Board Meeting Details

The Board of Directors meeting was held on 22 October 2026, commencing at 11:48 a.m. and concluding at 01:50 p.m. The meeting approved the unaudited financial results for the quarter and half year ended 30 September 2026.

Standalone Financial Results (₹ in lakhs)

Quarter Ended 30.09.2026:

  • Revenue from operations: 1,573
  • Other income: 23,140
  • Total income: 24,713
  • Total expenses: 8,236
  • Profit before tax: 16,477
  • Tax expense: 3,734 (Current tax: 1,616; Deferred tax: 2,118)
  • Profit after tax: 12,743
  • Basic EPS: ₹5.97
  • Diluted EPS: ₹5.96

Half Year Ended 30.09.2026:

  • Revenue from operations: 34,697
  • Other income: 29,712
  • Total income: 64,409
  • Total expenses: 36,636
  • Profit before tax: 27,773
  • Tax expense: 6,017 (Current tax: 2,212; Deferred tax: 3,805)
  • Profit after tax: 21,756
  • Basic EPS: ₹10.20
  • Diluted EPS: ₹10.18

Consolidated Financial Results (₹ in lakhs)

Quarter Ended 30.09.2026:

  • Revenue from operations: 3,242
  • Other income: 7,160
  • Total income: 10,402
  • Total expenses: 9,741
  • Profit before tax: 4,950
  • Tax expense: 3,316 (Current tax: 1,863; Deferred tax: 1,453)
  • Profit after tax: 1,634
  • Basic EPS: ₹0.77
  • Diluted EPS: ₹0.76

Half Year Ended 30.09.2026:

  • Revenue from operations: 99,455
  • Other income: 8,701
  • Total income: 108,156
  • Total expenses: 97,250
  • Profit before tax: 16,050
  • Tax expense: 5,861 (Current tax: 2,618; Deferred tax: 3,243)
  • Profit after tax: 10,189
  • Basic EPS: ₹4.77
  • Diluted EPS: ₹4.77

Key Operational Highlights from Press Release

H1 FY27 Performance:

  • Consolidated Sales (Residential and IC&IC): ₹2,101 crore, 48% YoY growth
  • Gross development value additions: ₹7,100 crore
  • Residential pre-sales: ₹1,988 crore (saleable area of 1.29 msft)
  • IC&IC business revenue: ₹113 crore
  • Consolidated PAT: ₹102 crore
  • Net debt to equity ratio: -0.28 (cash surplus)
  • Residential collections: ₹1,152 crore

Q2 FY27 Performance:

  • Consolidated Sales: ₹1,126 crore, 32% YoY growth
  • Gross development value additions: ₹1,500 crore
  • Residential pre-sales: ₹1,063 crore (saleable area of 0.69 msft)
  • IC&IC business revenue: ₹63 crore
  • Consolidated PAT: ₹16 crore

Significant Transactions and Events

1. Mahindra Blossom Developers Limited: Incorporated on 2nd January 2026 as a wholly owned subsidiary. On 23rd March 2026, the Company sold 49% of its equity stake to Mitsui Fudosan (Asia) Pte Ltd, classifying it as a joint venture. The Company transferred its Alembic undertaking on a slump sale basis to Mahindra Blossom Developers Limited for ₹55,880 lakhs, recognizing a profit of ₹5,565 lakhs in previous year.

2. Ample Parks Group Divestment: During the quarter, the Company completed the divestment of its investments in the Ample Parks Group as part of its strategic portfolio optimization initiative. The transaction was completed for a consideration of ₹7,652 lakhs, resulting in a profit of ₹156 lakhs in standalone financial statements and ₹2,694 lakhs in consolidated financial statements.

3. Labour Codes Impact: The Company had estimated the incremental impact on retiral benefits to be ₹360 lakhs for the year ended 31st March 2026, presented under 'Exceptional Items' due to its regulatory-driven and non-recurring nature.

4. Cost to Completion Provision Reversal: Due to the nature of business activities, the company carries a provision for cost to completion. During the quarter, provisions amounting to ₹1,900 lakhs (standalone) and ₹2,500 lakhs (consolidated) were reversed and disclosed as other income.

ESOP Allotment

The Board approved allotment of 21,494 new fully paid-up Equity Shares of ₹10 each to eligible employees pursuant to the exercise of Options granted under Employee Stock Options Scheme 2012 (ESOS-2012). The issued equity capital increased from ₹213,61,70,340 to ₹213,63,85,280.

Management Change

Ms. Parveen Mahtani, Chief Legal Officer (categorized as Senior Management Personnel), resigned effective 28 October 2026 to pursue new professional opportunities outside the Company.

Auditor Review

The financial results were subjected to limited review by the Company's Statutory Auditors, M/s. Deloitte Haskins & Sells LLP, who issued unmodified review reports for both standalone and consolidated results.