 per-unit distribution for the quarter ended September 30, 2026, increasing the payout from Rs 1.94 in the prior quarter, with Rs 91.608 crore proposed for unitholders. The November 3, 2026 declaration combines interest, return of capital, dividend and profit from mutual-fund sales.

What distribution did NDR InvIT declare for September 2026?

NDR InvIT declared Rs 2 per unit on November 3, 2026, Rs 0.06 above the Rs 1.94 per unit declared on August 14, 2026. The board of its investment manager approved the distribution along with unaudited standalone financial results for the quarter and half year ended September 30, 2026.

The proposed aggregate distribution is Rs 91.608 crore for the September 2026 quarter. This is higher than the Rs 88.86 crore distribution declared in August 2026 and the Rs 87.943 crore declared in May 2026, reflecting both the higher per-unit amount and the expanded unit base.

The Rs 2 per-unit declaration is the highest quarterly amount in NDR InvIT's disclosed distribution history. Its first payout, covering 53 days from the February 8, 2024 acquisition date to March 31, 2024, was Rs 1 per unit; subsequent regular quarterly distributions rose from Rs 1.75 in 2024 to Rs 1.80, Rs 1.83, Rs 1.88, Rs 1.92 and Rs 1.94 before the latest declaration.

What are the components of NDR InvIT's Rs 2 payment?

NDR InvIT's Rs 2 distribution consists of Rs 0.83 per unit of interest, Rs 0.80 of return of capital, Rs 0.21 of dividend and Rs 0.16 of profit from the sale of mutual funds. Interest is the largest identified component, exceeding the return-of-capital component by Rs 0.03 per unit.

Interest and dividend together account for Rs 1.04 per unit, while the return-of-capital and mutual-fund-sale-profit elements account for Rs 0.96 per unit. The filing says all four components are subject to applicable taxes and does not state an after-tax amount for individual unitholders.

NDR InvIT calculates distributions with reference to net distributable cash flows, or NDCF, under Securities and Exchange Board of India InvIT regulations. The trust reported NDCF of Rs 98.803 crore for the quarter ended September 30, 2026, compared with Rs 74.461 crore in the June 2026 quarter and Rs 59.258 crore in the September 2025 quarter.

When will NDR InvIT pay the Rs 2 distribution?

NDR InvIT fixed Friday, November 6, 2026 as the record date and said the distribution will be paid on or before Monday, November 16, 2026. Eligibility for the payment is determined by the record date set by the trust.

The preceding Rs 1.94 distribution was declared on August 14, 2026 and paid on August 25, 2026. For the latest declaration, NDR InvIT has set a payment deadline 10 calendar days after the November 6 record date.

NDR InvIT is required to distribute at least 90% of NDCF in each quarter under the applicable InvIT regulations. The filing states that Rs 88.86 crore distributed during the September 2026 quarter represented more than 90% of that quarter's distributable cash flows, while the Rs 2 per-unit declaration was made after the quarter ended.

How did NDR InvIT's September-quarter results change?

NDR InvIT reported standalone profit after tax of Rs 41.652 crore for the quarter ended September 30, 2026, compared with Rs 36.848 crore in the June 2026 quarter and Rs 24.972 crore in the September 2025 quarter. Revenue from operations rose to Rs 75.821 crore, from Rs 69.034 crore sequentially and Rs 50.546 crore a year earlier.

Total income reached Rs 81.546 crore in the September 2026 quarter, against Rs 76.012 crore in June 2026, while finance costs increased marginally to Rs 36.461 crore from Rs 36.244 crore. Profit before tax was Rs 44.266 crore, compared with Rs 39.297 crore in the preceding quarter, and current tax was Rs 3.857 crore versus Rs 0.796 crore.

For the half year ended September 30, 2026, NDR InvIT reported standalone profit after tax of Rs 78.499 crore, compared with Rs 54.182 crore in the corresponding prior-year period. Cash flows received from special purpose vehicles, or SPVs, were Rs 234.896 crore in the half year, up from Rs 163.630 crore a year earlier, while half-year NDCF rose to Rs 173.265 crore from Rs 122.371 crore.

What acquisitions and capital deployment did NDR InvIT disclose?

NDR InvIT acquired 100% of Sai Sankalpa Infra Projects Private Limited during the September 2026 quarter for Rs 66.02 crore payable in cash. In the June 2026 quarter, it acquired 100% of NDR Space Private Limited for Rs 80.26 crore, financed through Rs 46.872 crore in cash and 24,58,591 units valued at Rs 33.388 crore.

Unit capital increased by Rs 829.564 crore to Rs 4788.605 crore between March 31, 2026 and September 30, 2026. The number of units rose to 45,80,39,043 from 39,60,12,214 at the start of the half year, following the issue of 6,20,26,829 units during the period.

NDR InvIT reported Rs 115.30 crore of unutilised unit-issue proceeds at September 30, 2026, temporarily invested in mutual funds pending deployment. It also said unutilised proceeds from non-convertible debenture, or NCD, issues had been fully deployed by September 30 after Rs 361.561 crore was used for acquisitions, capital expenditure and refinancing of debt of acquired entities.

The investment manager's board approved a conversion from a privately listed InvIT to a publicly listed InvIT through a fresh issue and offer for sale on June 26, 2026. Unitholders approved the offer by postal ballot on July 17, 2026, and NDR InvIT filed it with the Securities and Exchange Board of India on August 10, 2026, subject to necessary approvals.

Conclusion

NDR InvIT's Rs 2 per-unit declaration increases its quarterly payout from Rs 1.94 and follows September-quarter NDCF of Rs 98.803 crore and standalone profit after tax of Rs 41.652 crore. The payment is not solely an interest distribution: Rs 0.80 per unit is return of capital, while dividend and mutual-fund-sale profit together contribute Rs 0.37 per unit.

The immediate dates to watch are the November 6, 2026 record date and payment due on or before November 16, 2026. Beyond the payment, NDR InvIT has Rs 115.30 crore of unit-issue proceeds awaiting deployment, while its planned public listing conversion remains subject to necessary approvals.