Knowledge Realty Trust Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹48,422 Cr
- P/E
- 77.20
- ROE
- 1.67%
- PEG
- 4.25
- Price to sales
- 11.28
- Debt to equity
- 0.29
- 52W high / low
- ₹128 / ₹109
- EBITDA margin
- 81.71%
- Net profit margin
- 11.84%
- Sales (last year)
- ₹4,290 Cr
Knowledge Realty Trust is an office Real Estate Investment Trust (REIT) in India, backed by Blackstone and Sattva Group, with a portfolio of 46.3 msf of operational and under-construction office assets spread across six locations in India, including Hyderabad, Mumbai, and Bengaluru.[1]
Guidance scorecard · Q1 FY27 call
What Knowledge Realty Trust's management guided
and where it ranks in Realty
Realty
RevenueQ1 FY27 call
10–20%- Strong embedded growth potential from escalations, occupancy ramp-up, under-construction asset delivery, and mark-to-market upsides.
- Existing portfolio approximately 25% below market rents, providing organic growth opportunity.
- New assets: 1.4 million sq. ft. development in Bangalore (Global City) due in FY29.
- Four ROFO assets (~6 million sq. ft.) from Sattva in Bangalore, Chennai, Pune expected around FY29.
- Image Tower in HITEC City, Hyderabad (~1.6 million sq. ft.) completing construction next year for potential FY27 addition.
- Expect continuous healthy leasing momentum, with 1.4 million sq. ft. leased in Q1 FY27 alone.
- New leasing efforts with annual escalations (~93% leases signed with annual escalations) supporting compounding rental growth.
2 more points from Knowledge Realty Trust's call on revenue
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MarginsQ1 FY27 call
FlatSee what Knowledge Realty Trust said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Knowledge Realty Trust has a 1.4 million square foot development underway in Bangalore's Global City, expected to be delivered in FY29.
- There are four ROFO (Right of First Offer) assets totaling 6 million square feet across Bangalore (2 assets), Chennai, and Pune expected around FY29.
- Image Tower, a 1.6 million square foot asset in HITEC City, Hyderabad, is under construction and expected to be delivered in FY27; it will be offered to the REIT.
- The REIT is actively exploring and expects third-party acquisition opportunities in the next 12 to 24 months to drive growth.
2 more points from Knowledge Realty Trust's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Knowledge Realty Trust said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Strong leasing momentum with 93% committed occupancy, expected to increase to 94%-95% by FY27 end.
- Active efforts in leasing under-construction assets with positive traction in key markets.
- Multiple large lease discussions underway for expiring leases, securing long-term tenancy.
- Pipeline includes 1.4 million sq. ft. development in Bangalore (Global City) expected to be delivered by FY29.
- Four "Right of First Offer" (ROFO) assets totaling about 6 million sq. ft. targeted for acquisition around FY29.
2 more points from Knowledge Realty Trust's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
- Sobha LtdGood growth2
- Strong growth1
- Man Infraconstruction LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Realty companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹12,035 Cr | 41.1 | |
| 2 | Sobha Ltd | 20–40% | Up 2%+ | ₹12,548 Cr | 54.4 |
| 3 | Man Infraconstruction Ltd | 20–40% | Up 2%+ | ₹4,602 Cr | 21.2 |
| 4 | 20–40% | Up 2%+ | ₹1,157 Cr | 12.7 | |
| 5 | 20–40% | Flat | ₹1.06L Cr | 25.6 | |
| 6 | 20–40% | Flat | ₹61,922 Cr | 23.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Realty rankingKnowledge Realty Trust announcements
All announcements →- Fundraise / allotmentNotableKnowledge Realty Trust approves raising up to ₹1000 crore via debentures issuance
Financials of Knowledge Realty Trust
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Knowledge Realty Trust
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|
| Sales + | 671 | 1,179 | 1,197 |
| Expenses + | 131 | 218 | 240 |
| Operating Profit | 541 | 961 | 956 |
| OPM % | 81% | 82% | 80% |
| Other Income + | 31 | 25 | 19 |
| Interest | 198 | 248 | 236 |
| Depreciation | 239 | 405 | 407 |
| Profit before tax | 135 | 333 | 333 |
| Tax % | 54% | 38% | 68% |
| Net Profit + | 63 | 206 | 107 |
| EPS in Rs | 0.14 | 0.47 | 0.24 |
Financials of Knowledge Realty Trust
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2026 | |
|---|---|---|---|
| Sales + | 2,900 | 3,339 | 3,047 |
| Expenses + | 622 | 761 | 589 |
| Operating Profit | 2,278 | 2,578 | 2,457 |
| OPM % | 79% | 77% | 81% |
| Other Income + | 215 | 249 | 75 |
| Interest | 1,533 | 1,693 | 682 |
| Depreciation | 593 | 588 | 1,050 |
| Profit before tax | 367 | 547 | 800 |
| Tax % | 41% | 38% | 53% |
| Net Profit + | 218 | 336 | 375 |
| EPS in Rs | 0.85 | ||
| Dividend Payout % | 0% | 0% | 0% |
Financials of Knowledge Realty Trust
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 44,199 | ||
| Reserves | -1,012 | ||
| Borrowings + | 12,363 | ||
| Other Liabilities + | 2,693 | ||
| Total Liabilities | 58,243 | ||
| Fixed Assets + | 55,878 | ||
| CWIP | 38 | ||
| Investments | 256 | ||
| Other Assets + | 2,070 | ||
| Total Assets | 58,243 |
Financials of Knowledge Realty Trust
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | 2,031 | ||
| Cash from Investing Activity + | 3,958 | ||
| Cash from Financing Activity + | -5,363 | ||
| Net Cash Flow | 627 | ||
| Free Cash Flow | 1,786 | ||
| CFO/OP | 94% |
Financials of Knowledge Realty Trust
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 25 | ||
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 25 | ||
| Working Capital Days | -114 | ||
| ROCE % |
Guidance history
How Knowledge Realty Trust's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
49 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −5.5% | 56% |
| Last 6 months | −8.4% | 42% |
| Last 3 months | −7.6% | 51% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Knowledge Realty Trust: 0.4 × 56 + 0.4 × 42 + 0.2 × 51 = 49.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Knowledge Realty Trust's management said in earlier quarters
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