Financial Performance (Q1 FY27 vs Q1 FY26)

  • Revenue from Operations: ₹302.81 crore (100%) vs ₹307.43 crore (100%)
  • Other Income: ₹16.97 crore (5.60%) vs ₹11.87 crore (3.86%)
  • Total Revenue: ₹319.78 crore (105.60%) vs ₹319.30 crore (103.86%)
  • EBITDA: ₹46.73 crore (15.43%) vs ₹45.60 crore (14.83%)
  • Depreciation and Finance Cost: ₹15.18 crore (5.01%) vs ₹16.53 crore (5.37%)
  • Profit before tax (before exceptional items): ₹31.55 crore (10.42%) vs ₹29.07 crore (9.46%)
  • Exceptional Items: ₹0.00 crore (0.00%) vs ₹0.00 crore (0.00%)
  • Profit before tax (after exceptional items): ₹31.55 crore (10.42%) vs ₹29.07 crore (9.46%)
  • Tax Expenses: ₹7.98 crore (2.64%) vs ₹7.15 crore (2.33%)
  • Net Profit: ₹23.57 crore (7.78%) vs ₹21.92 crore (7.13%)

Operational Highlights

Operations were at similar levels compared to the corresponding quarter of the previous year. New orders received in Rajasthan (₹630 crore) and Telangana (₹459 crore) are still at implementation stage and expected to commence execution by the third quarter of the current year.

EBITDA margin improved by 60 basis points to 15.43% due to stronger demand for manufacturing products. Surplus cashflow from monetization of idle land parcels in Bangalore and Hyderabad, along with cashflow from real estate development in Pune projects, has substantially reduced working capital borrowing and borrowing costs.

Treasury income of ₹12.57 crore exceeded finance cost of ₹10.54 crore during the quarter.

Real Estate Segment Progress

A. Dosti Greenscapes — Pune (Hadapsar)

The company is monetizing its land at Hadapsar, Pune (5,19,729 sq.ft. approx.) through joint development with Dosti Realty Ltd. on revenue sharing basis (38% to company, 62% to Dosti).

Project Details:

  • Total project: 12 residential towers + 1 commercial tower
  • Total RERA carpet area: 10,95,288.67 sq.ft. (approx.)
  • Current status: 9 towers launched with 1,025 units
  • RERA carpet area of launched towers: 7,76,720.45 sq.ft.
  • Occupation Certificate expected for 5 towers in current financial year
  • 4 additional towers to be launched as per Dosti Realty's planning

Sales Status (as on 09.08.2026):

  • Units booked: 756
  • Agreement value: ₹627.05 crore
  • Company's share (38%): ₹238.28 crore
  • Advance received: ₹179.32 crore
B. Kalpataru Blossoms — Pune (Vadgaon)

The company is monetizing its land at Vadgaon, Pune (6,73,826 sq.ft. approx.) through joint development with Kalpataru Ltd. on revenue sharing basis (32.50% to company, 67.50% to Kalpataru).

Project Structure:

  • Plot A: Land area 2,24,967.60 sq.ft. (currently under development)
  • Plot B: Land area 4,48,858.80 sq.ft. (to be taken up later)

Plot A Details:

  • 3 residential towers + commercial units
  • Total RERA carpet area: 5,65,086 sq.ft. (approx.)
  • Tower 1: 70 units, 1,36,711.00 sq.ft.
  • Tower 2: 213 units, 2,61,504.00 sq.ft.
  • Tower 3: 180 units, 1,54,830.00 sq.ft.
  • Commercial: 7 units, 12,041.00 sq.ft.
  • Total units: 470

Sales Status (Plot A as on 09.08.2026):

  • Units booked: 220
  • Agreement value: ₹433.28 crore
  • Company's share (32.5%): ₹140.82 crore
  • Advance received: ₹67.03 crore

Order Book Update

The estimated balance value of work as at 4th August, 2026 stood at ₹4,730.69 crore, compared to ₹3,944.87 crore as at 31st July, 2025.