Horizon Industrial Parks Limited (HORIZONIND)
Q2 FY27 results
📅 Next results: 29 Oct 2026 (board meeting)Horizon Industrial Parks Limited's board meets on 29 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Horizon Industrial's revenue was ₹201 Cr (+55.5% year on year, +6.7% on the previous quarter), and net profit ₹-11.6 Cr (a smaller loss than a year earlier); the operating margin was 80.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹201 | +55.5% | +6.7% |
| Operating profit | ₹161 | +73.1% | +11.8% |
| Net profit | ₹-11.6 | loss narrowed | to loss |
| EPS (₹) | -0.04 | loss narrowed | — |
| Operating margin | 80.3% | — | — |
HORIZONIND delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 62.57% of the HORIZONIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 59.45%. That is close to its usual level.
Delivery in the last 5 sessions: 65.5% · 69.2% · 65.5% · 65.8% · 62.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Horizon Industrial Parks Limited has submitted the voting results and scrutinizer's report for its 17th Annual General Meeting held on September 30, 2026. All 7 resolutions proposed in the AGM notice were approved by shareholders with the requisite majority. The voting was conducted via Video Conference/Other Audio Visual Means. This represents standard corporate compliance under Regulation 44(3) of SEBI LODR Regulations.
- All 7 resolutions proposed in the 17th AGM notice were duly approved with the requisite majority
- AGM was conducted on September 30, 2026 at 11:00 a.m. IST via VC/OAVM
- Scrutinizer’s Report submitted and dated October 1, 2026
Horizon Industrial Parks held its first earnings conference call post-listing for Q1 FY27, reporting revenue of ₹200 crore (up 23% YoY) and EBITDA of ₹161 crore at an 80% margin. Net loss narrowed to ₹12 crore, impacted by non-cash depreciation and interest, with management guiding profitability turn by Q2-Q3 FY27. Following its August IPO raising ₹4,250 crore of fresh capital, the company reduced net debt to ₹2,500 crore (12.5% of enterprise value). The platform leased 1.9 million sq ft during the quarter and is targeting 6.5 million sq ft of leasing and 6.0 million sq ft of completions in FY27.
- Q1 FY27 revenue reached ₹200 crore (up 23% YoY) with EBITDA of ₹161 crore (80% margin).
- Net debt reduced to ₹2,500 crore (12.5% of enterprise value) following ₹4,250 crore primary IPO fundraise.
- Total portfolio spans 61 million sq ft across 46 assets, with operational area targeted to reach ~35 million sq ft in FY27.
- Leased 1.9 million sq ft in Q1 adding ₹65 crore to contracted revenue; targeting 6.5 million sq ft full-year leasing.
- Management guided that bottom line is expected to turn profitable (black) by Q2 or Q3 FY27.
In its first earnings release post-listing, Horizon Industrial Parks reported a 23% YoY growth in revenue from operations to ₹2,005 million and a 36% YoY rise in Corporate EBITDA to ₹1,610 million, with EBITDA margins expanding to 80%. Net loss narrowed significantly to ₹116 million from ₹655 million in Q1 FY26, while cash profit surged to ₹649 million compared to a cash loss of ₹84 million previously. Post-IPO primary fundraise of ₹42,500 million (including ₹16,500 million pre-IPO) helped deleverage the balance sheet to a net debt of ₹24,752 million (~12.5% LTV). Operationally, the company leased 1.9 msf, delivered 0.9 msf of development, and targets achieving over 6.5 msf leasing and 6 msf development in FY27.
- Revenue from operations grew 23% YoY to ₹2,005 million; Corporate EBITDA up 36% YoY to ₹1,610 million (80% margin)
- Net loss narrowed to ₹116 million (from ₹655 million in Q1 FY26); cash profit stood at ₹649 million
- Signed 1.9 msf of leases with 9 new customers; on track for 6.5 msf leasing and 6 msf development target in FY27
- Net debt reduced to ₹24,752 million with LTV at ~12.5% following post-IPO deleveraging
Horizon Industrial Parks reported its financial results for the quarter ended June 30, 2026, marking its first filing under Listing Regulations following its recent listing on August 24, 2026. Standalone total income stood at ₹1,191.43 million, with profit after tax reaching ₹634.83 million compared to a loss of ₹115.78 million in the year-ago quarter. The company completed an IPO raising ₹26,000 million by issuing 43,33,76,374 equity shares at ₹60.00 each (₹55.00 for employees). Additionally, subsequent to the quarter, the company acquired a 49.00% equity stake in Vision Softech Facilities Private Limited.
- Standalone Total Income for Q1 reached ₹1,191.43 million vs ₹492.14 million in Q1 FY26
- Standalone Profit After Tax stood at ₹634.83 million, swinging from a loss of ₹115.78 million in Q1 FY26
- Completed an IPO raising ₹26,000.00 million, listing on NSE and BSE on August 24, 2026
- Acquired a 49.00% equity stake in Vision Softech Facilities Private Limited post-quarter
Horizon Industrial Parks Limited has issued an invitation for its investor conference call to discuss Q1FY27 financial results and business updates. The call is scheduled for Friday, September 11, 2026, at 5:00 p.m. IST, following the company's Board Meeting. The management team will be represented by Whole Time Director & CEO Urvish Rambhia and CFO Kunal Harun Shah.
- Conference call scheduled for Friday, September 11, 2026, at 5:00 p.m. IST
- Call will cover Q1FY27 financial results and business updates following the board meeting
- Management representation includes CEO Urvish Rambhia and CFO Kunal Harun Shah
Horizon Industrial Parks Limited has dispatched communications containing the web link to its FY2025-26 Annual Report and AGM Notice to shareholders without registered email addresses. The company's 17th Annual General Meeting is scheduled to be held on Wednesday, September 30, 2026, at 11:00 AM via video conferencing. The communication complies with Regulation 36(1)(b) of the SEBI Listing Regulations.
- 17th Annual General Meeting scheduled for September 30, 2026 at 11:00 AM
- AGM to be conducted via Video Conferencing / Other Audio-Visual Means
- Dispatched web link access for FY2025-26 Annual Report pursuant to SEBI Regulation 36(1)(b)
- Letter issued to shareholders whose email IDs are not registered with RTA/Depository Participants
Horizon Industrial Parks has issued notice for its 17th Annual General Meeting scheduled for September 30, 2026, with remote e-voting set from September 26 to September 29, 2026. Along with the notice, the company published its FY26 Annual Report following its recent mainboard listing on August 24, 2026. For FY 2025-26, total income rose 74.8% YoY to INR 7,678 Mn, while EBITDA surged 79.2% to INR 6,078 Mn, driven by expanding the operational footprint from 19.0 M. Sf. to 28.4 M. Sf. However, net losses widened 13.9% to INR 2,036 Mn primarily due to finance costs rising 52.7% to INR 5,390 Mn.
- 17th AGM scheduled for September 30, 2026, via Video Conferencing with cut-off date on September 23, 2026
- FY26 total income grew 74.8% YoY to INR 7,678 Mn, led by 74% increase in rental income to INR 6,462 Mn
- Operational footprint expanded from 19.0 M. Sf. to 28.4 M. Sf., with total network reaching 61 M. Sf.
- EBITDA increased 79.2% YoY to INR 6,078 Mn; FY26 net loss stood at INR 2,036 Mn vs INR 1,787 Mn in FY25
- Debt-to-equity ratio improved to 1.47 in FY26 compared to 57.45 in FY25 following balance sheet restructuring
Horizon Industrial Parks Limited announced that its Board of Directors met on September 8, 2026, to finalize AGM details. The company scheduled its 17th Annual General Meeting for Wednesday, September 30, 2026, via Video Conferencing. Additionally, the Board approved the re-appointment of Non-Executive Non-Independent Director Mr. Asheesh Mohta, who is liable to retire by rotation, subject to shareholder approval. The company had previously listed its equity shares on August 24, 2026.
- 17th Annual General Meeting convened for September 30, 2026, at 11:00 a.m. IST via VC/OAVM
- Re-appointment of Mr. Asheesh Mohta as Non-Executive Non-Independent Director subject to shareholder approval
- Company became a listed entity with effect from August 24, 2026
- Mr. Asheesh Mohta brings over 18 years of real estate investment experience and has been with Blackstone Advisors India since February 2007
Horizon Industrial Parks Limited has informed the exchanges that its trading window for dealing in company securities is closed with effect from August 24, 2026. The closure is pursuant to SEBI (Prohibition of Insider Trading) Regulations for designated persons and insiders ahead of the financial results for the quarter ended June 30, 2026. The window will re-open 48 hours after the declaration of the financial results to the stock exchanges.
- Trading window closed effective August 24, 2026
- Closure is ahead of the financial results for the quarter ended June 30, 2026
- Trading window will re-open 48 hours post announcement of financial results
Horizon Industrial Parks Limited has submitted its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) in compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The policy outlines standard procedures to prevent selective disclosure and ensure uniform public dissemination of material events. Under the code, the Chief Financial Officer is appointed as the Chief Investor Relations Officer responsible for handling continuous disclosures. This filing is administrative in nature and has no impact on business operations or financials.
- Adopted code formulated under Regulation 8(1) and submitted pursuant to Regulation 8(2) of SEBI PIT Regulations
- Chief Financial Officer appointed as Chief Investor Relations Officer to oversee disclosures
- Confidentiality notice format mandates that obligations survive for a period of 2 years post-issuance
- Filing submitted to exchanges on August 24, 2026
Horizon Industrial Parks Limited has submitted an intimation pursuant to Regulation 30(5) of the SEBI Listing Regulations regarding authorized personnel for determining materiality of events. The Board of Directors has authorized three Key Managerial Personnel (KMPs) to determine materiality and make required disclosures to stock exchanges. The designated officials are Mr. Urvish Rambhia (WTD & CEO), Mr. Kunal Harun Shah (CFO), and Ms. Shraddha Poddar (CS & Compliance Officer). This is a statutory administrative compliance filing.
- Regulation 30(5) statutory disclosure filed on August 24, 2026
- 3 Key Managerial Personnel authorized by the Board for materiality determination
- Authorized officials include the Whole Time Director & CEO, CFO, and Company Secretary
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