External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Embassy Office Parks REIT / Equity Bottom-Up

<ul><li>Strong Leasing Momentum and Rental Upside: EOP continues to demonstrate strong leasing traction with 1.8 Mn sq. ft. leased in Q4FY26 and 6.4 Mn sq. ft. for FY26, showing a healthy 28% YoY growth.</li><li>The company offers a compelling income and growth profile, with FY27 DPU guided at Rs 27–28.6 per unit, implying ~10% growth YoY.</li><li>This is supported by the expected NOI of Rs 4,160–4,350 Cr, driven by rising occupancy, rental escalations, and recent completions. With 60% of the 6.2 Mn sq. ft. pipeline already pre-leased, cash flow visibility remains strong, supporting sustained distributions and NAV accretion. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Strong Leasing Momentum and Rental Upside: EOP continues to demonstrate strong leasing traction with 1.8 Mn sq. ft. leased in Q4FY26 and 6.4 Mn sq. ft. for FY26, showing a healthy 28% YoY growth.The company offers a compelling income and growth profile, with FY27 DPU guided at Rs 27–28.6 per unit, implying ~10% growth YoY.This is supported by the expected NOI of Rs 4,160–4,350 Cr, driven by rising occupancy, rental escalations, and recent completions. With 60% of the 6.2 Mn sq. ft. pipeline already pre-leased, cash flow visibility remains strong, supporting sustained distributions and NAV accretion. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Embassy Office Parks REIT Ltd - Q4FY26: GCC Driven Momentum and Strong Capital Management

<ul><li>Strong Leasing Momentum and Rental Upside: EOP continues to demonstrate strong leasing traction with 1.1 msf leased in Q3FY26 and 4.6 msf YTD, supported by a healthy 17% re-leasing spread.</li><li>Portfolio market rents have increased 9% YoY, with Mumbai and Noida witnessing 19% and 16% growth, respectively.</li><li>The mark-to-market opportunity has expanded to 11%, up 600 bps sequentially. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Strong Leasing Momentum and Rental Upside: EOP continues to demonstrate strong leasing traction with 1.1 msf leased in Q3FY26 and 4.6 msf YTD, supported by a healthy 17% re-leasing spread.Portfolio market rents have increased 9% YoY, with Mumbai and Noida witnessing 19% and 16% growth, respectively.The mark-to-market opportunity has expanded to 11%, up 600 bps sequentially. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Embassy Office Parks REIT Ltd - Q3FY26: Strategic Expansion and Rental Upside to Drive Growth

<ul><li>Strong Operating Metrics: EOP REIT’s revenue rose 13% YoY to Rs 1,124 Cr, supported by portfolio expansion, strong leasing, and rent escalations.</li><li>Total office space expanded 7% YoY to 40.9 Mn sq. ft., with new additions at Embassy Tech Village and Embassy Manyata.</li><li>Healthy pre-leasing levels (97–100%) and lower vacancies lifted occupancy by 300 bps YoY to 90%.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Strong Operating Metrics: EOP REIT’s revenue rose 13% YoY to Rs 1,124 Cr, supported by portfolio expansion, strong leasing, and rent escalations.Total office space expanded 7% YoY to 40.9 Mn sq. ft., with new additions at Embassy Tech Village and Embassy Manyata.Healthy pre-leasing levels (97–100%) and lower vacancies lifted occupancy by 300 bps YoY to 90%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Embassy Office Parks REIT Ltd - Q2FY26: Expansion on Track; Healthy NOI

Thematic (Sector/Industry)

<ul><li>We expect companies under our coverage to show a 55% improvement QoQ in pre-sales for Q1FY26.</li><li>This is primarily due to a low base established in the previous quarter, Q4FY25.</li><li>Companies like Prestige Estates and Oberoi Realty are set to report healthy bookings for the year. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We expect companies under our coverage to show a 55% improvement QoQ in pre-sales for Q1FY26.This is primarily due to a low base established in the previous quarter, Q4FY25.Companies like Prestige Estates and Oberoi Realty are set to report healthy bookings for the year. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

<div><div><div><div><ul><li>Brigade Enterprise: We expect revenue to increase by 122% YoY in 1QFY23, but decline by 10% QoQ to Rs8,493mn.</li><li>The sharp increase in revenue YoY is mainly due to a lower base in 1QFY22, which was affected by the second covid wave.</li><li>EBITDA margin for 1QFY23 is expected at 26.2% vs 21.8%/29.1% in 4QFY22/1QFY22.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Brigade Enterprise: We expect revenue to increase by 122% YoY in 1QFY23, but decline by 10% QoQ to Rs8,493mn.The sharp increase in revenue YoY is mainly due to a lower base in 1QFY22, which was affected by the second covid wave.EBITDA margin for 1QFY23 is expected at 26.2% vs 21.8%/29.1% in 4QFY22/1QFY22.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Real Estate and Ceramics - Residential Demand Remains Strong; Commercial Demand in Recovering Phase

India

Embassy Office Parks REIT is India's first publicly listed Real Estate Investment Trust (REIT) and one of Asia's largest office REITs by area. It owns and operates a portfolio of high-quality office parks and city-center office buildings, focusing on leasing Grade A commercial real estate in major Indian tech hubs like Bengaluru, Mumbai, Pune, and the National Capital Region (NCR). The company was established on March 30, 2017, and its headquarters are in Bengaluru, Karnataka, India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Embassy Office Parks REIT (EMBASSY IN)

Embassy Office Parks REIT Ltd - Q4FY26: GCC Driven Momentum and Strong Capital Management

EOP continues to demonstrate strong leasing traction with 1.8 Mn sq. ft. leased in Q4FY26 and 6.4 Mn sq. ft. for FY26, showing a healthy 28% YoY...

Axis Direct

Embassy Office Parks REIT Ltd - Q3FY26: Strategic Expansion and Rental Upside to Drive Growth

EOP continues to demonstrate strong leasing traction with 1.1 msf leased in Q3FY26 and 4.6 msf YTD, supported by a healthy 17% re-leasing spread.

Axis Direct

Embassy Office Parks REIT Ltd - Q2FY26: Expansion on Track; Healthy NOI

Strong Operating Metrics: EOP REIT’s revenue rose 13% YoY to Rs 1,124 Cr, supported by portfolio expansion, strong leasing, and rent escalations.

Axis Direct

Q1FY26 Earnings Preview - Real Estate

We expect companies under our coverage to show a 55% improvement QoQ in pre-sales for Q1FY26. This is primarily due to a low base established in...

Axis Direct

Real Estate and Ceramics - Residential Demand Remains Strong; Commercial Demand in Recovering Phase

Demand for residential real estate continued to remain strong in 1QFY23 while a sharp recovery is expected in rental assets (malls/offices) as the...

Nirmal Bang

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)