• Debt reduction plan: Horizon is utilizing ₹4,250 crore—comprising ₹2,600 crore from the primary IPO and ₹1,650 crore raised pre-IPO—to de-lever its balance sheet, cutting interest expenses by two-thirds to reflect bottom-line profitability.
• Margins and depreciation: The company maintains EBITDA margins of over 90% at the asset level and 80% at the corporate level, noting that reported losses are driven by a ₹250 crore non-cash book depreciation charge on young assets averaging 3.5 to 4 years of age.
• Portfolio and pipeline: The network encompasses 61 million square feet across 10 markets and 46 assets, with 30 million square feet developed at 94% occupancy and another 30 million square feet in organic development potential on existing land.
• Revenue and capex: Future capital expenditures will be funded through internal accruals, backed by historical growth of 27% CAGR in top line and 36% CAGR in EBITDA.