JKB Financial Services Ltd.

As on : 05-Nov-2026

Corporate News
05-Nov-2026 15:56

Knowledge Realty Trust anticipates tax relief will lower its cash tax rate to 8-9% of EBITDA

Knowledge Realty Trust reported generally positive financial performance in the second quarter, though a one-time self-assessment tax impacted the tax rate, partially offset by a positive working capital adjustment of approximately INR 48-50 crores. The company anticipates recent tax relief will lower its cash tax rate to 8-9% of EBITDA. Occupancy currently stands at 93% by square footage and 94% by value, with expectations to reach 94-95% by FY27, driven by strong leasing momentum from Global Capability Centers, which account for 46% of revenue, and front-office tenants representing 30%. Knowledge Realty is actively pursuing acquisitions, including targeting the Image Tower acquisition in the second half of 2027, and possesses significant debt capacity to support these efforts, while remaining optimistic about continued demand from GCCs despite potential AI-related disruptions.

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