Unaudited Financial Results for Q1 FY27
The Board approved the unaudited financial results for the quarter ended June 30, 2026, which were subjected to a limited review by the statutory auditors, MSKA & Associates LLP. The auditors issued an unmodified conclusion, stating nothing came to their attention to believe the statement contains any material misstatement.
Key Financial Figures (in ₹ Lakhs, except per share data):
- Total Income: ₹346.67 lakh (Q1 FY27) vs. ₹433.71 lakh (Q1 FY26)
- Revenue from Operations: Negative (₹101.57) lakh due to a reversal (Refer Note 5)
- Other Income: ₹448.24 lakh (Q1 FY27) vs. ₹433.71 lakh (Q1 FY26)
- Total Expenses: ₹7.19 lakh (Q1 FY27) vs. ₹285.02 lakh (Q1 FY26)
- Profit Before Tax: ₹339.48 lakh (Q1 FY27) vs. ₹148.69 lakh (Q1 FY26)
- Tax Expense: ₹85.44 lakh (₹85.40 lakh Current Tax + ₹0.04 lakh Deferred Tax) (Q1 FY27)
- Net Profit for the period: ₹254.04 lakh (Q1 FY27) vs. ₹98.68 lakh (Q1 FY26)
- Earnings Per Share (Basic and Diluted): ₹1.27 (not annualized) for Q1 FY27 vs. ₹0.49 for Q1 FY26
- Paid-up Equity Share Capital: Remained constant at ₹2,000.00 lakh (Face Value of ₹10 each)
Notes to Financial Results:
- The company operates in one reportable segment: Real estate development, confined to India.
- A Scheme of Merger of the company with its holding company, Lodha Developers Limited, was filed with the National Company Law Tribunal (NCLT), Mumbai Bench, on June 11, 2026. The scheme is yet to be approved.
- During the quarter, the company entered into a deed of cancellation for a unit sold in an earlier year. Consequently, revenue of ₹101.57 lakh and corresponding cost of ₹37.37 lakh, recognized during the earlier period, were reversed.
- The company does not have any subsidiary, joint venture, or associate company.
Corporate Governance and Appointments
- The Board approved the re-appointment of Ms. Ritika Bhalla (DIN: 09668373) as an Independent Director for a second term of five consecutive years, based on the recommendation of the Nomination and Remuneration Committee (NRC). The term is proposed to run from July 12, 2027, to July 11, 2032, subject to the approval of members at the upcoming Annual General Meeting.
- Ms. Ritika Bhalla's Profile: She has experience in corporate law compliance and advisory, due diligence, audit, accounts finalization, assisting foreign companies set up business in India, drafting agreements, and obtaining licenses. She is not related to any other directors of the company and is not debarred from holding the office of director by any SEBI order.
Corporate Calendar
- The 63rd Annual General Meeting (AGM) of the company is scheduled to be held on Friday, August 28, 2026, at 3:00 PM (IST), through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
Compliance and Filing
- The information is provided pursuant to Regulation 30 of the SEBI LODR Regulations, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- The above information has been uploaded to the company's website at www.nsil.net.in.