Horizon Industrial Parks: Q1 FY27 EBITDA up 36% to ₹1,610 million
Horizon Industrial Parks announced its first earnings post-listing for the quarter ended June 30, 2026. The company reported a strong performance with revenue growing 23% year-on-year to ₹2,005 million and EBITDA increasing by 36% year-on-year to ₹1,610 million, maintaining healthy margins at 80%. Key operational highlights include leasing 1.9 million square feet (msf) and adding 9 new customers, with a significant portion dominated by industrial clients. The company is on track to achieve 6.5 msf leasing and 6 msf development in FY27. Post-IPO, Horizon completed deleveraging, reducing net debt to ₹25 billion with a Loan-to-Value (LTV) of 12.5%, strengthening its balance sheet for future growth.
Key Highlights
- Revenue grew 23% YoY to ₹2,005 million.
- EBITDA grew 36% YoY to ₹1,610 million with 80% margins.
- Leased 1.9 msf and added 9 new customers.
- Net debt reduced to ₹25 billion with 12.5% LTV post-IPO.
- On track for 6.5 msf leasing and 6 msf development in FY27.
Price Impact
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