HORIZONIND · Horizon Industrial Parks Limited · NSE · Filed 11 Sept · 1 min read

Horizon Industrial Parks reports first-ever quarterly results, a consolidated loss for Q1 FY27

In its first filing since its August 2026 listing, the industrial-and-logistics landlord posted a consolidated net loss for the June quarter while its standalone entity turned a profit.

What was filed

Horizon Industrial Parks Limited reported unaudited standalone and consolidated results for the quarter ended June 30, 2026 — its first results statement as a listed company. The board approved the numbers on September 11, 2026, and the statutory auditors issued an unmodified limited-review conclusion. The company notes these consolidated results were "drawn up for the first time" under Regulation 33 of the Listing Regulations. Comparative figures for the prior quarter and the year-ago quarter were compiled by management and were not subjected to audit or review — a caveat that matters when reading the quarter-on-quarter picture.

A consolidated loss, a standalone profit

On a consolidated basis, the Group — whose sole business is leasing industrial and logistics spaces in India — recorded a loss after tax, as finance costs and depreciation together exceeded operating income. The standalone entity, by contrast, reported a profit, helped by a large 'other income' line. The divergence reflects where costs and income sit across the holding company and its 53 subsidiaries. Figures are set out in the key-facts panel below.

IPO, subsidy and a post-quarter acquisition

Two events after quarter-end shape the picture. The company completed its IPO and its shares were listed on the NSE and BSE on August 24, 2026; per the filing, the issue aggregated INR 26,000 million. Separately, during the quarter a subsidiary, Vidarbha Cargo Private Limited, received a capital subsidy from the Government of Maharashtra towards an Ultra Mega Logistics Park, which the company said was adjusted against the cost of the related assets under Ind AS 20. The filing also discloses that, after quarter-end, the company acquired a 49.00% equity stake in Vision Softech Facilities Private Limited; no financial terms are stated.

Consolidated revenue from operations (Q1 FY26): INR 1,629.41 million → INR 2,005.46 millionQ1 FY26 → Q1 FY27+23%^‡
Standalone revenue from operations (Q1 FY26): INR 313.23 million → INR 420.52 millionQ1 FY26 → Q1 FY27+34%^‡
Standalone loss after tax (Q1 FY26): INR (115.78) million → INR 634.83 millionQ1 FY26 → Q1 FY27

Consolidated loss after tax (Q1 FY27): INR (116.27) million
IPO aggregate size: INR 26,000.00 million
IPO issue price (per share): INR 60.00 per share
Maharashtra capital subsidy received by Vidarbha Cargo: INR 400.00 million
Stake acquired in Vision Softech Facilities: 49.00%

‡ Computed by us from the filing’s own figures — not a company-stated number.

This is the company's first results statement since its August 2026 listing, setting a public financial baseline for a newly listed industrial-and-logistics landlord; holders may note the contrast between a consolidated loss and a standalone profit, and that key comparative figures were neither audited nor reviewed.