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Mindspace Business Parks REIT

Q1 FY27Realty

Mindspace Business Parks REIT Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 investor presentation: what the company reported on revenue, margins and projects.

Price₹505
Market cap₹33.5K Cr
P/E42.9
Updated24 Sept 2026
Read4 min read

Based on Mindspace Business Parks REIT's Q1 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q1 FY27 NOI (Net Operating Income) growth was 27.8% year-on-year (YoY) on a like-to-like basis. The presentation does not explicitly state EBITDA, operating margin, or Profit After Tax (PAT) figures for the quarter or any year-on-year changes.

From Mindspace Business Parks REIT's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Q1 FY27 NOI (Net Operating Income) growth was 27.8% year-on-year (YoY) on a like-to-like basis.
  • Committed occupancy stood strong at 95.8%.
  • Distribution Per Unit (DPU) increased by 15.2% YoY to INR 6.67 per unit.
  • Like-to-like NOI growth excludes assets acquired post Q1 FY26.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Mindspace Business Parks REIT said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Visible Sponsor Pipeline: ~10 msf total future expansion including key projects (Page 25)
  • Altimus, Mumbai: ~1.4 msf (Sponsor stake 0.7 msf), status unspecified
  • Juinagar, Navi Mumbai (Office + Data Centre): ~3.3 msf
  • Composite Development, Raidurg, Hyderabad: ~4.0 msf (Sponsor stake 2.4 msf)
  • Worli, Mumbai: 1.1 msf (Sponsor stake 0.7 msf)
  • Baner, Pune: ~2.85 msf (Sponsor stake 2.0 msf)
  • Balewadi, Pune: ~2.2 msf (Sponsor stake 1.6 msf)
  • Data Center Portfolio expansion (Page 20)
  • 5 Data Centres with ~1.7 msf footprint and 285 MW capacity (including 1.1 msf pre-leased)
  • Future development ongoing; higher operating yields expected

2 more points management made on capital expenditure plans

Top-ranked in Realty

Ranked on what management guided this quarter

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Mindspace Business Parks REIT said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not report any information on order book, order inflow, or pending orders. The document focuses on: - Mindspace REIT’s portfolio composition and tenant mix. - Governance framework and high corporate governance standards. - Financial performance metrics such as NOI growth, occupancy, and DPU. - Asset acquisitions, expansions, and development pipeline. - Debt and balance sheet management.

2 more points management made on order book & pipeline

Mindspace Business Parks REIT — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹890 Cr, net profit ₹209 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Mindspace Business Parks REIT's management said in earlier quarters

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Frequently Asked Questions

What were Mindspace Business Parks REIT Q1 FY27 results?

Q1 FY27 NOI (Net Operating Income) growth was 27.8% year-on-year (YoY) on a like-to-like basis. The presentation does not explicitly state EBITDA, operating margin, or Profit After Tax (PAT) figures for the quarter or any year-on-year changes.

What is Mindspace Business Parks REIT share price analysis?

Mindspace Business Parks REIT currently shows a neutral. The stock trades at a P/E of 42.9 with a market cap of ₹33,469 Cr. Investors should review the full earnings analysis for detailed insights.

Is Mindspace Business Parks REIT planning capital expenditure?

Visible Sponsor Pipeline: ~10 msf total future expansion including key projects (Page 25) - Altimus, Mumbai: ~1.4 msf (Sponsor stake 0.7 msf), status unspecified - Juinagar, Navi Mumbai (Office +

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.