Mindspace Business Parks REIT (NSE:MINDSPACE)

NSE:MINDSPACE Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Rental Revenue	28,427	25,961	24,292	22,821	17,501	11,381
Gain (Loss) on Sale of Investments (Rev)	131.89	130.43	35	38	12	8
Total Revenue	29,114	26,605	24,624	23,016	17,620	11,522
Revenue Growth (YoY	15.50%	8.04%	6.99%	30.62%	52.92%	-
Property Expenses	3,964	3,445	3,849	4,941	1,973	1,597
Selling, General & Administrative	445.45	476.67	374.75	289	175	177
Depreciation & Amortization	4,435	4,060	3,827	3,554	3,289	2,091
Other Operating Expenses	3,008	2,917	2,520	2,026	1,628	1,019
Total Operating Expenses	11,857	10,902	10,573	10,811	7,068	4,888
Operating Income	17,256	15,702	14,051	12,205	10,552	6,634
Interest Expense	-7,057	-5,561	-4,566	-3,427	-2,630	-1,707
Currency Exchange Gain (Loss)	-0.11	0.24	0.99	-1	-	1
Other Non-Operating Income	205.65	-78.8	13	209	87	34
EBT Excluding Unusual Items	10,404	10,063	9,499	8,986	8,009	4,962
Gain (Loss) on Sale of Assets	-0.01	-	-	-	-	-
Asset Writedown	-128.1	-265.64	-399.49	-1,484	-1,405	-176
Other Unusual Items	-440.11	-116.02	6.7	-118	539	7
Pretax Income	9,836	9,682	9,106	7,384	7,143	4,793
Income Tax Expense	4,490	4,544	3,494	4,299	2,670	1,445
Earnings From Continuing Operations	5,347	5,137	5,612	3,085	4,473	3,348
Minority Interest in Earnings	-390.63	-374.68	-361.95	-249	-235	-274
Net Income	4,956	4,763	5,250	2,836	4,238	3,074
Net Income to Common	4,956	4,763	5,250	2,836	4,238	3,074
Net Income Growth	-2.89%	-9.29%	85.14%	-33.08%	37.87%	-
Basic Shares Outstanding	602	594	593	593	593	398
Diluted Shares Outstanding	602	594	593	593	593	398
Shares Change (YoY)	1.56%	0.19%	-	-	49.12%	-
EPS (Basic)	8.23	8.02	8.85	4.78	7.15	7.73
EPS (Diluted)	8.23	8.02	8.85	4.78	7.15	7.73
EPS Growth	-4.32%	-9.43%	85.15%	-33.11%	-7.55%	-
Dividend Per Share	23.380	21.950	19.160	19.100	18.450	9.590
Dividend Growth	18.32%	14.56%	0.31%	3.52%	92.39%	-
Operating Margin	59.27%	59.02%	57.06%	53.03%	59.89%	57.58%
Profit Margin	17.02%	17.90%	21.32%	12.32%	24.05%	26.68%
EBITDA	21,177	19,249	17,365	15,251	13,339	8,266
EBITDA Margin	72.74%	72.35%	70.52%	66.26%	75.70%	71.74%
D&A For Ebitda	3,920	3,547	3,314	3,046	2,787	1,632
EBIT	17,256	15,702	14,051	12,205	10,552	6,634
EBIT Margin	59.27%	59.02%	57.06%	53.03%	59.89%	57.58%
Effective Tax Rate	45.65%	46.94%	38.37%	58.22%	37.38%	30.15%
Revenue as Reported	29,277	26,756	24,769	23,041	17,696	11,565

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.