Mindspace Business Parks REIT (MINDSPACE) Financials - Quarterly Results, Profit & Loss, Balance Sheet, Cash Flow Mindspace Business Parks REIT reported sales of ₹814 Cr, operating profit of ₹626 Cr (OPM 77%) and net profit of ₹192 Cr for the quarter ended Dec 2025. Figures in ₹ crore, consolidated where available.
MINDSPACE quarterly results (₹ Cr) Metric Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Sales 620 628 649 649 681 740 772 814 Expenses 178 184 181 179 197 190 197 188 Operating Profit 442 444 468 470 484 550 575 626 OPM 71% 71% 72% 72% 71% 74% 74% 77% Other Income -33 13 3 23 26 27 -20 21 Interest 119 126 130 144 156 203 204 209 Depreciation 94 97 98 106 104 115 118 122 Profit before tax 196 234 242 242 249 259 233 316 Tax 35% 41% 44% 40% 61% 36% 46% 39% Net Profit 127 138 135 145 96 167 127 192 EPS in Rs 2 2.16 2.12 2.29 1.43 2.57 1.91 2.96
MINDSPACE profit & loss, annual (₹ Cr) Metric Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM Sales 1,138 1,761 2,298 2,462 2,660 3,007 Expenses 300 385 751 691 741 772 Operating Profit 838 1,376 1,547 1,772 1,920 2,235 OPM 74% 78% 67% 72% 72% 74% Other Income 22 -68 -110 -22 12 53 Interest 171 264 343 457 557 771 Depreciation 209 329 355 383 406 459 Profit before tax 479 714 738 911 968 1,057 Tax 30% 37% 58% 38% 47% - Net Profit 335 447 308 561 514 582 EPS in Rs 5.18 7.15 4.78 8.85 7.82 8.87 Dividend Payout 185% 258% 399% 216% 278% -
MINDSPACE balance sheet (₹ Cr) Metric Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025 Equity Capital 16,284 16,284 16,284 16,582 16,220 Reserves -663 -1,501 -2,115 -2,528 -2,637 Borrowings 4,461 5,466 6,986 10,125 11,259 Other Liabilities 2,205 2,427 2,660 2,908 3,308 Total Liabilities 22,287 22,676 23,815 27,088 28,150 Fixed Assets 21,223 21,431 21,974 24,774 25,547 CWIP 0 0 0 65 84 Investments 2 3 3 4 4 Other Assets 1,061 1,242 1,838 2,245 2,514 Total Assets 22,287 22,676 23,815 27,088 28,150
MINDSPACE cash flows (₹ Cr) Metric Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Cash from Operating Activity 798 1,162 1,393 1,527 2,017 Cash from Investing Activity 853 -456 -751 -1,459 -1,500 Cash from Financing Activity -1,504 -754 -456 -164 -473 Net Cash Flow 146 -48 186 -96 45 Free Cash Flow 394 588 627 443 529 CFO/OP 102% 97% 101% 97% 118%
MINDSPACE ratios Metric Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Debtor Days 7 4 9 16 8 Cash Conversion Cycle 7 4 9 16 8 Working Capital Days -381 -327 -231 -403 -302 ROCE 6% 5% 6% 7% 7%