Horizon Industrial Parks eyes strong leasing, expansion; Q2 revenue grows 30%
New Delhi, Oct. 29 -- Horizon Industrial Parks has reported robust demand to lease warehouse space, even as it turned a profit in the September quarter.
On Thursday, the Blackstone-backed company said it leased out 2.5 million sq. ft in the September quarter, taking the total in the first six months of FY27 to 4.4 million sq. ft, or 68% of its full-year target of 6.5 million sq. ft.
The warehousing and industrial infrastructure development firm, which got publicly listed in August, posted a net profit of Rs.13.9 crore in the second quarter, against a net loss of Rs.76.1 crore a year earlier. Revenue rose 30% to Rs.215 crore, driven by record quarterly leasing.
Horizon Industrial Parks has a network of around 61 million sq. ft across 46...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.