Financial Results Overview
Income Statement (₹ in Lakhs)
For Year Ended 31 March 2026 (Audited) vs 31 March 2025 (Audited):
- Total Income: ₹659.83 (FY26) vs ₹1,670.11 (FY25) - 60.5% decrease
- Revenue from Operations: ₹1.82 vs ₹32.14 - 94.3% decrease
- Other Income: ₹658.01 vs ₹1,637.97 - 59.8% decrease
- Total Expenditure: ₹410.10 vs ₹958.12 - 57.2% decrease
- Profit before tax: ₹249.73 vs ₹712.03 - 64.9% decrease
- Net Profit: ₹189.92 vs ₹599.24 - 68.3% decrease
- EPS (Basic): ₹3.68 vs ₹11.63 - 68.4% decrease
Quarter Ended 31 March 2026 (Audited) vs 31 March 2025 (Audited):
- Total Income: ₹167.12 vs ₹1,186.98 - 85.9% decrease
- Net Profit: ₹17.40 vs ₹403.49 - 95.7% decrease
- EPS (Basic): ₹0.34 vs ₹7.83 - 95.7% decrease
Balance Sheet Position as at 31 March 2026 (₹ in Lakhs)
- Total Assets: ₹9,533.53 vs ₹10,219.75 (previous year)
- Inventories: ₹8,215.46 vs ₹9,035.95 (previous year)
- Total Equity: ₹5,882.32 vs ₹5,632.06 (previous year)
- Paid-up Equity Share Capital: ₹515.39 (unchanged)
- Reserves and Surplus: ₹4,528.50 vs ₹4,273.17 (previous year)
- Revaluation Reserves: ₹813.43 vs ₹818.50 (previous year)
- Total Liabilities: ₹3,651.21 vs ₹4,587.69 (previous year)
Cash Flow Statement (₹ in Lakhs)
- Net Cash from Operating Activities: (₹1,164.17) vs ₹1,535.24 (previous year)
- Net Cash from Investing Activities: ₹1,292.84 vs (₹537.25) (previous year)
- Net Cash from Financing Activities: (₹4.06) vs (₹1,045.75) (previous year)
- Net Change in Cash: ₹124.61 vs (₹47.76) (previous year)
- Cash and Cash Equivalents Closing Balance: ₹204.94 vs ₹80.33 (previous year)
Key Audit Matters
1. Capital Work in Progress
- Amount: ₹1,098.85 lakhs as at 31 March 2026
- Projects take substantial time to get ready for intended use
- Management informed project is temporarily suspended but planning to start soon
- Considered key audit matter due to materiality and level of judgment required
2. Bad and Doubtful Loans and Advances
- Provision of ₹445 lakhs created in previous year (31 March 2025) for bad and doubtful loans
- During FY26, company wrote off such bad and doubtful loans and advances against the provision
- Considered key audit matter due to materiality and management judgment involved in assessing recoverability
Emphasis of Matter
Auditors draw attention to:
- Company engaged in lending activities constituting "customer interface" under RBI (Non-Banking Financial Companies) Directions, 2025 and Amendment Directions, 2026
- Based on preliminary evaluation of "50-50 test" (financial assets >50% of total assets and income from financial assets >50% of gross income), company falls within NBFC regulatory framework under Section 45-IA of RBI Act, 1934
- Company required to obtain Certificate of Registration as NBFC
- Management has taken cognizance and is undertaking detailed evaluation of RBI regulatory framework applicability
- Management consulting with legal and professional advisors and represented that appropriate corrective, regulatory and compliance actions, including initiation of registration process, shall be undertaken
Additional Information
- Other operating income represents rental income from property
- Company's business activity falls within single primary business segment: Real Estate
- No investor grievances pending or received during the quarter
- None of the director/promoter shares are pledged/encumbered
- Previous year figures have been re-arranged/re-grouped wherever necessary
- Tax calculated on financial yearly basis
- Consolidated figures furnished as company does not have any associates/subsidiary company