Date: 29th May 2026
Strategic Actions
- Strategic sale of 100% shares in two operational mall assets: Ch Sambhaji Nagar Mall and Coimbatore Mall
- Gross consideration valuation: INR 1,242.5 Crore
- Target utilization: Acquire project in Premium MMR market
Financial Results (Standalone & Consolidated)
Q4 FY26 Performance:
- Total Income from operations: Rs 525.7 mn
- Other Income: Rs 86.1 mn
- Total Income including other income: Rs 611.8 mn
- EBITDA without Other Income: Rs 181.4 mn (34.5% margin)
- EBITDA: Rs 267.5 mn (50.9% margin) - up 109% from Rs 127.7 mn in Q4FY25
- Depreciation: Rs 54.8 mn
- Interest: Rs 174.8 mn
- Profit before tax: Rs 40.3 mn
- Profit after tax: Rs 39.08 mn
- PAT after minority interest: Rs 66.55 mn
Full Year FY26 Performance:
- Total Income from operations: Rs 1,952.2 mn (up 9.2% YoY)
- Revenue from real estate projects: Rs 649.2 mn (up 11.3% YoY)
- Lease rental income: Rs 1,303.0 mn (up 8.2% YoY)
- Other Income: Rs 171.8 mn
- Total Income including other income: Rs 2,124.0 mn
- EBITDA without Other Income: Rs 767.3 mn (up 70% from Rs 451.3 mn in FY25)
- EBITDA: Rs 939.0 mn (up 63% from Rs 576.2 mn in FY25)
- EBITDA without Other Income Margin: 39.3%
- EBITDA Margin: 48.1%
- Depreciation: Rs 230.4 mn
- Interest: Rs 441.6 mn
- Profit before tax: Rs 275.8 mn
- Profit after tax: Rs 178.92 mn (turned positive from loss of Rs 543.59 mn in FY25)
- PAT after minority interest: Rs 106.88 mn
Operational Updates - Retail Assets
Combined Mall Performance Q4 FY26:
- Retailer sales: Rs 2.04 billion
- Footfall: over 4.6 million
- 6 new stores opened with GLA of over 9,000 sq ft
- 5 new stores signed/under fitout for over 4,700 sq ft
Ch Sambhaji Nagar Mall Q4 FY26:
- Occupancy: 94%
- Total Operational Area: 5.48 lakh sq.ft.
- Total Leased Area: 5.50 lakh sq.ft.
- Number of Stores Leased: 127
- 5 new stores opened (~7,800 sq.ft. GLA): Cotton King, Agaro, Litestyle by PNG, Bewakoo, Wrogn
- 3 stores under fit-out (~2,500 sq.ft. GLA): Sweet Dreams, Chat & Roll, Green Hut
- Consumption up 17% and Footfall up 6% over Q4 FY25
Coimbatore Mall Q4 FY26:
- Occupancy: 96%
- Total Operational Area: 4.81 lakh sq.ft.
- Total Leased Area: 4.83 lakh sq.ft.
- Number of Stores Leased: 113
- 1 new store opened: Happenstance
- 2 brands signed (~2,200 sq.ft. GLA): Zarelle, Glamzy
- Consumption up 21% over Q4 FY25
Project Updates - Residential
Coimbatore Residential:
- Total development: ~1.9 million sq.ft. residential
- 7 towers of 18 floors comprising 1,152 apartments
- Phase 1: 3 towers of 18 floors comprising 540 apartments
- Q4 FY26: 12 net new bookings received, Rs 122 mn collected
- Two towers completed: Manhattan & Splendour
- Property tax assessment obtained and Completion report submitted to TNRERA
- Handover in Process:
- Splendour: 83 units handed over out of 144 units
- Manhattan: 5 units handed over out of 216 units
- Total: 87+ units handed over to date
- Florenza Tower construction in progress
- Amenities: Club house, swimming pool, tennis court, amphitheatre, squash court, gymnasium
Nagpur Residential:
- 0.5 million sq.ft. retail space under advanced stage of approvals
- 0.39 million additional development potential
- 4.5 million catchment population
- 15.7 acres of residential under development
- 4 towers of 14 floors comprising 336 apartments completed
- Partial OC obtained for 242 units up to 11 floors
- 209 units handed over to date, balance units handover in process
Indore Residential Phase 1:
- 1.9 million city population
- 43.5 acres comprising residential township with 5 acres for commercial
- Phase 1A, 1B & 1C for plotted development of about 200 units
- Completion certificate received for Phase 1A of 74 plots
- Approvals obtained & sales started for Phase 1B having 75 plots
- EOI received for 54 plots in Phase 1B
- Amenities: Club house, swimming pool, tennis court, amphitheatre, cricket court, meditation centre, gymnasium
Shareholding Pattern (March 2026)
- ACACIA Group: 3.01%
- Radhakishan Damani & Family: 0.90%
- Sandeep Raheja Group: 4.23%