Board Meeting Details

The Board of Directors meeting was held on 14th August 2026, commencing at 07:30 A.M. and concluding at 08:15 A.M. The board approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report issued by the Statutory Auditors.

Key Financial Performance (Consolidated)

Quarterly Comparison (₹ in crore)

| Particulars | Q1FY27 | Q4FY26 | Q-o-Q | Q1FY26 | Y-o-Y |

| Revenue | 135.67 | 157.53 | -14% | 84.89 | 60% |

| EBITDA | 37.73 | 21.01 | 80% | 24.19 | 56% |

| EBITDA Margin | 27.8% | 13.34% | 14% | 28.5% | -0.7% |

| PBT | 31.27 | 8.56 | 265% | 21.31 | 47% |

| PAT | 24.09 | 4.29 | 462% | 16.35 | 47% |

Earnings Per Share (Consolidated)

  • Basic EPS: ₹22.39 (not annualized)
  • Diluted EPS: ₹22.39 (not annualized)

Standalone Financial Performance (₹ in lakh)

| Particulars | Q1FY27 | Q4FY26 | Q1FY26 | FY26 |

| Revenue from operations | 4,575 | 9,521 | 5,392 | 30,671 |

| Other income | 216 | 915 | 274 | 1,211 |

| Total revenue | 4,791 | 10,435 | 5,666 | 31,882 |

| Profit before tax | 425 | 662 | 650 | 4,344 |

| Profit after tax | 299 | 413 | 469 | 3,072 |

| Basic EPS (₹) | 2.78 | 3.84 | 4.36 | 28.55 |

Operational Metrics

  • Pre-sales: ₹168 Crores during the quarter
  • Area sold: 1.45 lakh sq. ft.
  • Collections: ₹69 Crores
  • Ongoing project portfolio GDV: ₹11,251 Cr spanning ~8 Million sq. ft.

Capital Structure Change

Warrant holders exercised their option to convert all 8,96,873 outstanding Convertible Warrants into an equal number of fully paid-up Equity Shares of ₹10/- each by tendering the balance 75% consideration. Consequently, the paid-up Equity Share Capital increased from ₹9,96,56,240/- (99,65,624 Equity Shares) as on March 31, 2026 to ₹10,86,24,970/- (1,08,62,497 Equity Shares of ₹10/- each).

Management Commentary

Mr. Kamal Lunawath, Managing Director, commented that despite a measured operating environment, business fundamentals remained intact. Revenue moderation compared to last quarter was attributed to slower conversions amid cautious buyer approach due to the broader geopolitical environment and Tamil Nadu state elections. He noted strong profitability on a lower revenue base and highlighted strong momentum in the development pipeline with multiple large residential projects having received approvals or nearing final approval, expected to be launched during the current financial year.

Audit Review

B.P Jain & Co., Chartered Accountants (Firm Registration No: 050105S) issued limited review reports for both standalone and consolidated financial results. For consolidated results, the review included 13 entities: the parent company, 9 wholly-owned subsidiaries, 2 step-down subsidiaries, 2 LLPs with significant control, and 1 joint venture. The auditors noted that interim financial results of five subsidiaries and one joint venture (representing total revenues of ₹2691.65 lakhs and net profit before tax of ₹1161.07 lakhs) were not reviewed by their auditors.

Additional Information

  • The company operates in a single reportable segment of real estate development
  • Provision of Deferred Tax has not been considered on quarterly basis but will be accounted for in annual financial results
  • The CEO and CFO certificate was placed before the Board of Directors
  • The financial results were prepared in accordance with Indian Accounting Standards (Ind AS)