Mindspace Business Parks REIT (NSE:MINDSPACE)

NSE:MINDSPACE Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	11,067	6,519	4,763	5,250	2,836	4,238
Depreciation & Amortization	5,025	4,790	4,060	3,827	3,554	3,289
Gain (Loss) on Sale of Assets	-0.11	-0.11	1.85	-	-	-
Gain (Loss) on Sale of Investments	-122.62	-62.43	-130.43	-35	-38	-12
Asset Writedown	203.83	61.75	232.42	35.56	187	73
Change in Accounts Receivable	-441.21	350.14	520.66	-530.1	708	2
Change in Accounts Payable	-38.51	-204.92	137.96	378.96	4	179
Change in Other Net Operating Assets	4,053	2,601	2,920	-245.42	-873	-693
Other Operating Activities	8,382	10,063	7,653	6,546	7,548	4,526
Operating Cash Flow	28,142	24,139	20,173	15,265	13,930	11,618
Operating Cash Flow Growth	28.25%	19.66%	32.15%	9.59%	19.90%	45.63%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Acquisition of Real Estate Assets	-17,873	-12,742	-14,888	-10,832	-7,660	-5,742
Sale of Real Estate Assets	1.74	0.71	1.39	12.02	28	1,205
Net Sale / Acq. of Real Estate Assets	-17,871	-12,741	-14,886	-10,819	-7,632	-4,537
Cash Acquisition	-14,711	-5,364	-	-	-	-
Investment in Marketable & Equity Securities	9,933	4,276	-748.28	-3,842	80	-58
Other Investing Activities	1,032	896.72	634.69	75.02	46	37
Investing Cash Flow	-21,616	-12,933	-15,000	-14,587	-7,506	-4,558

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	24,314	10,621	1,446	983	-
Long-Term Debt Issued	-	84,050	39,014	29,375	24,791	14,778
Total Debt Issued	132,310	108,364	49,636	30,821	25,774	14,778
Short-Term Debt Repaid	-	-25,051	-6,206	-	-983	-
Long-Term Debt Repaid	-	-69,176	-28,445	-15,726	-13,392	-8,222
Lease Payments	-6.04	-20.79	-15.08	-12.42	-13	-14
Total Debt Repaid	-102,487	-94,227	-34,651	-15,726	-14,375	-8,222
Net Debt Issued (Repaid)	29,823	14,137	14,984	15,095	11,399	6,556
Common Dividends Paid	-16,492	-15,267	-12,437	-12,107	-12,009	-11,892
Total Dividends Paid	-16,492	-15,267	-12,437	-12,107	-12,009	-11,892
Other Financing Activities	-10,710	-8,058	-7,275	-4,623	-3,953	-2,207

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	-2,337	-68.33	-655.05	-	-	-
Net Cash Flow	6,811	1,950	-208.7	-957	1,861	-483

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Levered Free Cash Flow	19,354	15,291	14,011	6,074	8,156	7,080
Unlevered Free Cash Flow	25,559	20,518	17,494	8,928	10,298	8,724

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	4,173	8,024	7,220	4,561	3,871	2,145
Cash Income Tax Paid	1,991	3,409	2,412	1,924	1,736	1,780
Change in Working Capital	3,566	2,733	3,574	-368.37	-207	-499

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 8, 2026

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