{"id":149944,"date":"2023-07-26T06:52:31","date_gmt":"2023-07-26T10:52:31","guid":{"rendered":"https:\/\/44.250.171.167\/?p=149944"},"modified":"2023-07-26T06:52:33","modified_gmt":"2023-07-26T10:52:33","slug":"mindspace-business-parks-reit-q1fy24-7-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mindspace-business-parks-reit-q1fy24-7-rise-in-profits\/","title":{"rendered":"Mindspace Business Parks REIT Q1FY24; 7% rise in Profits"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Mindspace Business Parks REIT reported Revenues for Q1FY24 of \u20b9593.00 Crores up from \u20b9485.00 Crore year on year, a rise of 22.27%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b9368.00 Crores up from \u20b9277.00 Crores year on year, a rise of 32.85%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b9137.00 Crores up 7.03% from \u20b9128.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b92.15, up 8.04% from \u20b91.99 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-236.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-236-839x1024.png\" alt=\"\" class=\"wp-image-149945\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-236-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-236-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-236-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-236-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-236.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,11809],"tags":[12377,12376],"class_list":["post-149944","post","type-post","status-publish","format-standard","hentry","category-infographics","category-realty","tag-real-estate-trust","tag-reit"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":131008,"url":"https:\/\/alphastreet.com\/india\/mindspace-reit-q4-fy-2022-research-summary\/","url_meta":{"origin":149944,"position":0},"title":"Mindspace REIT Q4 FY 2022 Research Summary","author":"sreerupa","date":"July 8, 2022","format":false,"excerpt":"Mindspace\u00a0is a brand of commercial and industrial parks located in India. It was established by the K.Raheja Group. It is situated in Mumbai,\u00a0Hyderabad,\u00a0Chennai\u00a0and\u00a0Pune. More than 50 businesses are now located at Mindspace including Accenture,\u00a0L&T Infotech Ltd,\u00a0Cognizant Technology\u00a0and\u00a0Capgemini offices. It has a diversified portfolio with 175 tenants.\u00a0 Tenants contributed not more\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"Research Summary","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128198,"url":"https:\/\/alphastreet.com\/india\/mindspace-reit-q3-fy2022-research-tear-sheet\/","url_meta":{"origin":149944,"position":1},"title":"Mindspace REIT Q3 FY2022 Research Tear Sheet","author":"sreerupa","date":"March 9, 2022","format":false,"excerpt":"Mindspace\u00a0is a brand of commercial and industrial parks located in India. It is established by K.Raheja group. It is situated in Mumbai,\u00a0Hyderabad,\u00a0Chennai\u00a0and\u00a0Pune. More than 50 businesses are now located at Mindspace including Accenture,\u00a0L&T Infotech Ltd,\u00a0Cognizant Technology\u00a0and\u00a0Capgemini. Amount in Rs million31-12-202131-12-2020Total Income30022973Total Expense3730Profit27552846 Key Financial Highlights Net Operating Income of INR\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128103,"url":"https:\/\/alphastreet.com\/india\/mindspace-business-parks-reit-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":149944,"position":2},"title":"Mindspace Business Parks REIT Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 3, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=rfe3IPR8cC4 Key highlights from Mindspace Business Parks REIT (MINDSPACE) Q3 FY22 Earnings Concall Q&A Highlights: Adhidev Chattopadhyay from ICICI asked about the early re-leasing of almost 0.5 million square feet, if it\u2019s initiated by the tenants. Vinod Rohira, CEO said that it\u2019s a 10-plus years old client and wanted to\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":154442,"url":"https:\/\/alphastreet.com\/india\/embassy-office-parks-reit-revolutionizing-real-estate\/","url_meta":{"origin":149944,"position":3},"title":"Embassy Office Parks REIT: Revolutionizing Real Estate","author":"Karan_Singh","date":"August 24, 2023","format":false,"excerpt":"\u201cGiven that more clarity has emerged on our leasing pipeline as well as on the trajectory of market interest rates, we are providing guidance for the full year FY2024. We expect our NOI to be in the range of \u20b9 2,924 to \u20b9 3,136 crores and our distributions to be\u2026","rel":"","context":"In &quot;Realty&quot;","block_context":{"text":"Realty","link":"https:\/\/alphastreet.com\/india\/category\/realty\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":181521,"url":"https:\/\/alphastreet.com\/india\/mindspace-business-parks-reit-mindspace-q3-2026-earnings-call-transcript\/","url_meta":{"origin":149944,"position":4},"title":"Mindspace Business Parks REIT (MINDSPACE) Q3 2026 Earnings Call Transcript","author":"News desk","date":"March 31, 2026","format":false,"excerpt":"Mindspace Business Parks REIT (NSE: MINDSPACE) Q3 2026 Earnings Call dated Jan. 28, 2026 Corporate Participants: Shweta Shah \u2014 Manager- Corporate Finance and Investor Relations Ramesh Nair \u2014 Chief Executive Officer and Managing Director Preeti Chheda \u2014 Chief Financial Officer Analysts: Samarth Agarwal \u2014 Analyst Jatin Kalra \u2014 Analyst Puneet\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175457,"url":"https:\/\/alphastreet.com\/india\/mindspace-business-parks-reit-mindspace-q1-2026-earnings-call-transcript\/","url_meta":{"origin":149944,"position":5},"title":"Mindspace Business Parks REIT (MINDSPACE) Q1 2026 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Mindspace Business Parks REIT (NSE: MINDSPACE) Q1 2026 Earnings Call dated Aug. 04, 2025 Corporate Participants: Unidentified Speaker Govardhan Gedela \u2014 Investor Relations Ramesh Nair \u2014 Chief Executive Officer and Managing Director Preeti Chheda \u2014 Chief Financial Officer Analysts: Unidentified Participant Pritesh Sheth \u2014 Analyst Jatin Chopra \u2014 Analyst Abhinav\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/149944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=149944"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/149944\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=149944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=149944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=149944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}