Key Quantitative Figures - Standalone (Q2 FY27)

  • Revenue from operations: ₹53.14 crore
  • Other income: ₹1.53 crore
  • Total income: ₹69.06 crore
  • Total expenses: ₹917.67 crore
  • Profit before tax: (₹227.10) crore loss
  • Tax expense: ₹43.35 crore (Deferred tax)
  • Profit for the period: (₹270.45) crore loss
  • Basic earnings per share: (₹0.39) per share of ₹10/- each
  • Diluted earnings per share: (₹0.39) per share of ₹10/- each

Key Quantitative Figures - Standalone (H1 FY27)

  • Revenue from operations: ₹104.72 crore
  • Other income: ₹5.18 crore
  • Total income: ₹156.54 crore
  • Total expenses: ₹2,398.47 crore
  • Profit before tax: (₹833.08) crore loss
  • Tax expense: ₹58.49 crore (Deferred tax)
  • Profit for the period: (₹891.57) crore loss

Segment Performance - Standalone (Q2 FY27)

  • Construction and Development Revenue: ₹13.80 crore | Segment Result: (₹143.40) crore loss
  • Hospitality - Hotels and Resorts Revenue: ₹399.41 crore | Segment Result: (₹124.20) crore loss
  • Unallocated Corporate Revenue: ₹153.14 crore

Consolidated Financial Highlights (Q2 FY27)

  • Revenue from operations: ₹555.14 crore
  • Profit for the period: (₹310.05) crore loss
  • Basic earnings per share: (₹0.46) per share of ₹10/- each

Consolidated Financial Highlights (H1 FY27)

  • Revenue from operations: ₹1,041.17 crore
  • Profit for the period: (₹517.00) crore loss

Cash Flow Statements - Standalone (H1 FY27)

  • Net cash flows from operating activities: ₹360.67 crore
  • Net cash flows used in investing activities: (₹335.07) crore
  • Net cash flows used in financing activities: (₹279.53) crore
  • Net decrease in cash and cash equivalents: (₹253.93) crore
  • Cash and cash equivalents at period end: ₹135.97 crore

Balance Sheet Position - Standalone (as at 30-09-2026)

  • Total Assets: ₹68,553.12 lakh
  • Total Equity: ₹49,547.82 lakh
  • Total Liabilities: ₹19,005.30 lakh

Parties Involved

  • Board of Directors of Prajay Engineers Syndicate Limited
  • Statutory Auditors: Karumanchi & Associates, Chartered Accountants
  • Subsidiaries: Prajay Holdings Private Limited, Prajay Retail Properties Private Limited, Secunderabad Golf and Leisure Resort Private Limited
  • Associates: Prajay Properties Private Limited
  • Investor Entities: Whitestock Limited, Belclare Limited
  • Regulatory Bodies: SEBI, NCLT Hyderabad Bench
  • Arbitration Forum: International Arbitration and Mediation Centre (IAMC), Hyderabad

Dates of Action

  • Board Meeting: 12-11-2026 (commenced 4:30 PM, concluded 5:15 PM)
  • Financial Period: Quarter and Half Year ended 30-09-2026
  • Auditor's Review Report Date: 12-11-2026
  • Arbitration Appointment: Hon'ble High Court order dated 28-07-2022

Emphasis Matters

1. NCLT Settlement: The Settlement Agreement has been executed between Investor Entities (White Stock Limited & Belclare Limited) and Prajay Entities under the auspices of International Arbitration and Mediation Centre (IAMC), Hyderabad. The compromise terms have been filed before NCLT Hyderabad, and the cases have been disposed off.

2. Arbitration Proceedings: The Government of Andhra Pradesh (now Telangana) Tourism Department and the Company (with subsidiary Secunderabad Golf and Leisure Resort Private Limited) entered into Lease and Construction & Management Agreements. Arbitration was invoked due to disputes, and Hon'ble S M Rafee (Retired District Judge) was appointed as Arbitrator on 28-07-2022 in Arbitration Application No. 86 of 2022. Proceedings are in progress.

Financial Impact

Financial impact of the ongoing arbitration proceedings is not quantified in the disclosure.

Capital Structure Impact

No change in share capital reported. Equity share capital remains at ₹699.358 lakh.

Forward-looking Commentary

Management notes that due to economic slowdown and continued recessionary tendencies in the realty sector, realizations from customers are very slow.

Audit Review

The financial results have been reviewed by the Statutory Auditors (Karumanchi & Associates) and approved by the Audit Committee and Board of Directors.