Standalone Financial Performance (₹ in lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹37.66
- Other Income: ₹108.17
- Share of Loss from Partnership Firms: ₹(16.45)
- Total Revenue: ₹129.38
- Total Expenses: ₹1,064.68
- Loss before tax: ₹(935.30)
- Tax Expense: ₹21.82 (Deferred tax)
- Net Loss after tax: ₹(957.12)
- Other Comprehensive Income: ₹0.77
- Total Comprehensive Loss: ₹(956.36)
- Basic and Diluted EPS: ₹(4.95)
Half Year Ended September 30, 2026:
- Revenue from operations: ₹75.32
- Other Income: ₹154.47
- Total Revenue: ₹229.79
- Total Expenses: ₹2,497.58
- Loss before tax: ₹(2,267.79)
- Tax Expense: ₹21.82 (Deferred tax)
- Net Loss after tax: ₹(2,289.61)
- Other Comprehensive Income: ₹0.67
- Total Comprehensive Loss: ₹(2,288.94)
- Basic and Diluted EPS: ₹(11.85)
Consolidated Financial Performance (₹ in lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹692.06
- Other Income: ₹223.33
- Share of Loss from Partnership Firms: ₹(16.45)
- Total Revenue: ₹898.94
- Total Expenses: ₹1,830.16
- Loss before tax: ₹(931.22)
- Tax Expense: ₹28.95
- Net Loss after tax: ₹(960.17)
- Share of net profit of associates: ₹121.04
- Net Loss: ₹(839.13)
- Total Comprehensive Loss: ₹(837.56)
- Basic and Diluted EPS: ₹(4.97)
Half Year Ended September 30, 2026:
- Revenue from operations: ₹985.59
- Other Income: ₹1,321.73
- Total Revenue: ₹2,307.32
- Total Expenses: ₹3,747.76
- Loss before tax: ₹(1,440.44)
- Tax Expense: ₹66.22
- Net Loss after tax: ₹(1,506.66)
- Share of net profit of associates: ₹993.53
- Net Loss: ₹(513.13)
- Total Comprehensive Loss: ₹(514.10)
- Basic and Diluted EPS: ₹(7.80)
Key Financial Position Highlights (Standalone as of September 30, 2026)
- Total Assets: ₹63,951.12 lakh
- Total Equity: ₹19,274.63 lakh
- Non-current borrowings: ₹25,746.07 lakh
- Current borrowings: ₹1,731.55 lakh
- Inventories: ₹45,901.64 lakh
- Cash and cash equivalents: ₹94.98 lakh
Significant Developments
1. Partnership Firm Conversions: Two partnership firms - IITL-Nimbus, The Hyde Park, Noida and IITL-Nimbus, The Express Park View - were converted into private limited companies on October 08, 2026, and October 10, 2026, respectively, under Section 366 of the Companies Act, 2013.
2. Enforcement Directorate Attachment: N.N. Financial Services Private Limited (subsidiary) received Provisional Attachment Order No. 20 of 2026 dated September 18, 2026, from the Enforcement Directorate under PMLA, 2002. The order attaches 29,46,341 equity shares of Industrial Investment Trust Limited (IITL) held by the company for 180 days. The shares were acquired for ₹30.90 crore and had a market value of ₹42.13 crore as of September 18, 2026.
3. Going Concern Uncertainty: Capital Infraprojects Private Limited (associate) faces material uncertainty about going concern as current liabilities exceeded current assets by ₹10.62 crore as of September 30, 2026, with additional commitments of ₹41.46 crore for preference share redemption due in January 2028.
4. Project Updates: The company is developing The Arista Luxe project in Noida as co-developer with UP RERA recognition. Total estimated sales: ₹2,000 crore; estimated cost: ₹1,200 crore. Investment made till September 30, 2026: ₹440.86 crore.
Operational Highlights
Projects Status as on September 30, 2026:
- Total salable area: 91,01,573 Sq. Ft.
- Total sold area: 76,63,834 Sq. Ft.
- Total sale value of sold area: ₹3,55,239 lakh
- Total received value: ₹2,96,437 lakh
Presales and Collections (April-September 2026 vs April-September 2025):
- Presales Booking Value: ₹23,549 lakh (36.41% growth)
- Customer Collection: ₹12,986 lakh (12.73% growth)
Auditor's Review
The financial results were reviewed by statutory auditors M/s. Doogar & Associates, who expressed an unmodified conclusion. The review report highlighted the reliance on financial information of partnership firms and subsidiaries not reviewed by them.