Horizon Industrial Parks Limited announced its financial results for the quarter ended September 30, 2026 (Q2 FY27), reporting a significant 30% year-on-year increase in revenue to ₹2,150 million. EBITDA also saw a substantial 34% YoY growth to ₹1,735 million, with healthy EBITDA margins of 81%. The company achieved record leasing performance, executing 2.5 M sf of leases in the quarter.
Horizon Industrial Parks Reports Strong Q2 FY27 Performance
Horizon Industrial Parks Limited has announced its financial and operational results for the second quarter of Fiscal Year 2027 (Q2 FY27), ending September 30, 2026. The company demonstrated robust financial growth, with revenue increasing by 30% year-on-year (YoY) to ₹2,150 million. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 34% YoY to ₹1,735 million, reflecting healthy EBITDA margins of 81%.
Key Operational Highlights
In terms of leasing momentum, Horizon Industrial Parks executed 2.5 million square feet (M sf) of leases in Q2 FY27. This contributed to a total leasing of 4.4 M sf in the first half of FY27 (H1 FY27), representing 68% of the company’s full-year target of 6.5 M sf. The stabilized portfolio occupancy remained strong at 94%.
Development progress also saw significant advancements, with the company delivering 1.8 M sf of space across 4 markets in Q2 FY27. This brings the total development completions in H1 FY27 to 2.7 M sf, keeping the company on track to deliver its target of 6 M sf in FY27. A first multi-storey in-city asset is also progressing towards a Q4 delivery.
Balance Sheet Strengthening
The company also reported a strengthened balance sheet, completing post-Initial Public Offer (IPO) deleveraging. Net debt has been reduced to ₹27,651 million, with Net Debt to Enterprise Value at 15%. The company has also refinanced ₹6,350 million in one of its assets, achieving a 71 basis points reduction in interest cost.
Executive Commentary
Urvish Rambhia, Chief Executive Officer of Horizon Industrial Parks, commented, “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.” He further added that the company is seeing strong structural tailwinds from consumption growth, industrialization, and sector formalization.
Source: BSE
