MINDSPACE Mindspace Busine Q3 FY25 results (Oct–Dec 2024) and concall
Mindspace REIT announced the strategic acquisition of Commerzone Raidurg in Hyderabad, a marquee asset fully occupied by Qualcomm. The deal strengthens the REIT's dominance in the Madhapur micro-market, bringing its total Hyderabad footprint to 15 million sq ft. Management highlighted the transaction's attractive valuation and immediate accretion to both NOI and DPU, while maintaining a conservative leverage profile.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 292 | 286 |
| EBITDA | 286 | 280 |
| Net profit | 198 | 189 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
