Q2 FY27 results: distribution of ₹24,046.03 per Unit declared; NAV ₹10,77,010.31 per Unit

Board meeting held on October 12, 2026 for the quarter and half year ended September 30, 2026.

Mon 12 Oct 2026

Distribution per Unit

₹24,046.03 per Unit

NAV per Unit

₹10,77,010.31 per Unit as at September 30, 2026

Profit after tax (quarter)

Rs. 51.73 million

Quarterly results and distribution announced

The Board of the Investment Manager met on October 12, 2026 and approved the unaudited standalone and consolidated financial results of the scheme for the quarter and half year ended September 30, 2026, along with the unaudited condensed standalone and consolidated financial statements for the same period. The auditor's limited review report on the results was noted.

The scheme is PropShare Titania, the second scheme of Property Share Investment Trust, and the results are for the quarter and half year ended September 30, 2026.

Distribution to unitholders

• A distribution of ₹24,046.03 per Unit has been declared, which aggregates to ₹107.29 million for the quarter ended September 30, 2026.
• The distribution has two components: ₹11,696.78 per Unit in the form of interest payment and ₹12,349.25 per Unit in the form of repayment of debt. The update describes these two parts separately, so the interest portion and the repayment-of-debt portion are not the same kind of payout.
• In the statement of changes in unitholder's equity, distribution classified as repayment of capital during the half year was 104.56 (Rs. Million), taking the cumulative balance to (187.98) (Rs. Million) as at September 30, 2026.

Net Asset Value

• NAV per Unit is ₹10,77,010.31 as at September 30, 2026, declared based on a valuation report dated October 12, 2026 issued by Kzen Valtech Private Limited, represented by Mr. Sachin Gulaty.
• The scheme had 4,462 units outstanding.
• Net assets at fair value were 4,805.62 (Rs. Million) as at September 30, 2026, against 4,802.68 (Rs. Million) as at March 31, 2026.
• The fair value of investment in SPVs was 4,753.96 (Rs. Million) as at September 30, 2026.

Earnings for the period

• Interest income was 52.31 (Rs. Million) for the quarter ended September 30, 2026, compared with 52.99 (Rs. Million) in the preceding quarter and 35.70 (Rs. Million) in the corresponding quarter ended September 30, 2025.
• Total income equalled interest income at 52.31 (Rs. Million) for the quarter and 105.30 (Rs. Million) for the half year.
• Other expenses were 0.58 (Rs. Million) for the quarter.
• Profit before tax and profit after tax were both 51.73 (Rs. Million) for the quarter and 104.35 (Rs. Million) for the half year.
• Basic and diluted earnings per unit were 11,593.95 (in Rs.) for the quarter and 23,386.37 (in Rs.) for the half year, not annualised.
• Total returns at fair value for the half year were 164.16 (Rs. Million), comprising total comprehensive income of 104.35 (Rs. Million) and changes in fair value not recognised of 59.81 (Rs. Million).

Cash flows and distributable cash

• Net Distributable Cash Flows at the scheme of trust level were 107.29 (Rs. Million) for the quarter ended September 30, 2026, against 106.13 (Rs. Million) in the preceding quarter ended June 30, 2026 and 63.47 (Rs. Million) in the corresponding quarter ended September 30, 2025.
• Cash flows received from SPVs, which represent distributions of NDCF, were 108.09 (Rs. Million) for the quarter.
• Cash flows from operating activities of the scheme were (0.85) (Rs. Million) for the quarter.
• Distribution to unitholders in the cash flow statement for the half year was 211.09 (Rs. Million). Cash and cash equivalents at the end of the half year were 17.07 (Rs. Million).

Other decision

• M/s Varma & Varma, Chartered Accountants, has been approved as Internal Auditors of the scheme for the financial year 2026-27.

What a unitholder can take away

• Two numbers are usually watched after such a update: the distribution declared per Unit and the declared NAV per Unit. Here they are ₹24,046.03 per Unit for the quarter and ₹10,77,010.31 per Unit as at September 30, 2026.
• The distribution is split between an interest payment and a repayment-of-debt component, and the update states both parts separately, so a reader can see how much of the payout is each.
• The results carry an auditor's limited review report, and the figures are described in the update as unaudited.

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