Horizon Industrial Parks Q1 FY27: Revenue up 23% to ₹2,005M, EBITDA up 36% to ₹1,610M
Horizon Industrial Parks reported Q1 FY27 results with revenue up 23% YoY to ₹2,005 million and EBITDA up 36% YoY to ₹1,610 million. The company leased 1.9 msf, added 9 new customers, and reduced net debt to ₹25 billion post-IPO. They are on track for 6.5 msf leasing and 6 msf development in FY27.
The strong financial results, significant leasing achievements, and successful deleveraging post-IPO are material events that are likely to have a substantial impact on investor perception and the company's future growth prospects.
The company reported significant year-on-year growth in revenue and EBITDA, successful leasing activities, and a strengthened balance sheet due to post-IPO deleveraging, indicating positive operational and financial performance.
Horizon Industrial Parks Limited announced its financial results for the quarter ended June 30, 2026, reporting a strong performance driven by robust leasing and development momentum. Revenue grew by 23% year-on-year to ₹2,005 million, while EBITDA increased by 36% year-on-year to ₹1,610 million, maintaining healthy margins of 80%.
The company successfully leased 1.9 million square feet (msf) and added 9 new customers during the quarter. It is on track to achieve over 6.5 msf of leasing and 6 msf of development in the fiscal year 2027. A significant milestone was the completion of its post-IPO deleveraging, reducing net debt to ₹25 billion with a loan-to-value (LTV) ratio of 12.5%.
Urvish Rambhia, Chief Executive Officer of Horizon Industrial Parks, expressed satisfaction with the first earnings report post-listing, highlighting the continued strength of occupier demand in India's industrial and logistics sector. He noted that the company leased 1.9 msf across diverse customers and delivered nearly 1 msf of new developments, with bulk of leasing dominated by industrial customers. The company is well-positioned for growth with a strengthened balance sheet and financial discipline.
Horizon Industrial Parks also released its Q1 FY27 Investor Presentation, available on the company's website, detailing its financial and operating performance. The company, India's largest industrial and logistics infrastructure owner-developer, has a network of approximately 61 msf across 46 assets in 10 cities, serving over 120 customers.
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