Flash Finance

Mindspace Business Parks REITMINDSPACECorporate

Construction Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹494.66
MCap ₹32,746 Cr · P/E 40.9
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹946 Cr
Sales · Jun 2026
+27.9% YoY
₹714 Cr
Operating Profit · Jun 2026
+29.8% YoY
75.4%
OPM % · Jun 2026
+1.5% YoY
₹272 Cr
Net Profit · Jun 2026
+62.8% YoY
—
EPS · Jun 2026

📝 Mindspace Business Parks REIT — results explained

Quarter ended June 2026 (Q1 FY27)

Mindspace Business Parks REIT reported revenue of ₹946 crore for the quarter ended June 2026 (Q1 FY27), up 27.9% from ₹740 crore in the same quarter last year, and up 6.3% sequentially over the March 2026 quarter.

Net profit rose 62.8% year-on-year to ₹272 crore, from ₹167 crore.

Operating profit stood at ₹714 crore — an operating margin (OPM) of 75.4%, compared with 74.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Mindspace Business Parks REIT posted revenue of ₹3,035 crore, a growth of 16.4% over FY25, with a net profit of ₹695 crore (up 35.2% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹3,241 crore with a net profit of ₹800 crore.

Valuation snapshot

At the current price of ₹494.66, MINDSPACE has a market capitalisation of ₹32,746 crore and a trailing P/E of about 40.9.

Within the Construction industry, it is the 2nd-largest of the 137 companies we track by market value.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹32,746 Cr
Current Price ?
₹494.7
P/E ?
40.95above ind
Industry P/E ?
16.40
P/B ?
2.18
P/S ?
10.10
P/FCF ?
28.72
Enterprise Value ?
₹45,737 Cr
EV/EBITDA ?
17.61
PEG ?
1.57
Earnings Yield ?
4.6%
Dividend Yield ?
8.59%
Profitability & Returns
Sales (TTM) ?
₹3,241 Cr
OPM ?
80.1%
Profit after tax (TTM) ?
₹800 Cr
EPS (TTM) ?
₹12.08
ROCE ?
8.0%
ROE ?
5.3%
ROA ?
2.5%
Growth
Sales — latest qtr ?
₹946 Cr
PAT — latest qtr ?
₹272 Cr
YoY qtr sales growth ?
27.9%
YoY qtr profit growth ?
62.8%
Sales growth (3y) ?
12%
Sales growth (5y) ?
23%
Profit growth (3y) ?
26%
Profit growth (5y) ?
17%
Financial Health
Debt ?
₹12,991 Cr
Debt to Equity ?
0.86
Interest Coverage ?
2.3
Current Ratio ?
N/A
Ownership
Promoter holding ?
N/A
Change in promoter holding ?
N/A
Pledged percentage ?
N/A
Market
Return 3 months ?
0.4%
Return 6 months ?
4.9%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 559570593638608620628649649681740772633890946 +27.9% +6.3%
Operating Profit 406405426455446442444468470484550575626683714 +29.8% +4.5%
Other Income 6-134823-33133232627-20212523 -14.7% -7.8%
Interest 9098107115116119126130144156203204209220256 +26.2% +16.4%
Depreciation 9292939898949798106104115118122124119 +3.9% -3.7%
Profit Before Tax 22981234245235196234242242249259233316364366 +41.2% +0.5%
Net Profit 126-3413715014712713813514596167127192209272 +62.8% +30.1%
EPS 1.95-0.492.152.382.332.002.162.122.291.432.571.912.963.06— — —
OPM % 72.6% 71.1% 71.8% 71.3% 73.4% 71.3% 70.7% 72.1% 72.4% 71.1% 74.3% 74.5% 98.9% 76.7% 75.4% +1.5% -1.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹2,607 Cr ₹3,035 Cr ₹3,241 Cr +16.4%
Operating Profit ₹1,866 Cr ₹2,434 Cr ₹2,598 Cr +30.4%
OPM % 71.58% 80.20% 80.15% +12.0%
NPM % 19.72% 22.90% 24.67% +16.1%
Other Income ₹65 Cr ₹53 Cr ₹49 Cr -18.5%
Depreciation ₹405 Cr ₹479 Cr ₹483 Cr +18.3%
Interest ₹556 Cr ₹836 Cr ₹889 Cr +50.4%
EBIT ₹1,461 Cr ₹1,955 Cr ₹2,114 Cr +33.8%
PBT ₹967 Cr ₹1,172 Cr ₹1,278 Cr +21.2%
Tax — — ₹94 Cr —
Net Profit ₹514 Cr ₹695 Cr ₹800 Cr +35.2%
EPS ₹8.00 ₹10.50 ₹7.93 +31.2%
Material Cost — — — —
Employee Cost — — ₹12 Cr —
Extraordinary Items — ₹0 Cr ₹0 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 16,28416,28416,58218,715 +12.9%
Reserves -1,501-2,115-2,528-3,669 -45.1%
Borrowings 5,4666,98610,12512,991 +28.3%
Other Liabilities 2,4272,6602,9083,595 +23.6%
Total Liabilities 22,67623,81527,08831,633 +16.8%
Fixed Assets 21,43121,97424,77428,790 +16.2%
CWIP 0065128 +96.9%
Investments 3344 +0.0%
Other Assets 1,2421,8382,2452,711 +20.8%
Total Assets 22,67623,81527,08831,633 +16.8%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 1,3931,5272,0172,414 +19.7%
Cash from Investing Activity -751-1,459-1,500-1,293 +13.8%
Cash from Financing Activity -456-164-473-919 -94.3%
Net Cash Flow 186-9645202 +348.9%
Free Cash Flow 6274435291,140 +115.5%
CFO/OP 101%97%118%113% -4.2%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 91686 -25.0%
Cash Conversion Cycle 91686 -25.0%
Working Capital Days -231-403-302-497 -64.6%
ROCE % 6%7%7%8% +14.3%

⚖️ Peer comparison

Industry: Construction · top 25 of 137 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 EMBASSY Embassy Office ₹369.92 35,064 92.7 4,763 378 76.6% 7.9% 13.4% -79.2% 17.1% 25.9%
2 MINDSPACE MINDSPACE.NS 0P0001KHWX ₹345.06 22,843 28.7 3,241 800 80.1% 24.7% 16.4% 35.2% 27.9% 62.8%
3 NXST NXST.NS 0P0001QYGB ₹148.24 22,458 55.7 2,568 404 67.3% 15.7% 12.4% -16.5% 12.3% -89.5%
4 BIRET BIRET.NS 0P0001LR17 ₹263.49 21,867 42.0 3,295 626 71.8% 19.0% 24.2% 217.9% 51.7% 67.7%
5 WELENT Welspun Enterprises ₹789.00 10,700 35.5 3,544 348 20.2% 9.8% 0.9% 11.1% -8.4% -44.2%
6 MAXESTATES Max Estates ₹611.30 10,000 n/m 200 12 9.0% 6.1% -97.5% -98.9% 0.8% -30.0%
7 AFCONS Afcons Infrastructure ₹253.60 9,327 65.0 11,249 143 9.2% 1.3% -4.8% -48.6% -20.8% -77.9%
8 IRBINVIT IRB InvIT ₹66.38 8,507 25.1 1,546 340 80.0% 22.0% 13.4% -23.1% 87.2% 3.2%
9 GRINFRA G R ₹850.40 8,229 8.1 9,194 1,017 18.4% 11.1% 15.7% -1.6% 40.0% 46.6%
10 NCC NCC ₹130.76 8,210 12.7 20,639 682 8.8% 3.3% -9.9% -24.3% 12.2% 11.9%
11 RAYMOND Raymond ₹1,219.50 8,116 187.4 2,293 64 11.1% 2.8% -62.5% -30.2% 446.4% -99.4%
12 MAHLIFE Mahindra Lifespace ₹360.05 7,690 31.5 1,179 80 -10.3% 6.8% 216.9% 535.9% 7344.4% 5.7%
13 NESCO Nesco ₹1,056.00 7,441 17.9 951 417 50.7% 43.8% 27.4% 9.9% 9.7% 4.0%
14 CEIGALL Ceigall India ₹386.80 6,738 20.9 4,155 321 14.9% 7.7% 17.0% 7.7% 15.7% 24.2%
15 DBL Dilip Buildcon ₹406.20 6,599 5.0 8,742 1,255 19.2% 14.4% -20.4% 66.5% -9.2% -52.8%
16 KPIGREEN KPI Green ₹314.95 6,226 13.6 2,787 492 35.8% 17.7% 55.3% 56.5% 13.0% -15.0%
17 HCC Hindustan Construction ₹21.66 5,674 23.3 3,871 244 12.7% 6.3% -29.2% -7.2% -9.0% 0.7%
18 DBREALTY Valor Estate ₹95.20 5,164 n/m 864 12 9.0% 1.4% 61.7% 122.7% -86.8% -109.7%
19 MANINFRA Man Infraconstruction ₹124.44 4,951 21.1 666 216 24.1% 32.4% -43.1% -32.5% 19.3% 8.2%
20 PURVA Puravankara ₹202.61 4,805 27.9 4,064 150 20.0% 3.7% 85.7% 130.6% 62.0% 136.6%
21 RUSTOMJEE Keystone Realtors ₹356.90 4,508 33.8 2,832 131 6.7% 4.6% 31.5% -49.4% 72.2% 220.7%
22 AHLUCONT Ahluwalia Contracts ₹601.50 4,029 17.9 4,686 225 8.5% 4.8% 11.4% 32.3% 12.0% -79.7%
23 SUNTECK Sunteck Realty ₹269.60 3,959 18.6 1,127 211 28.7% 18.7% 31.7% 34.4% 1.7% 25.5%
24 KOLTEPATIL Kolte - ₹428.30 3,798 30.5 1,573 125 9.8% 8.0% -53.4% -147.2% 1017.0% 970.9%
25 ASHIANA Ashiana Housing ₹376.25 3,782 31.8 958 119 13.0% 12.4% 116.3% 548.9% -63.3% 0.8%
❓ Frequently asked questions
What was Mindspace Business Parks REIT's revenue in Q1 FY27?
Mindspace Business Parks REIT reported revenue of ₹946 crore for the quarter ended June 2026 (Q1 FY27), up 27.9% from ₹740 crore in the same quarter last year, and up 6.3% sequentially over the March 2026 quarter.
What was Mindspace Business Parks REIT's net profit in Q1 FY27?
Net profit rose 62.8% year-on-year to ₹272 crore, from ₹167 crore.
What is MINDSPACE's market capitalisation and P/E ratio?
At the current price of ₹494.66, MINDSPACE has a market capitalisation of ₹32,746 crore and a trailing P/E of about 40.9.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI