Mumbai, India, October 29, 2026: Horizon Industrial Parks Limited (NSE: HORIZONIND / BSE: 544880), India’s largest industrial and logistics infrastructure owner-developer, announced its financial results for the quarter ended September 30, 2026.
Key Highlights
- Revenue grew 30% YoY to Rs 2,150 million, while EBITDA increased 34% YoY to Rs 1,735 million, with healthy EBITDA margins of 81%.
- Executed 2.5 M sf of leases in Q2, with H1 leasing reaching 4.4 M sf, representing 68% of the 6.5 M sf FY27 target, while stabilized portfolio occupancy remained strong at 94%.
- Delivered 6 buildings across 4 markets spanning 1.8 M sf in Q2, taking total development completions to 2.7 M sf in H1; on track to deliver 6 M sf in FY27
- First multi-storey in-city asset is progressing toward Q4 delivery
- Completed post-IPO deleveraging, reducing net debt to Rs 27,651 million with 15% Net Debt to EV
Urvish Rambhia, Chief Executive Officer of Horizon Industrial Parks, said:
“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.
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.
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.
As we look ahead, we remain focused on scaling our platform, deepening customer relationships, and creating long-term value for all stakeholders.”
Investor Materials and Quarterly Investor Call Details
Horizon Industrial Parks has released its Q2 FY27 Investor Presentation detailing the Company’s financial and operating performance for the quarter ended September 30, 2026. The presentation is available in the Investor Relations section of the Company’s website.
For more information, please visit hiparks.com
About Horizon Industrial Parks
Horizon Industrial Parks is India’s largest industrial and logistics infrastructure owner and developer. The platform comprises a network of approximately 61 msf across 46 assets in 10 cities, including ~32 M sf of operational assets and ~2,300 acres of land bank. Horizon owns the largest in-city platform comprising 17 sites located across metros with a total network of 7 msf. Horizon serves more than 130 customers, including many leading global and domestic companies across e-commerce, 3PL, FMCG, renewable energy, automotive sectors, data centers, semiconductors, aerospace, and defense amongst others.
