Disclosure Context

India Homes Limited submitted an investor presentation for the quarter ended 30 September 2026 to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission was made on 05/11/2026 by SiddRatth S. Gupta, Jt. Managing Director (DIN:03640615). The presentation is available on the company website www.indiahomesltd.com.

Financial Performance (Unaudited Standalone)

Quarter Ended September 2026 (Q2 FY27):

  • Total Income: ₹28.13 lakh
  • Profit After Tax: ₹426.66 lakh
  • EPS: ₹0.11 per share

Quarter Ended June 2026 (Q1 FY27):

  • Total Income: ₹23.30 lakh
  • Profit After Tax: ₹344.16 lakh
  • EPS: ₹0.09 per share

Quarter Ended September 2025 (Q2 FY26):

  • Total Income: ₹11.93 lakh
  • Profit After Tax: Loss of ₹314.89 lakh
  • EPS: Loss of ₹0.08 per share

Half Year Ended September 2026 (H1 FY27):

  • Total Income: ₹51.42 lakh
  • Profit After Tax: ₹770.82 lakh
  • EPS: ₹0.19 per share

Half Year Ended September 2025 (H1 FY26):

  • Total Income: ₹25.40 lakh
  • Profit After Tax: Loss of ₹462.46 lakh
  • EPS: Loss of ₹0.12 per share

Full Year Ended March 2026 (FY26):

  • Total Income: ₹2,764.52 lakh
  • Profit After Tax: ₹1,865.54 lakh
  • EPS: ₹0.47 per share

Tax expense was nil in all periods shown, hence profit before tax equals profit after tax. Profit after tax includes exceptional items. Prior-period comparisons reflect the company's pivot from stainless-steel manufacturing to real estate.

Balance Sheet & Cash Flow (Unaudited Standalone)

Balance Sheet as on 30 September 2026:

  • Total Assets: ₹38,427.27 lakh
  • Net Worth: ₹5,271.52 lakh
  • Total Borrowings: ₹8,330.11 lakh

Balance Sheet as on 31 March 2026:

  • Total Assets: ₹39,713.76 lakh
  • Net Worth: ₹4,500.70 lakh
  • Total Borrowings: ₹9,137.97 lakh

Cash Flow for Half Year Ended September 2026:

  • Operating Cash Flow: ₹1,113.27 lakh
  • Investing Cash Flow: Not disclosed (shown as "-")
  • Financing Cash Flow: Outflow of ₹1,132.95 lakh

Cash Flow for Half Year Ended September 2025:

  • Operating Cash Flow: ₹2,029.48 lakh
  • Investing Cash Flow: Not disclosed (shown as "-")
  • Financing Cash Flow: Outflow of ₹2,028.28 lakh

Strategic Transformation & Business Overview

The company completed a strategic transformation in FY26 from stainless-steel manufacturing to a Mumbai-focused real estate redevelopment platform. Key FY26 milestones included:

  • May 2025: JV MOU signed
  • September 2025: Development agreement executed
  • November 2025: Debt repaid
  • November 2025: Rebranding
  • March 2026: ARC settlement

The company describes itself as "a Mumbai-focused redeveloper" that unlocks value in land-scarce urban locations by transforming legacy assets into premium residential and mixed-use developments. The business model combines institutional capital with local partnerships to manage approvals, tenant rehabilitation, and project delivery.

Key micro-markets of operation include Matunga, Wadala, Chembur, and Dadar. The company highlights competitive strengths including strategic land bank, value unlock through development, experienced promoter group with two decades of execution, shift to high-margin business, integrated asset advantage, flexible development model, and strong investor upside.

Completed Projects (Promoter Group Portfolio)

The presentation references completed projects in the promoter group's portfolio:

The Link (Andheri, Mumbai):

  • Project Year: February 2007
  • Completion: January 2011
  • Construction Area: 1,00,000 sq ft
  • Type: Landmark mixed-use redevelopment

Wadala Residential Redevelopment:

  • Project Year: March 2002
  • Completion: October 2007
  • Construction Area: 1,50,000 sq ft
  • Location: Wadala, Mumbai

Aden Court (Matunga, Mumbai):

  • Project Year: January 2018
  • Completion: December 2023
  • Construction Area: 1,25,000 sq ft
  • Type: Premium residential redevelopment

Project Pipeline & Ongoing Projects

The presentation identifies the following pipeline projects:

India Court:

  • Location: Wadala
  • Construction Area: ~75,000 sq ft
  • Timeline: ~3 years
  • Status: Pre-launch

Duke Court:

  • Location: Chembur
  • Construction Area: ~5,00,000 sq ft
  • Timeline: ~4 years
  • Status: Pre-launch

Additional locations mentioned: Matunga and Khopoli

The promoters, in their private capacity, hold land bank and/or development agreements for the Wadala, Matunga and Chembur properties. The company is desirous of consolidating all real estate projects under India Homes Limited, is in the process of finalizing such agreements, and will approach shareholders for requisite approvals. Timelines and scope are indicative.

Management Commentary

Mr. Varun S. Gupta, Managing Director, commented: "During the second quarter of FY2027, we continued to build on India Homes strategic transition into a Mumbai-focused real estate redevelopment platform. Having repositioned the business towards the redevelopment segment, our efforts are now directed towards advancing identified project opportunities, progressing the necessary planning and approval processes, and strengthening the foundation for the Company's next phase of growth."

He further stated: "As we continue to establish our presence in Mumbai's redevelopment market, our priority is to develop a strong and scalable project portfolio, supported by a disciplined approach to project selection, capital allocation and execution planning. We believe that the redevelopment opportunity in Mumbai offers significant long-term potential, and India Homes is focused on building a platform that can effectively capture these opportunities."

CSR & Social Impact

The presentation highlights several CSR initiatives:

  • Shri Banshidhar Aggarwal School in Wadala, Mumbai (promoter-led educational institution)
  • Financial assistance to students from economically weaker sections
  • Distribution of educational materials (books, notebooks, study materials)
  • Merit scholarships for academically bright students
  • Healthcare initiatives including blood donation camps and community health initiatives

Forward-Looking Statements Disclaimer

The presentation contains standard forward-looking statements disclaimer noting that actual results may differ materially from forward-looking statements due to various factors including future changes in business, competitive environment, information technology, and political, economic, legal and social conditions in India.