Tag: Shirish Godbole

CommercialLatest Stories

Knowledge Realty Trust’s Q1 FY27 NOI Up 15% to ₹1,111.7 Crore

NEW DELHI: Knowledge Realty Trust reported a 15% year-on-year revenue increase to ₹1,243.10 crore for the quarter ending June 30, 2026. Its net operating income also rose by 15%, reaching ₹1,111.70 crore. The total net consolidated income amounted to ₹1,268.14 crore for Q1 FY27, with a net consolidated profit after tax of ₹250.79 crore. The board of directors at Knowledge Realty Office Management Services, responsible for managing Knowledge Realty Trust, has approved a distribution of ₹751.63 crore, translating to ₹1.695 per unit for the quarter. This distribution includes ₹408.85 crore (₹0.922 per unit) as dividends, ₹123.28 crore (₹0.278 per unit)…

CommercialLatest Stories

Knowledge Realty Trust Sees 16% Revenue Growth, 18% EBITDA Rise

NEW DELHI: Knowledge Realty Trust reports over 16% revenue growth, with EBITDA and net operating income up by 18% since its IPO, according to CEO Shirish Godbole. In a conversation with Ankit Sharma, Godbole highlighted the company’s robust performance in the nine months following its IPO, indicating strong potential for continued growth through enhanced occupancy, rental adjustments, ongoing construction, and acquisitions. With current occupancy around 92%, the company aims to reach 95-96%. It has 2.6 million sq ft under development—1.2 million sq ft anticipated for completion this year, with an additional 1.4 million sq ft ongoing. An asset in Hyderabad,…

IndustryLatest Stories

Shirish Godbole appointed chairperson of Indian REITs Association

NEW DELHI: The Indian REITs Association has appointed Shirish Godbole, CEO of Knowledge Realty Trust, as its new chairperson, effective immediately, according to a statement from the industry body. He takes over from Alok Aggarwal, who resigned after retiring as managing director and CEO of Brookfield India Real Estate Trust. Established in 2023 under the guidance of SEBI and the Ministry of Finance, the Indian REITs Association is a non-profit organization dedicated to fostering the growth of India’s real estate investment trust sector. Member organizations include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus…

CommercialLatest Stories

Knowledge Realty Trust’s NOI Soars 18% in FY26

NEW DELHI: Knowledge Realty Trust reported an 18% increase in its net operating income (NOI) to ₹4,048.4 crore, resulting in an NOI margin of 88%. The board of directors of Knowledge Realty Office Management Services, the managing entity of Knowledge Realty Trust, has approved a distribution of ₹7,165.99 million/₹1.616 per unit for the quarter ending March 31, 2026. This distribution includes ₹4,350.15 million/₹0.981 per unit as dividends, ₹917.92 million/₹0.207 per unit as interest (minus applicable taxes), ₹1,889.05 million/₹0.426 per unit for debt repayment, and ₹8.87 million/₹0.002 per unit. The net asset value (NAV) of the trust was declared at ₹123.61…

CommercialLatest Stories

Knowledge Realty Trust’s NOI Rises 20% in H1 FY26

NEW DELHI: Knowledge Realty Trust has reported a 20% year-on-year increase in net operating income (NOI), reaching ₹19,544 million for H1 FY26, with NOI margins at 89%. In Q2 FY26, the company recorded a revenue of ₹11,238 million and an NOI of ₹9,881 million. A distribution of ₹6,900 million, or ₹1.56 per unit, was also announced. The firm successfully raised ₹16,000 million through AAA-rated listed non-convertible debentures (NCDs) with a 7.2% coupon rate. The company noted, “Debt refinancing, rate reductions, and low-cost NCDs have contributed to a reduced interest cost of 7.4% per annum, achieving annual savings of 120 basis…