Mindspace REIT net operating income increases 16% in Q2

17 Nov 2022 CW Team

Mindspace REIT released its Q2FY23 results. In Q2 FY23, the company's net operating income (NOI) growth increased by 16 per cent Y-o-Y to Rs 410 million. In H1 FY23, the company also reported NOI of Rs 8.18 billion. Over 80 per cent of the NOI margin was still present.

The company's debt-to-market value was 16.8 per cent, while the portfolio's gross asset value rose to Rs 270 million in March 2022, a 3.3 per cent increase.

In Q2FY23, the company reported gross lease of about 1.3 million sq ft, bringing the total for H1 FY23 to 2.1 million square feet. While the in-place rentals increased by 8.7 per cent Y-o-Y to Rs 63 per sq ft per month, the re-leasing spread in Q2 stood at 22.3 per cent on 0.8 msf of area re-let.

Also read:
Hyderabad sees registration of homes worth Rs 22.37 bn in Oct
Godrej Properties set to buy 50-acre parcel at Palghar

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..