Mindspace REIT Reports Q4 Net Profit of Rs.1.27 Bn

06 May 2024 CW Team

Mindspace Real Estate Investment Trust (REIT) has posted a net profit of Rs 1.27 billion in the fourth quarter of the financial year 2024. The strong performance reflects the REIT's resilience and operational efficiency amidst prevailing market conditions.

The net profit of Rs 1.27 billion achieved by Mindspace REIT underscores its robust financial performance and ability to generate steady returns for its investors. Despite challenges posed by the economic environment, the REIT has demonstrated its ability to maintain profitability and deliver value to its stakeholders.

Mindspace REIT's positive financial results in Q4 FY24 are attributed to its diversified portfolio of commercial real estate assets and prudent management strategies. The REIT's focus on leasing, asset management, and tenant relations has contributed to its sustained revenue generation and profitability.

The Q4 net profit of ?1.27 billion reaffirms Mindspace REIT's position as a leading player in India's commercial real estate market. The REIT's strong financial performance is indicative of its ability to capitalize on opportunities and navigate challenges in the dynamic real estate landscape.

As Mindspace REIT continues to execute its growth strategy and expand its portfolio, investors can expect continued value creation and attractive returns. The REIT's successful performance in Q4 FY24 underscores its commitment to delivering long-term value and stability to its unit holders.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..