What was filed
Horizon Industrial Parks Limited disclosed a press release and investor presentation covering its unaudited financial results for the quarter ended June 30, 2026 — its first earnings disclosure since listing on the NSE and BSE. The company describes itself as India's largest industrial and logistics infrastructure owner-developer, with a network of approximately 61 msf across 46 assets in 10 cities.
The filing pairs the quarter's operating performance with an account of the IPO that closed during the period and the deleveraging that followed.
The quarter and the balance-sheet reset
Per the filing, revenue and EBITDA both grew year-on-year, and management attributed the performance to what it called continued strength in occupier demand across India's industrial and logistics sector.
The more structural event was the capital raise. The company completed a primary fund raise and used the proceeds to reduce net debt, bringing loan-to-value down on the presentation's stated basis. It also disclosed a reported net loss for the quarter alongside a positive cash profit, and a proforma cash PAT figure that adjusts for potential interest savings from the post-IPO debt repayment.
Leasing and development activity
On operations, the company said it signed leases during the quarter — a figure it notes includes letters of intent — added new customers, and delivered close to 1 msf of new development. It reiterated its FY27 leasing and development throughput targets.
The presentation also details value-added service initiatives, including rooftop solar capacity, worker accommodation, an on-site hotel arrangement and EV charging infrastructure, framed as adjacencies to the core leasing business.
Reading the proforma figures
A holder should note the distinction the filing itself draws between reported and adjusted numbers. The company reported a net loss for the quarter; its headline profitability messaging leans on "cash profit" (reported PAT plus depreciation) and a "proforma cash PAT" that further adds potential interest savings the company expects from having repaid debt after the IPO. These are management-defined measures presented on an unaudited basis, per the presentation's own footnotes and disclaimer.