Financials of Mindspace Business Parks REIT

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Mindspace Business Parks REIT

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +570593638608620628649649681740772814890
Expenses +165167183162178184181179197190197188207
Operating Profit405426455446442444468470484550575626683
OPM %71%72%71%73%71%71%72%72%71%74%74%77%77%
Other Income +-134823-33133232627-202125
Interest98107115116119126130144156203204209220
Depreciation92939898949798106104115118122124
Profit before tax81234245235196234242242249259233316364
Tax %142%42%39%38%35%41%44%40%61%36%46%39%43%
Net Profit +-3413715014712713813514596167127192209
EPS in Rs-0.492.152.382.332.002.162.122.291.432.571.912.963.06

Financials of Mindspace Business Parks REIT

Profit & Loss

Annual income statement trend

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,43201,1381,7612,2982,4622,6603,216
Expenses +4195300385751691741779
Operating Profit1,013-58381,3761,5471,7721,9202,438
OPM %71%74%78%67%72%72%76%
Other Income +260022-68-110-221250
Interest4460171264343457557836
Depreciation2200209329355383406479
Profit before tax607-54797147389119681,172
Tax %15%0%30%37%58%38%47%41%
Net Profit +515-5335447308561514694
EPS in Rs5.187.154.788.857.8210.05
Dividend Payout %0%0%185%258%399%216%278%122%

Financials of Mindspace Business Parks REIT

Balance Sheet

Capital structure and asset base

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital500.0016,28416,28416,28416,28416,58218,715
Reserves1,581-519-663-1,501-2,115-2,528-3,669
Borrowings +6,16203,7744,4615,4666,98610,12512,991
Other Liabilities +1,33952,1692,2052,4272,6602,9083,595
Total Liabilities9,132022,24622,28722,67623,81527,08831,633
Fixed Assets +6,052021,19921,22321,43121,97424,77428,790
CWIP20200065128
Investments10223344
Other Assets +3,07701,0431,0611,2421,8382,2452,711
Total Assets9,132022,24622,28722,67623,81527,08831,633

Financials of Mindspace Business Parks REIT

Cash Flows

Operating, investing and financing cash movement

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +93407981,1621,3931,5272,0172,414
Cash from Investing Activity +-5860853-456-751-1,459-1,500-1,293
Cash from Financing Activity +-3560-1,504-754-456-164-473-919
Net Cash Flow-80146-48186-9645202
Free Cash Flow16503945886274435291,140
CFO/OP107%0%102%97%101%97%118%113%

Financials of Mindspace Business Parks REIT

Ratios

Working capital efficiency and return ratios

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days87491686
Inventory Days
Days Payable
Cash Conversion Cycle87491686
Working Capital Days310-381-327-231-403-302-497
ROCE %-0%6%5%6%7%7%8%