Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 29(1), 30 and 46(2)(l)(i) of SEBI LODR Regulations
Date of Board Meeting / Approval: August 03, 2026
Audit Opinion: Qualified (Limited Review)
Auditor’s Comment: The auditors issued a qualified conclusion stating the company has not provided for interest amounting to ₹528.48 lakhs on certain inter-corporate deposits for the quarter, resulting in understatement of finance cost and consequential increase in profit.
Key Financial Highlights [₹ in Lakhs]
Standalone Results:
Revenue from Operations: ₹212.20 lakhs (vs ₹1,420.70 lakhs in Q1 June 2025; vs ₹7,031 lakhs in Q4 March 2026)
Other Income: ₹392.40 lakhs (vs ₹348 lakhs in Q1 June 2025; vs ₹314.10 lakhs in Q4 March 2026)
Total Income: ₹604.60 lakhs (vs ₹1,768.70 lakhs in Q1 June 2025; vs ₹10,172 lakhs in Q4 March 2026)
Finance costs: ₹282.10 lakhs (vs ₹44.90 lakhs in Q1 June 2025; vs ₹590.60 lakhs in Q4 March 2026)
Net Profit: ₹177.10 lakhs (vs ₹673.10 lakhs in Q1 June 2025; vs ₹163.80 lakhs in Q4 March 2026)
EPS: Basic ₹1.25; Diluted ₹1.25 (vs Basic ₹4.96; Diluted ₹4.90 in Q1 June 2025)
Other Equity: ₹2,71,132 lakhs (as of March 31, 2026)
Paid-up Equity Share Capital: ₹14,210 lakhs (Face Value ₹10 each)
Consolidated Results:
Revenue from Operations: ₹1,556.20 lakhs (vs ₹1,874.10 lakhs in Q1 June 2025; vs ₹16,000 lakhs in Q4 March 2026)
Other Income: ₹468.60 lakhs (vs ₹476.30 lakhs in Q1 June 2025; vs ₹428.10 lakhs in Q4 March 2026)
Total Income: ₹2,024.80 lakhs (vs ₹2,350.40 lakhs in Q1 June 2025; vs ₹20,281 lakhs in Q4 March 2026)
Finance costs: ₹417.80 lakhs (vs ₹155.70 lakhs in Q1 June 2025; vs ₹848.30 lakhs in Q4 March 2026)
Net Profit attributable to owners of the Parent: ₹249.20 lakhs (vs ₹792.80 lakhs in Q1 June 2025; vs ₹228.10 lakhs in Q4 March 2026)
EPS: Basic ₹1.75; Diluted ₹1.75 (vs Basic ₹5.85; Diluted ₹5.77 in Q1 June 2025)
Other Equity (excluding revaluation reserve): ₹2,47,316 lakhs (as of March 31, 2026)
Paid-up Equity Share Capital: ₹14,210 lakhs (Face Value ₹10 each)
Segment-wise Performance:
The company operates within a single primary business segment: "Real Estate Development". Disclosure requirements as per IND AS 108 'Operating Segments' are not applicable.
Corporate Actions:
Dividend: Not Specified
Fundraising: The board approved raising funds through issuance of foreign currency convertible bonds (FCCBs) or any other equity linked securities through permissible modes for an amount up to US$150 million (approximately ₹1,245 crore) on private placement basis, subject to shareholder and regulatory approvals.
A FCCB Committee has been constituted to finalize terms and conditions of the issuance.
Other Significant Information:
Project Valuation: Incomplete projects included in inventories are under various development stages and expected to have net realizable value greater than their cost.
Investments in Entities: The company has investments in subsidiaries, jointly controlled entities and associates, some with losses and negative net worth. No provision considered necessary for diminution in value as projects are expected to achieve adequate profitability.
Settlement Progress: During the quarter, the company settled with one major private lender regarding interest and is hopeful of amicable settlements with other lenders shortly.