Board approves Q2 FY27 results; declares ₹23,024.83 per unit distribution and ₹11,78,000.60 NAV

PropShare Platina board outcome for the quarter and half year ended September 30, 2026.

Mon 12 Oct 2026

Distribution per unit

₹23,024.83 per unit declared for the quarter

Total distribution for the quarter

₹77.39 million

NAV per unit

₹11,78,000.60 per unit as at September 30, 2026

Distribution declared for the quarter

The board declared a distribution to unitholders of ₹23,024.83 per unit for the quarter ended September 30, 2026, which aggregates to ₹77.39 million.

• Of this, ₹4,138.91 per unit is in the form of interest payment.
• ₹18,885.92 per unit is in the form of repayment of debt.
• At the scheme of trust level, Net Distributable Cash Flows (NDCF) were 77.39 (Rs. Million) for the quarter, against 76.41 for the preceding quarter ended June 30, 2026.
• Including distribution from surplus cash reserve, NDCF was 77.39 for the quarter and 76.57 for the preceding quarter.

The larger part of the per-unit payout is a repayment of debt rather than an interest payment.

Net asset value

The board declared a Net Assets Value of ₹11,78,000.60 per unit as at September 30, 2026, based on a valuation report dated October 12, 2026.

• The statement of net assets at fair value shows net assets of 3,959.26 (Rs. Million) as at September 30, 2026, against 3,845.71 as at March 31, 2026, across 3,361 units.
• On a book value basis, NAV works out to 9,31,085.99 per unit as at September 30, 2026, against 9,68,893.19 as at March 31, 2026.
• Total assets were 3,129.86 at book value and 3,959.74 at fair value as at September 30, 2026.

Earnings snapshot (standalone)

• Other income, which forms the total income here, was 13.93 (Rs. Million) for the quarter ended September 30, 2026, against 15.10 in the preceding quarter and 18.78 in the corresponding quarter a year earlier.
• Total expenses were 0.77 (Rs. Million) for the quarter.
• Profit after tax was 13.16 (Rs. Million) for the quarter, 14.62 in the preceding quarter and 18.10 a year earlier.
• For the half year ended September 30, 2026, profit after tax was 27.78 (Rs. Million), against 37.20 a year earlier.
• Basic and diluted earnings per unit were 3,914.12 for the quarter (not annualised).

Total returns at fair value

• Total comprehensive income for the half year was 27.78 (Rs. Million).
• Adding changes in fair value not recognised of 208.12 (Rs. Million) gives total returns of 235.90 (Rs. Million) for the half year, against 380.80 for the year ended March 31, 2026.
• The fair values rest on the valuation report of the independent valuer appointed under the REIT Regulations, using a Discounted Cash Flow method.

Asset sale evaluation flagged by the auditor

The auditor's limited review report carries an Emphasis of Matter noting a proposal approved by the board of the Investment Manager on July 13, 2026 to evaluate the potential sale of the assets held under PropShare Platina, to assess commercial feasibility and maximise value for unitholders.

• The evaluation is described as preliminary in nature.
• Any decision to proceed with a sale would be subject to the applicable provisions of the SM REIT Regulations and requisite approvals.
• The board's approval is limited to evaluating the proposed sale and does not constitute approval for the sale or transfer of the assets.
• A second Emphasis of Matter notes the presentation of Unit Capital as Equity instead of as a compound financial instrument.

Other board items

• The board approved the Unaudited Standalone and Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2026, and noted the auditor's limited review report.
• The board approved the Unaudited Condensed Standalone and Unaudited Condensed Consolidated Financial Statements for the same period.
• M/s Varma & Varma, Chartered Accountants (Firm Registration No. 004532S) was approved as Internal Auditors for the financial year 2026-27.

How to read this

The update is a scheduled quarterly outcome. It carries a declared per-unit distribution, a declared per-unit NAV and the quarterly and half-yearly results. The auditor's review states that nothing came to its attention suggesting the standalone interim financial information is materially misstated; a review is not an audit. The asset-sale item is an approval to evaluate, and the auditor states it is not an approval of a sale.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.