Asset Cover Certificate for the quarter and half year ended September 30, 2025
Awaiting price reaction for this filing.
Mindspace Business Parks REIT filed its Asset Cover Certificate alongside unaudited standalone financial results for the quarter and half year ended September 30, 2025, as required under SEBI Listing Regulations. Q2 FY26 total income grew 8.8% YoY to Rs. 3,183.66 million, though profit after tax dipped slightly to Rs. 1,866.35 million from Rs. 1,978.72 million. For H1 FY26, total income surged to Rs. 6,084.30 million (up ~55% YoY) and profit jumped ~69% to Rs. 3,688.69 million, translating to basic EPU of Rs. 6.06. The Board declared a Q2 distribution of Rs. 5.83 per unit, taking cumulative H1 FY26 distribution to Rs. 11.62 per unit (vs Rs. 10.19 in H1 FY25). Net Asset Value at fair value rose to Rs. 475.32 per unit as of September 30, 2025, up from Rs. 423.61 at March-end 2025, reflecting healthy property valuation gains.
Strong H1 profit growth of ~69% and a higher per-unit distribution signal robust cash flow generation and rising asset values, which is positive for unitholders. The asset cover certificate confirms that security backing for listed NCDs remains intact, reducing credit risk for debenture holders.