Date: November 5, 2026

Financial Highlights

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹336.4 Crore, representing 31% year-on-year growth
  • Profit After Tax (PAT): ₹151.1 Crore, representing 101% year-on-year growth

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹720.8 Crore, representing 100% year-on-year growth
  • Profit After Tax (PAT): ₹292.1 Crore, representing 297% year-on-year growth

Equity Funded Growth

The Company received ₹250 crore during the quarter, representing 25% of the ₹1,000.07 crore preferential capital raise approved to fund its growth pipeline entirely through equity. The Company continues to maintain a zero net debt position.

Real Estate Operations

Project Portfolio Expansion

  • Added new project on Dwarka Expressway through development management arrangement
  • Gross Development Value (GDV) of new project: ₹3,700 crore
  • Saleable area of new project: 21 lakh sq.ft.

Current Portfolio Status

  • Total GDV: ₹27,308 crore across 13 projects
  • Total area: 133.2 lakh sq. ft.
  • Portfolio breakdown:
  • FY26 launched projects: ₹3,650 crore
  • FY27 pipeline: ₹11,714 crore across six projects (including new Dwarka Expressway project)
  • Future pipeline: ₹11,945 crore

Operational Metrics (as of September 30, 2026)

  • Bookings: ₹3,060 crore
  • Collections: ₹541 crore
  • Units sold: 1,018 units
  • Area sold: 23.85 lakh sq.ft.

Geographic Diversification

Portfolio is strategically diversified across key real estate markets including:

  • National Capital Region (NCR)
  • Mumbai
  • Ludhiana

Financial Services

Asset Reconstruction Platform (IARCL)

  • Fee-paying Assets Under Management (AUM): ₹588.41 crore
  • Assets under collection: ₹4,049.81 crore
  • Capital adequacy ratio: 100.07% (significantly higher than regulatory minimum requirement of 15%)
  • Balance sheet described as "substantially unleveraged"

Broking Business

  • New clients added: 19,034 during the period (149% year-on-year increase)
  • Total client base: 9.8 lakh
  • Client activation rate: 34.7% (compared with 23.0% in Q2FY26)

Business Update

The Company has mutually agreed to terminate the acquisition agreement with Fintech Cloud Private Limited dated September 11, 2026, and the proposed acquisition will not proceed.

The Company expects to further expand its real estate development pipeline to approximately ₹30,000 crore GDV during this quarter.

Contact Details

Company Investor Relations:

Mr. Sidharth Nathani – Head of Investor Relations

MUFG Investor Relations:

Ms. Ayushi Gupta

Contact: +91 9099503465

Mr. Nikunj Seth

Contact: +91 9773397958