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Mindspace Busine share price & results

Mindspace Busine· Realty· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY26

Owns and leases Grade-A office business parks across Mumbai, Pune, Hyderabad and Chennai as a listed REIT.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue388 ₹ crore+34.3% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin98.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit209 ₹ crore+14.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity5.36 %+1.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin35.45 %+15.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)25.86 %+18.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 5 judged targets kept · 5 open · verdicts reflect calls analysed to Q1 FY26.

Mindspace Busine management guidance track record on Inve: 10 targets tracked across analysed earnings calls (3 achieved, 2 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
Leasing of Vacant SEZ SpaceLease 1.8 million sq ft vacant space in Navi Mumbai in the next 1.5 years.Q4 FY24Q1 FY26:1.6 million sq ft of the demarcated 2.3 million sq ft has been leased.
Call transcript, Q1 FY26 · 4 Aug 2025		Achieved
Incremental Rental RevenueGenerate rentals of another Rs.800 crores from organic growth in 3-4 years.Q4 FY24Q1 FY26:This long-term target was not addressed or updated in the latest quarter's call.
Call transcript, Q1 FY26 · 4 Aug 2025		Ghosted
Capacity Completion (R2 Pune)Complete 1 million sq ft R2 building in Pune by end of 2024.Q4 FY24Q1 FY26:Delivered in Q4 FY25 (Jan-Mar 2025), a one-quarter delay from the 'end of 2024' target.
Call transcript, Q1 FY26 · 4 Aug 2025		Delayed

Source: Inve Guidance Tracker for Mindspace Busine · to Q1 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Mindspace Busine's 10 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.

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Price

₹482.94 −0.46% · −₹2.24

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +4.2% 1Y

₹460₹480₹500Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26

1Y: ₹463.36 on 24 Oct 2025 → ₹482.94. High ₹508.08 (25 Sept 2026), low ₹446.88 (23 Mar 2026).

Previous close
₹485.18
Market cap
₹32.0k Cr
52-week range
₹446.88 – ₹508.08
One year
+4.64%
Price to earnings (TTM to Jun 2026)
41.05×
Return on equity (TTM to Jun 2026)
5.36%

Overview

Symbol
NSE:MINDSPACE
Sector
Realty
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Mindspace Busine does

Based on the company's own presentations, annual report and earnings calls.

Mindspace Business Parks REIT is a real estate investment trust that owns, develops and leases Grade-A office business parks, standalone office buildings and data-centre space across the Mumbai, Pune, Hyderabad and Chennai micro-markets. It earns rental income by leasing completed office space to corporate occupiers such as IT/ITeS companies, global capability centres (GCCs) and BFSI firms, under the Mindspace, Commerzone and The Square property brands. The REIT is sponsored by the K Raheja Corp group and is externally managed by K Raheja Corp Investment Managers Private Limited, which has no employees of its own.

Segments

  • Mumbai Region
  • Hyderabad Region
  • Pune Region
  • Chennai Region
Total leasable area
39.0 million sq ft (as of 31-Dec-2025)
Office business park assets
11 business parks/assets in portfolio (Q1 FY26)
Cities of presence
4 — Mumbai, Pune, Hyderabad, Chennai
Green-certified buildings
55 Green Buildings (as of Mar-2024)
Marquee tenants
220+ marquee tenants (as of Mar-2024)
Weighted Average Lease Expiry (WALE)
6.8 years (as of Mar-2024)
Founded 2019Headquarters Raheja Tower, Plot No. C-30, Block 'G', Bandra Kurla Complex, Bandra (East), Mumbai - 400051 Company website

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