Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Embassy Office Parks REIT has published its audited condensed consolidated financial results for the quarter and full year ended March 31, 2025 in four newspapers (Economic Times, Business Line, Vijaya Karnataka and Business Standard), as required under SEBI LODR rules. Total income from operations grew to Rs. 40,389.32 million in FY25 from Rs. 36,851.82 million in FY24, a rise of about 9.6%. Net profit after tax jumped sharply to Rs. 16,244.36 million in FY25 from Rs. 9,640.28 million in FY24, largely boosted by a one-time deferred tax liability reversal of Rs. 14,140.73 million due to a change in tax rate. However, Q4 FY25 standalone showed a net loss of Rs. 2,428.78 million after tax, reversing the Rs. 2,834.14 million profit in the year-ago quarter. Total distributions to unit holders stood at Rs. 2,181 crore for FY25, with FY26 distribution guided at Rs. 24.50-26.00 per unit. Portfolio occupancy was 86% by value, and debt-equity ratio rose slightly to 0.87x from 0.72x a year earlier.
The headline FY25 profit surge is largely driven by a one-time tax accounting benefit rather than core operating performance, so investors should look at operating income growth (around 9.6%) and distribution guidance (Rs. 24.50-26.00 per unit) as the real signals. The Q4 loss and higher leverage may be near-term watchpoints, but stable occupancy and strong distribution guidance are positive for unit holders.