Key Financial Figures - Standalone (Quarter Ended June 30, 2026)
Income Statement:
- Total Income: ₹127.52 crore
- Total Expenses: ₹85.80 crore
- Profit Before Tax (Continuing Operations): ₹41.72 crore
- Profit Before Tax (Discontinued Operations): ₹42.59 crore
- Net Profit for Period: ₹63.48 crore (vs. ₹47.71 crore in Q1 June 2025)
- Tax Expense: ₹20.83 crore (Current Tax: ₹1.78 crore, Deferred Tax: ₹8.83 crore for continuing operations; ₹10.22 crore for discontinued operations)
Earnings Per Share (Standalone):
- Basic EPS (Continuing): ₹2.81
- Basic EPS (Discontinued): ₹2.93
- Basic EPS (Total): ₹5.74
- Diluted EPS (Continuing): ₹2.80
- Diluted EPS (Discontinued): ₹2.92
- Diluted EPS (Total): ₹5.72
Segment Performance (Standalone):
- Real Estate Revenue: ₹46.78 crore
- Others Revenue: ₹16.19 crore
- Pulp & Paper (Discontinued) Revenue: ₹768.08 crore
- Real Estate Segment Result: ₹24.60 crore profit after depreciation but before finance costs
Key Financial Figures - Consolidated (Quarter Ended June 30, 2026)
Income Statement:
- Total Income: ₹205.72 crore
- Total Expenses: ₹287.34 crore
- Loss Before Tax (Continuing Operations): ₹(83.00) crore
- Profit Before Tax (Discontinued Operations): ₹42.59 crore
- Net Loss for Period: ₹(34.59) crore (vs. ₹(27.08) crore loss in Q1 June 2025)
- Tax Expense: ₹(25.26) crore net credit (Current Tax: ₹9.93 crore, Deferred Tax: ₹(25.97) crore credit for continuing operations; ₹10.22 crore expense for discontinued operations)
Earnings Per Share (Consolidated):
- Basic EPS (Continuing): ₹(6.41)
- Basic EPS (Discontinued): ₹2.93
- Basic EPS (Total): ₹(3.48)
- Diluted EPS same as basic due to anti-dilutive effect of losses
Segment Performance (Consolidated):
- Real Estate Revenue: ₹171.99 crore
- Others Revenue: ₹16.19 crore
- Pulp & Paper (Discontinued) Revenue: ₹768.08 crore
- Real Estate Segment Result: ₹(63.62) crore loss after depreciation but before finance costs
Employee Stock Option Scheme
Board approved formulation and adoption of "ABREL ESOP Scheme 2026" through CTIL Employee Welfare Trust for secondary acquisition of up to 8,29,000 equity shares representing 0.74% of paid-up share capital. Subject to shareholder approval via Postal Ballot.
During the quarter, 2,06,039 ESOPs were exercised and 80,749 treasury shares were sold in open market. No new ESOPs were granted during the quarter.
Pulp and Paper Business Transaction
Pursuant to Board approval on March 31, 2025, the company executed a Business Transfer Agreement with ITC Ltd. for sale of pulp and paper undertaking. Conditions precedent were satisfied and transaction completed on August 1, 2026. Accounting impact will be recognized in subsequent quarter in accordance with the Business Transfer Agreement.
Exceptional Items
Standalone:
- Q4 March 2026: ₹2.50 crore provision for Joint Venture working capital requirements (Textiles business discontinuation impact)
- FY2026: ₹36.23 crore incremental gratuity and leave liability due to New Labour Code changes
Consolidated:
- Q4 March 2026: ₹2.50 crore provision for Joint Venture
- FY2026: ₹41.18 crore incremental gratuity and leave liability due to New Labour Code changes
Segment Information Revision
Management revised segment classification due to discontinuation of textile business and proposed divestment of paper & pulp business:
- Real Estate: Residential projects, leased properties, investment properties
- Others: Viscose Filament Yarn & Tyre Yarn (Rayon), Salt works, Chemicals
Tax Impact
During Q4 March 2026, company reversed net deferred tax liability of ₹123.76 crore due to amendments under Income Tax Act, 2025 and decision to opt for new tax regime from tax year 2026-27.
Key Financial Ratios
Standalone:
- Debt-Equity Ratio: 0.88 times
- Interest Service Coverage Ratio: 2.76 times
- Current Ratio: 1.12 times
- Net Profit Margin: 7.54%
- Operating Margin: 7.95%
Consolidated:
- Debt-Equity Ratio: 1.57 times
- Current Ratio: 1.24 times
- Net Profit Margin: (3.57)%
- Operating Margin: (3.08)%
- Debt Service Coverage Ratio: Negative (not disclosed)