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Mindspace Business Parks REIT

Q3 FY25Realty

Mindspace Business Parks REIT Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹495
Market cap₹32.6K Cr
P/E41.8
Updated23 Aug 2026
Read4 min read

The short version

The acquisition of Commerzone Raidurg, a top-class asset in prime CBD Madhapur, Hyderabad, is expected to add significant value and growth to Mindspace REIT's portfolio. - The acquisition adds Rs. The acquisition of Commerzone Raidurg adds Rs.

From Mindspace Business Parks REIT's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • The acquisition of Commerzone Raidurg, a top-class asset in prime CBD Madhapur, Hyderabad, is expected to add significant value and growth to Mindspace REIT's portfolio.
  • The acquisition adds Rs. 3 per unit to NAV and is DPU-accretive with an estimated distribution yield of 7.2%, higher than current yield.
  • Expected to generate healthy long-term returns and reinforce portfolio stability.
  • Pro forma FY 2025 NOI from the acquisition is Rs. 167 crores, implying an 8.2% growth to overall NOI.
  • Hyderabad portfolio footprint increases to approximately 15 million sq.ft, enhancing market leadership.

2 more points from Mindspace Business Parks REIT's call on revenue

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Profitability & Margins

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

Capital Expenditure Plans

  • There is pending CAPEX of approximately Rs. 20 to 21 crores related to payments for the built area (Page 8).
  • Typically, vendor payments retain up to 10% of final billing as a safeguard during the Defect Liability Period (DLP); retained amounts are released post-DLP (Page 9).
  • No specific mention of other future strategic investments or capital expenditures beyond this retention and pending CAPEX in the transcript provided.

Top-ranked in Realty

Ranked on what management guided this quarter

Guidance-ranked
1Sri Lotus Developers & Realty Ltd
Rev 1Mar 3
2Sobha
Rev 2Mar 1
3
Rev 2Mar 1
4
Rev 2Mar 1
5
Rev 2Mar 3
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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

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Order Book & Pipeline

The transcript provided from the Mindspace REIT conference call does not contain explicit information regarding the current or expected orderbook or pending orders. The discussion primarily focuses on: - Acquisition details of Commerzone Raidurg in Hyderabad. - Financial aspects such as CAPEX pending (~Rs. 20-21 crores related to retention payments during DLP period). - Rental income and support details. - Consolidation timeline and approvals pending for the acquisition.

2 more points from Mindspace Business Parks REIT's call on order book

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Mindspace Business Parks REIT — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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 Q3 FY25 results?

The acquisition of Commerzone Raidurg, a top-class asset in prime CBD Madhapur, Hyderabad, is expected to add significant value and growth to Mindspace REIT's portfolio. - The acquisition adds Rs. The acquisition of Commerzone Raidurg adds Rs.

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 41.8 with a market cap of ₹32,607 Cr. Investors should review the full earnings analysis for detailed insights.

Is Mindspace Business Parks REIT planning capital expenditure?

There is pending CAPEX of approximately Rs.

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