Horizon Industrial Parks Share Price

Transcript of Investors / Analysts Earnings Call on the Unaudited Financial Results for Q2 FY27 of Horizon Industrial Parks Limited held on October 29, 2026

• BSE India
• 2 days 4 hours ago

Press release and presentation on Unaudited financial results for quarter ended September 30, 2026.

• BSE India
• 2 days 8 hours ago

<h3><span style="font-size:16px;"><strong>Realty company Horizon Industrial Parks announced Q2FY27 results</strong></span></h3> <p><strong>Consolidated Financial Highlights:</strong><!--TgQPHd|||[[2,[null,null,1,null,null,null,null,null,null,null,null,null,[351768,null,0]],[],null,1]]--></p> <ul data-complete="true" data-hveid="CAAIBxAA" data-processed="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="wiLEJc#NS0kde" jsuid="Wtfwud_1l"> <li data-complete="true" data-hveid="CAAIBxAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_1o">Revenue from Operations<!--TgQPHd|||[]--></strong> stood at Rs 2,149.87 million for Q2FY27, representing a QoQ growth of 7.20% compared to Rs 2,005.46 million in Q1FY27 and a YoY growth of 29.88% compared to Rs 1,655.27 million in Q2FY26; for H1FY27, the Revenue from Operations stood at Rs 4,155.33 million, showing a growth of 26.51% compared to Rs 3,284.68 million in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIBxAE" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_1u"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_1w">Total Income<!--TgQPHd|||[]--></strong> stood at Rs 2,522.98 million for Q2FY27, representing a QoQ increase of 4.89% compared to Rs 2,405.35 million in Q1FY27 and a YoY increase of 43.52% compared to Rs 1,757.93 million in Q2FY26; for H1FY27, Total Income stood at Rs 4,928.33 million, reflecting an increase of 41.36% compared to Rs 3,486.26 million in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIBxAH" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_22"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_24">Profit Before Tax (PBT)<!--TgQPHd|||[]--></strong> stood at Rs 112.03 million for Q2FY27, turning profitable QoQ compared to a loss before tax of Rs 69.08 million in Q1FY27 and turning profitable YoY compared to a loss before tax of Rs 730.02 million in Q2FY26; for H1FY27, PBT stood at Rs 42.95 million, turning profitable compared to a loss before tax of Rs 1,367.48 million in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIBxAK" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_2a"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_2c">Profit After Tax (PAT)<!--TgQPHd|||[]--></strong> stood at Rs 139.34 million for Q2FY27, turning profitable QoQ compared to a net loss of Rs 116.27 million in Q1FY27 and turning profitable YoY compared to a net loss of Rs 760.50 million in Q2FY26; for H1FY27, PAT stood at Rs 23.07 million, turning profitable compared to a net loss of Rs 1,415.48 million in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIBxAN" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_2i"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_2k">Earnings Per Share (EPS)<!--TgQPHd|||[]--></strong> stood at Rs 0.06 for Q2FY27, compared to an EPS of Rs (0.04) in Q1FY27 on a QoQ basis and Rs (0.48) in Q2FY26 on a YoY basis; for H1FY27, EPS stood at Rs 0.02, compared to Rs (1.26) in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <!--TgQPHd|||[]--> </ul> <p><!--TgQPHd|||[]--></p> <p><strong>Standalone Financial Highlights:</strong><!--TgQPHd|||[[2,[null,null,1,null,null,null,null,null,null,null,null,null,[351768,null,0]],[],null,1]]--></p> <ul data-complete="true" data-hveid="CAAICRAA" data-processed="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="wiLEJc#NS0kde" jsuid="Wtfwud_2s"> <li data-complete="true" data-hveid="CAAICRAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_2t"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_2v">Revenue from Operations<!--TgQPHd|||[]--></strong> stood at Rs 496.93 million for Q2FY27, representing a QoQ growth of 18.17% compared to Rs 420.52 million in Q1FY27 and a YoY growth of 73.99% compared to Rs 285.58 million in Q2FY26; for H1FY27, Standalone Revenue from Operations stood at Rs 917.45 million, showing a growth of 53.21% compared to Rs 598.81 million in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAICRAE" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_31"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_33">Total Income<!--TgQPHd|||[]--></strong> stood at Rs 1,217.06 million for Q2FY27, showing a QoQ growth of 2.15% compared to Rs 1,191.43 million in Q1FY27 and a YoY growth of 105.37% compared to Rs 592.61 million in Q2FY26; for H1FY27, Standalone Total Income stood at Rs 2,708.49 million, showing a growth of 149.69% compared to Rs 1,084.75 million in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAICRAH" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_39"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_3b">Profit Before Tax (PBT)<!--TgQPHd|||[]--></strong> stood at Rs 773.24 million for Q2FY27, representing a QoQ growth of 21.80% compared to Rs 634.83 million in Q1FY27 and a significant YoY increase compared to Rs 10.24 million in Q2FY26; for H1FY27, Standalone PBT stood at Rs 1,408.07 million, turning profitable compared to a loss before tax of Rs 105.54 million in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAICRAK" data-processed="true" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_3h"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_3j">Profit After Tax (PAT)<!--TgQPHd|||[]--></strong> stood at Rs 773.24 million for Q2FY27, matching the PBT due to nil tax expense, reflecting a QoQ growth of 21.80% compared to Rs 634.83 million in Q1FY27 and a significant YoY increase compared to Rs 10.24 million in Q2FY26; for H1FY27, Standalone PAT stood at Rs 1,408.07 million, turning profitable compared to a net loss of Rs 105.54 million in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAICRAN" data-processed="true" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_3p"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_3r">Earnings Per Share (EPS)<!--TgQPHd|||[]--></strong> stood at Rs 0.29 for Q2FY27, compared to an EPS of Rs 0.26 in Q1FY27 on a QoQ basis and Rs 0.01 in Q2FY26 on a YoY basis; for H1FY27, Standalone EPS stood at Rs 0.55, compared to Rs (0.10) in H1FY26.</li> </ul> <p><!--TgQPHd|||[]--></p> <p><strong>Business Highlights & Segment Performance:</strong><!--TgQPHd|||[[2,[null,null,1,null,null,null,null,null,null,null,null,null,[351768,null,0]],[],null,1]]--><br /> <!--TgQPHd|||[]--><!--TgQPHd|||[]--></p> <ul data-complete="true" data-hveid="CAAIDRAA" data-processed="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="wiLEJc#NS0kde" jsuid="Wtfwud_48"> <li data-complete="true" data-hveid="CAAIDRAC" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_4c"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_4e">Leasing Performance:<!--TgQPHd|||[]--></strong> The company executed an all-time high leasing throughput of 2.5 million square feet in Q2FY27, bringing H1FY27 total leasing to 4.4 million square feet. This achievement represents 68% of the company's full-year target of 6.5 million square feet for FY27, while stabilized portfolio occupancy remained strong at 94%.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIDRAD" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_4f"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_4h">Development Deliveries:<!--TgQPHd|||[]--></strong> Delivered 6 buildings across 4 markets spanning 1.8 million square feet during Q2FY27, which takes total completions to 2.7 million square feet in H1FY27, staying on track to meet the 6 million square feet target for FY27.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIDRAE" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_4i"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_4k">In-City Asset Progress:<!--TgQPHd|||[]--></strong> The company's first multi-storey in-city asset is progressing well and is targeted toward delivery in Q4FY27.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIDRAF" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="Wtfwud_4l"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="Wtfwud_4n">Deleveraging:<!--TgQPHd|||[]--></strong> Completed post-IPO deleveraging, reducing net debt to Rs 27,651 million, representing 15% Net Debt to Enterprise Value (EV).</li> </ul> <p><strong>Urvish Rambhia, Chief Executive Officer, Horizon Industrial Parks, said:</strong> "We reported record performance in Q2, leasing 2.5 million square feet, reflecting strong momentum and the continued strength of occupier demand across India’s industrial and logistics sector.</p> <p>During the quarter, we added 8 new customers, with leasing led primarily by industrial occupiers. This has further strengthened and diversified our customer base, which now stands at 130 unique customers across nearly every sector of the economy. We remain firmly on course to deliver our FY27 development and in city launch.</p> <p>We continue to see strong structural tailwinds from consumption growth, industrialization, and sector formalization, which are expected to accelerate demand for Grade A assets and support absorption, occupancy, and rental growth over the next three to five years.</p> <p>As we look ahead, we remain focused on scaling our platform, deepening customer relationships, and creating long-term value for all stakeholders."</p> <p><a class="lb" href="/get-document/post/pdf/5916981/" target="_blank">Result PDF</a></p>

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