Mindspace REIT Reports Q4 Net Profit

03 May 2024 CW Team

Mindspace Real Estate Investment Trust (REIT) has announced a net profit of Rs 1.27 billion for the fourth quarter of the fiscal year 2023-24. This positive financial result underscores the resilience and stability of Mindspace REIT's business model amidst challenging market conditions in the real estate sector.

The net profit reported by Mindspace REIT reflects its ability to effectively manage its portfolio of commercial real estate assets and generate sustainable income streams. Despite the uncertainties posed by the COVID-19 pandemic, Mindspace REIT has continued to deliver value to its investors and stakeholders.

The strong financial performance in the fourth quarter reaffirms Mindspace REIT's position as a leading player in the commercial real estate segment. The company's focus on high-quality assets, diversified tenant base, and prudent financial management has contributed to its success and stability.

Mindspace REIT's robust financial results are expected to bolster investor confidence and support its growth trajectory in the coming quarters. The REIT remains committed to maximising value for its unitholders and exploring opportunities for portfolio expansion and optimization.

Overall, Mindspace REIT's Q4 net profit of Rs 1.27 billion reflects its resilience and ability to navigate through challenging market conditions. It underscores the REIT's strong fundamentals and underscores its commitment to delivering consistent returns to investors.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..