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Mindspace Business Parks REIT (BOM:543217) EBIT : ₹15,983 Mil (TTM As of Sep. 2023)


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What is Mindspace Business Parks REIT EBIT?

Mindspace Business Parks REIT's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was ₹3,601 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was ₹15,983 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mindspace Business Parks REIT's annualized ROC % for the quarter that ended in Sep. 2023 was 3.42%. Mindspace Business Parks REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 907.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mindspace Business Parks REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 5.93%.


Mindspace Business Parks REIT EBIT Historical Data

The historical data trend for Mindspace Business Parks REIT's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mindspace Business Parks REIT EBIT Chart

Mindspace Business Parks REIT Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial 12,583.00 6,483.00 9,773.00 10,811.00 13,672.00

Mindspace Business Parks REIT Quarterly Data
Mar18 Mar19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 948.00 8,027.00 3,407.00 3,601.00 -

Competitive Comparison of Mindspace Business Parks REIT's EBIT

For the REIT - Office subindustry, Mindspace Business Parks REIT's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mindspace Business Parks REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mindspace Business Parks REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mindspace Business Parks REIT's EV-to-EBIT falls into.



Mindspace Business Parks REIT EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹15,983 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mindspace Business Parks REIT  (BOM:543217) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mindspace Business Parks REIT's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=13648 * ( 1 - 38.6% )/( (243730 + 246237)/ 2 )
=8379.872/244983.5
=3.42 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Mindspace Business Parks REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=14404/( ( (1547 + max(-5754, 0)) + (1626 + max(-4054, 0)) )/ 2 )
=14404/( ( 1547 + 1626 )/ 2 )
=14404/1586.5
=907.91 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(675 + 61 + 4689) - (4868 + 0 + 6311)
=-5754

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1042 + 42 + 5503) - (4610 + 0 + 6031)
=-4054

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mindspace Business Parks REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=15983/269434.637
=5.93 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mindspace Business Parks REIT EBIT Related Terms

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Mindspace Business Parks REIT (BOM:543217) Business Description

Traded in Other Exchanges
Address
Plot No. C-30, Raheja Tower, Level 8, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051
Mindspace Business Parks REIT is a real estate investment company. It owns an office portfolio located in four key office markets such as Mumbai Region, Hyderabad, Pune and Chennai in India. The company's portfolio has five integrated business parks with superior infrastructure and amenities (such as restaurants, creches and outdoor sports arenas) and five quality independent offices.

Mindspace Business Parks REIT (BOM:543217) Headlines

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