Horizon Industrial Parks Q2 FY27: Revenue up 30% to ₹220 Cr, EBITDA up 34%
Horizon Industrial Parks reported a strong Q2 FY27 with revenue up 30% YoY to ₹220 Cr and EBITDA up 34% to ₹175 Cr. Contracted revenue run rate crossed ₹1,000 Cr. Net debt reduced to ₹2,765 Cr from ₹4,967 Cr. The company leased 2.5 million sq ft in Q2 and is on track for its 6 million sq ft development target.
The announcement includes strong financial performance metrics (revenue, EBITDA growth), significant debt reduction, and positive operational updates (leasing, development), all of which are material for investors and indicate a strong growth trajectory.
The company reported record revenue and EBITDA, significant year-on-year growth, successful debt reduction, and positive leasing and development activity. Management expressed strong confidence in future growth prospects.
Horizon Industrial Parks Limited (formerly Horizon Industrial Parks Private Limited) announced its financial results for the second quarter of Fiscal Year 2027 (Q2 FY27) on October 29, 2026. The company reported a record revenue and EBITDA for the quarter.
Revenue grew by 30% year-on-year to approximately ₹220 crore, with a contracted revenue run rate crossing ₹1,000 crore. EBITDA increased by over 30% to nearly ₹175 crore, maintaining a healthy EBITDA margin exceeding 80% (specifically 81% for Q2 FY27).
The company leased 2.5 million square feet in Q2 FY27 across 14 transactions, onboarding eight new customers. Over 40% of this leasing came from existing customers. For the first half of FY27, Horizon Industrial Parks leased 4.4 million square feet, achieving two-thirds of its full-year leasing target of 6.5 million square feet.
Development activity remained robust, with six new buildings completed, totaling 1.8 million square feet in the quarter and 2.7 million square feet in the first half. The company is on track to deliver 6 million square feet of development in FY27, which will increase its operational area to approximately 35 million square feet.
Financially, the company reduced its net debt to ₹2,765 crore as of September 2026, down from ₹4,967 crore as of June 30, 2026. This deleveraging is expected to translate into lower finance costs and an improved credit profile. Pro forma cash PAT for H1 FY27 stood at ₹248 crore.
The company also refinanced an existing ₹635 crore facility during the quarter, resulting in a 71 basis point reduction in borrowing costs.
Looking ahead, Horizon Industrial Parks is focused on executing its growth strategy, which includes expanding its existing portfolio, developing its in-city network, and enhancing value-added services. The company anticipates its in-city portfolio to deliver approximately 6 million square feet over the next 3-4 years, with rental levels expected to be 2x to 3x higher than its large-format parks.
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