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Mindspace Business Parks REIT

Q3 FY26Realty

Mindspace Business Parks REIT Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 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 Q3 FY26 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

Revenue from Operations for Q3 FY26: INR 8,163 million, up 27.2% year-on-year (YoY) (Page 14, 15) - Net Operating Income (NOI) for Q3 FY26: INR 6,714 million, up 28.7% YoY (Page 14, 15) - Distribution EBITDA Q3 FY26: INR 6,503 Mn (Page 15) - Operating Margin (approximated from NOI and Revenue): - NOI: INR 6,714 Mn; Revenue: INR 8,163 Mn (Page 15) - Operating Margin ≈ 6,714 / 8,163 ≈ 82.3%

From Mindspace Business Parks REIT's Q3 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for Q3 FY26: INR 8,163 million, up 27.2% year-on-year (YoY) (Page 14, 15)
  • Net Operating Income (NOI) for Q3 FY26: INR 6,714 million, up 28.7% YoY (Page 14, 15)
  • Distributions for Q3 FY26: INR 3,780 million, up 19.8% YoY; Distribution per Unit (DPU): 5.83 INR/unit, up 9.6% YoY (Pages 5, 14, 16)
  • Revenue growth driven by rental growth, lease rent escalations, and acquisitions (Page 53)

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

  • Balance Construction Capex: INR 39,685 Mn (as of 31-Dec-25), including ongoing, future, recently completed projects, upgrades, fit-out/general development.
  • Mindspace Madhapur (1A-1B Re-development), Hyderabad:
  • Leasable area: 1.5 msf
  • Status: 21st and 22nd floor slab under progress
  • Estimated Completion: Q1 FY27
  • Balance cost: INR 3,606 Mn
  • 100% pre-leased to GCC
  • Mindspace Madhapur (7/8 Re-development), Hyderabad:
  • Leasable area: 1.6 msf
  • Status: 13th floor slab work in progress

2 more points management made on capital expenditure plans

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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 Mindspace REIT Q3 FY26 Investor Presentation does not explicitly report details about order book, order inflow, or pending orders. The presentation primarily covers the following areas: - Financial performance including revenue, distribution, and operating income. - Shareholding pattern and investor base. - ESG highlights and sustainability initiatives. - Portfolio details including office leasable areas and occupancy. - Debt profile, cost of debt, and leverage ratios.

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 Q3 FY26 results?

Revenue from Operations for Q3 FY26: INR 8,163 million, up 27.2% year-on-year (YoY) (Page 14, 15) - Net Operating Income (NOI) for Q3 FY26: INR 6,714 million, up 28.7% YoY (Page 14, 15) - Distribution EBITDA Q3 FY26: INR 6,503 Mn (Page 15) - Operating Margin (approximated from NOI and Revenue): - NOI: INR 6,714 Mn; Revenue: INR 8,163 Mn (Page 15) - Operating Margin ≈ 6,714 / 8,163 ≈ 82.3%

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?

Balance Construction Capex: INR 39,685 Mn (as of 31-Dec-25), including ongoing, future, recently completed projects, upgrades, fit-out/general development.

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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.