News ArticleHorizon Industrial Parks Registers 30% Revenue Growth and EBITDA Increase in Q2 FY27 with 94% Occupancy and Robust Leasing Momentum
Company achieves nearly INR220 crores revenue and INR175 crores EBITDA in Q2 FY27, leases 2.5 million sq ft, and plans first in-city multi-story asset delivery in Pune by Q4
Horizon Industrial Parks Limited reported a 30% year-on-year revenue increase to nearly INR220 crores and over 30% EBITDA growth to nearly INR175 crores in Q2 FY27. The company leased 2.5 million sq ft across 14 transactions, achieving 94% occupancy in its stabilized portfolio and progressing toward its fiscal year leasing and development targets. With a strong contracted revenue run rate and significant land bank, Horizon is expanding its in-city logistics network and expects continued growth.
Horizon Industrial Parks Limited
Earnings Call Transcript
Horizon Industrial Parks Limited reported strong financial and operational performance in Q2 FY27, with revenue reaching nearly INR220 crores and EBITDA at nearly INR175 crores, both reflecting 30% or more growth year-on-year. The company's leasing activity was robust, delivering 2.5 million square feet across 14 transactions and maintaining 94% occupancy in its stabilized portfolio.
The firm’s contracted revenue run rate surpassed INR1,000 crores, supported by its extensive land bank of 2,300 acres and a diversified customer base including leading industrial, logistics, and manufacturing companies across nine states and 10 key markets.
Operationally, Horizon leased 4.4 million square feet in the first half of FY27 across 27 transactions, achieving two-thirds of its ambitious annual leasing target of 6.5 million square feet, with 40% of Q2 leases coming from existing customers.
Development activities remain on track, with six new buildings totaling 1.8 million square feet delivered in Q2, totaling 2.7 million square feet for H1 FY27—nearly 50% of the fiscal year’s development target of 6 million square feet.
The company is advancing its in-city logistics network and anticipates delivering its first multi-story in-city asset in Pune by Q4 FY27, with leasing discussions for this asset progressing positively.
Highlights
- Q2 FY27 revenue grew 30% year-on-year to nearly INR220 crores.
- EBITDA increased over 30% to nearly INR175 crores, maintaining margins above 80%.
- Contracted revenue run rate crossed INR1,000 crores.
- Leased 2.5 million square feet in Q2 across 14 transactions; 94% occupancy in stabilized portfolio.
- Leasing for H1 FY27 reached 4.4 million sq ft, achieving two-thirds of annual target.
- Delivered 1.8 million sq ft of new developments in Q2, totaling 2.7 million sq ft in H1 FY27, nearly half of annual target for 6 million sq ft development completion.
Key Data Snapshot
What happened
- Horizon Industrial Parks reported its unaudited financial results for Q2 FY27 showing a 30% increase in revenue to nearly INR220 crores and over 30% growth in EBITDA to nearly INR175 crores.
- The company's contracted revenue run rate exceeded INR1,000 crores.
- Leasing was strong with 2.5 million square feet leased in Q2 across 14 transactions, including eight new customers and 40% contribution from existing customers.
- Occupancy in the stabilized portfolio remained high at 94%.
- Development activity delivered six new buildings totaling 1.8 million square feet in Q2.
- The company is advancing its first multi-story in-city logistics asset in Pune, expected for delivery in Q4 FY27.
Key details
- Horizon operates in nine states, covering 10 key markets, and owns 46 assets totaling a land bank of 2,300 acres.
- The company serves over 130 customers, including prominent industrial, logistics, manufacturing, and consumption-driven enterprises.
- The first half FY27 leasing totaled 4.4 million square feet, achieving two-thirds of the 6.5 million square feet annual leasing target.
- Development completions for H1 FY27 stand at 2.7 million square feet, achieving nearly half of the fiscal year target of 6 million square feet.
- More than 80% of leasing during the first half was from industrial customers, reflecting strength in this sector.
Strategic context
- Robust demand for grade A industrial and logistics real estate is driven by trends such as flight to quality, industrialization, and rising consumption.
- Supply chain diversification and China Plus One strategy contribute to sector growth.
- Government policies, skilled labor availability, and a large domestic customer base support Horizon's growth.
- The company’s assets serve major blue-chip customers in e-commerce, renewables, automotive, data centers, and sunrise sectors including aerospace and defense.
Highlights
- Q2 FY27 revenue grew 30% year-on-year to nearly INR220 crores.
- EBITDA increased over 30% to nearly INR175 crores, maintaining margins above 80%.
- Contracted revenue run rate crossed INR1,000 crores.
- Leased 2.5 million square feet in Q2 across 14 transactions; 94% occupancy in stabilized portfolio.
- Leasing for H1 FY27 reached 4.4 million sq ft, achieving two-thirds of annual target.
- Delivered 1.8 million sq ft of new developments in Q2, totaling 2.7 million sq ft in H1 FY27, nearly half of annual target for 6 million sq ft development completion.
Disclosures
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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