MAC CHARLES (INDIA) LTD. CIN No. L55101KA1979PLC003620

Standalone Financial Performance (₹ in million)

Quarter Ended September 30, 2026:

  • Total Income: ₹435.55 (Revenue from Operations: ₹330.11; Other Income: ₹105.44)
  • Total Expenses: ₹329.53 (Employee Benefits: ₹29.63; Finance Costs: ₹223.19; Depreciation: ₹53.90; Other Expenses: ₹22.81)
  • Profit Before Tax: ₹106.02
  • Profit After Tax: ₹106.02
  • Other Comprehensive Income (net of tax): -₹1.04
  • Total Comprehensive Income: ₹104.98
  • Basic & Diluted EPS: ₹8.09

Half-Year Ended September 30, 2026:

  • Total Income: ₹1,016.33
  • Profit Before Tax: ₹323.58
  • Profit After Tax: ₹323.58
  • Total Comprehensive Income: ₹324.91
  • Basic & Diluted EPS: ₹24.70

Comparative Figures (Q2 FY2026):

  • Total Income: ₹406.37
  • Loss Before Tax: -₹15.29
  • Loss After Tax: -₹15.29
  • Basic & Diluted EPS: -₹1.17

Full Year FY2026 (Audited):

  • Total Income: ₹1,788.44
  • Loss Before Exceptional Items & Tax: ₹149.90
  • Exceptional Items: ₹607.20 (related to loan prepayment penalties and unamortized costs)
  • Loss After Tax: -₹457.30
  • Basic & Diluted EPS: -₹34.91

Standalone Balance Sheet (as of September 30, 2026)

  • Total Assets: ₹15,371.47 million
  • Non-Current Assets: ₹14,668.98 million (Investment Property: ₹6,282.83 million; Investments: ₹6,191.04 million; Loans: ₹1,620.47 million)
  • Current Assets: ₹702.49 million
  • Equity: ₹3,933.87 million (Share Capital: ₹131.01 million; Other Equity: ₹3,802.86 million)
  • Liabilities: ₹11,437.60 million
  • Non-Current Liabilities: ₹11,072.58 million (Borrowings: ₹10,567.19 million)
  • Current Liabilities: ₹365.02 million

Standalone Cash Flow (H1 FY2027)

  • Net Cash from Operating Activities: ₹620.67 million
  • Net Cash from Investing Activities: -₹1,398.39 million
  • Net Cash used in Financing Activities: -₹858.42 million
  • Net Decrease in Cash: -₹1,635.14 million
  • Cash & Cash Equivalents at End: ₹8.40 million (vs. ₹31.99 million at March 31, 2026)

Key Standalone Notes

1. Inter-Corporate Deposit: The company entered an agreement to release a maximum of ₹6,000 million as interest-free inter-corporate deposits to wholly-owned subsidiary Mac Charles Hub Projects Private Limited, repayable in 5 years (extendable by another 5 years). Net funds released as of September 30, 2026, amounted to ₹3,391.66 million.

2. Exceptional Item (FY2026): An expense of ₹607.20 million was recognized for prepayment penalties, unamortized processing fees, and guarantee costs related to the prepayment of term loans from ICICI Bank Limited and Hero Fincorp Limited.

3. Demerger Scheme: A Scheme of Arrangement for the demerger of an undertaking to Embassy Prism Ventures Limited (wholly-owned subsidiary) was approved by the board on September 13, 2024. No objection received from BSE; final NCLT order awaited. No financial impact for H1 FY2027.

Consolidated Financial Performance (₹ in million)

Quarter Ended September 30, 2026:

  • Total Income: ₹361.14 (Revenue from Operations: ₹330.12; Other Income: ₹31.02)
  • Total Expenses: ₹555.54
  • Loss Before Tax: -₹194.40
  • Loss After Tax: -₹194.40
  • Total Comprehensive Loss: -₹192.93
  • Basic & Diluted EPS: -₹14.84

Half-Year Ended September 30, 2026:

  • Total Income: ₹714.91
  • Loss Before Tax: -₹388.93
  • Loss After Tax: -₹388.93
  • Total Comprehensive Loss: -₹384.69
  • Basic & Diluted EPS: -₹29.69

Comparative Figures (Q2 FY2026):

  • Total Income: ₹264.85
  • Loss Before Tax: -₹165.12
  • Loss After Tax: -₹165.12
  • Basic & Diluted EPS: -₹12.61

Full Year FY2026 (Audited):

  • Total Income: ₹1,235.11
  • Loss Before Exceptional Items & Tax: -₹596.98
  • Exceptional Items: ₹565.59 (related to holding company's loan prepayment costs)
  • Loss After Tax: -₹1,162.78
  • Basic & Diluted EPS: -₹88.75

Consolidated Balance Sheet (as of September 30, 2026)

  • Total Assets: ₹15,635.31 million
  • Non-Current Assets: ₹11,315.90 million (Investment Property: ₹10,359.21 million)
  • Current Assets: ₹4,319.41 million (Inventories: ₹2,487.91 million)
  • Equity: -₹475.43 million (Share Capital: ₹131.01 million; Other Equity: -₹606.44 million)
  • Liabilities: ₹16,110.74 million
  • Non-Current Liabilities: ₹15,730.51 million (Borrowings: ₹15,253.34 million)
  • Current Liabilities: ₹380.23 million

Segment Information (Consolidated)

The Group operates in Real Estate Leasing and Sale of Electricity segments.

Revenue (Q2 FY2027):

  • Real Estate Leasing: ₹306.27 million
  • Sale of Electricity: ₹23.37 million
  • Others: ₹0.50 million

Segment Results (Q2 FY2027):

  • Real Estate Leasing: ₹30.90 million profit
  • Sale of Electricity: ₹11.56 million profit
  • Others: ₹0.50 million profit

Subsidiaries Included in Consolidation

1. Neptune Real Estate Private Limited

2. Blue Lagoon Real Estate Private Limited

3. Mac Charles Hub Projects Private Limited

4. Embassy Prism Ventures Limited

Auditor's Review

Walker Chandiok & Co LLP issued a review report on both standalone and consolidated results, stating nothing came to their attention to believe the statements contain any material misstatement. The review of one subsidiary (total assets ₹0.86 million) was relied upon from another auditor.

Additional Information

  • The financial results have been prepared in accordance with Ind AS 34.
  • Previous period figures have been reclassified/regrouped where necessary.
  • The results will be published in newspapers and made available on the company's website and BSE.