Q1 FY27: Revenue up 7.8%, EBITDA margin improves to 56.3%
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Q1 FY27 consolidated revenue at INR 53.8 cr; standalone revenue grew 7.8% to INR 42 cr. Consolidated EBITDA (Ind AS) rose 14.7% to INR 30.3 cr with margin improving to 56.3% from 47.4%. Operational portfolio at 1.13 mn sq ft across 27 centers, occupancy at 91.93%. Enterprise clients now 70% of revenue versus 52% YoY. Signed pipeline of 2.31 mn sq ft plus 0.19 mn sq ft under fit-out. Raised INR 100 cr via NCD at 11.75%; repaid INR 55 cr of debt. Net debt to EBITDA improved to 1.04x from 2.10x.
Strong margin expansion and visible pipeline growth signal healthy scale-up, though 11.75% NCD cost and 19.65% share encumbrance may weigh on sentiment.