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Mindspace Business Parks REIT Q1FY24; 7% rise in Profits

Mindspace REIT is a Real Estate Investment Trust listed in India under the SEBI Real Estate Investment Trust Regulations, 2014. Mindspace REIT primarily holds interests in rental yielding commercial real estate assets (Grade-A office portfolio). It is incorporated as a registered Trust and listed through a public issue of units. The sponsor of Mindspace REIT is the K Raheja Corp Group.

Financial Results:

Mindspace Business Parks REIT reported Revenues for Q1FY24 of ₹593.00 Crores up from ₹485.00 Crore year on year, a rise of 22.27%.

Total Expenses for Q1FY24 of ₹368.00 Crores up from ₹277.00 Crores year on year, a rise of 32.85%.

Consolidated Net Profit of ₹137.00 Crores up 7.03% from ₹128.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.15, up 8.04% from ₹1.99 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Categories: AlphaGraphs Realty
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