H1 FY2025 PERFORMANCE HIGHLIGHTS

Delivering Exceptional All-round Performance.

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In H1 FY2025, we sustained our track record of delivering strong operational and financial performance. Efforts to enhance the portfolio and improve occupancy through proactive new leasing and re-leasing at improved rentals helped ensure holistic growth. Our prudent financial management and capital allocation strategy further helped enhance balance sheet integrity, strengthening the foundation for long-term growth.

LEASING UPDATE – H1 FY2025

We achieved a healthy gross leasing of 1,206 K sf at ₹ 125 per sf as against in-place rent of ₹ 95.3 per sf, with re-leasing spread of 18%.

New Leasing Renewals Gross Leasing
Area (K sf) 874 332 1,206
Average rent per sf ₹ 113 ₹ 157 ₹ 125
Average term (Years) 10.1 9.6 10.0
Spread (%) 18% 19% 18%

₹95

In-place rent

14%

7.1 Years

Wale

1.3 M sf

SEZ area applied for conversion

85%

Committed occupancy

300 bps

0.6M Sf

SEZ area converted into non-processing area in Candor TechSpace K1

₹368,465M

Total value of portfolio

26.3%

FINANCIAL PERFORMANCE HIGHLIGHTS#

₹8,460M

Income from operating lease rentals (OLR)

₹11,640M

Revenue from operations

₹9,443M

EBITDA

₹9,606M

Adjusted net operating income

0.38

Net debt to GAV

1.48

Interest service coverage ratio

₹132B*

Net debt

8.36%

Average interest rate

*Including 50% North India Portfolio #excluding North India Portfolio