Key Financial Figures - Consolidated Results

Income Statement (₹ in Millions)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹4,116.92
  • Other income: ₹232.71
  • Total Income: ₹4,349.63
  • Total Expenses: ₹4,159.02
  • Profit before tax: ₹190.54
  • Tax expenses: ₹132.78
  • Net profit: ₹57.76
  • Total Comprehensive Income: ₹60.29

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹7,498.53
  • Other income: ₹611.51
  • Total Income: ₹8,110.04
  • Total Expenses: ₹7,163.19
  • Profit before tax: ₹946.78
  • Tax expenses: ₹391.49
  • Net profit: ₹555.29
  • Total Comprehensive Income: ₹558.54

Earnings Per Share (Face value ₹2 each)

Quarter Ended September 30, 2026:

  • Basic EPS: ₹1.17
  • Diluted EPS: ₹1.17

Half Year Ended September 30, 2026:

  • Basic EPS: ₹5.59
  • Diluted EPS: ₹5.59

Balance Sheet Position as at September 30, 2026 (Consolidated)

  • Total Assets: ₹102,544.96 million
  • Total Equity: ₹8,448.16 million
  • Total Liabilities: ₹94,096.80 million
  • Paid-up Equity Share Capital: ₹295.58 million

Key Financial Figures - Standalone Results

Quarter Ended September 30, 2026:

  • Total Income: ₹144.81
  • Total Expenses: ₹172.43
  • Net loss: ₹(27.62) before tax, ₹18.77 profit after tax
  • Basic EPS: ₹0.15

Half Year Ended September 30, 2026:

  • Total Income: ₹221.77
  • Total Expenses: ₹347.54
  • Net loss: ₹(125.77) before tax, ₹(62.10) after tax
  • Basic EPS: ₹(0.49)

Capital Structure Impact

IPO Completion

During the quarter, the company completed its Initial Public Offer (IPO) of 16,397,393 equity shares of face value ₹2 each at an issue price of ₹305 per share. The issue comprised 100% fresh issue aggregating to ₹5,000.00 million. The equity shares were listed on NSE and BSE on October 5, 2026.

IPO Proceeds Utilization

  • Repayment of borrowings by Holding Company: ₹1,000.00 million (fully utilized)
  • Investment in subsidiaries for debt repayment: ₹2,250.00 million (fully utilized)
  • Funding future projects and corporate purposes: ₹1,170.00 million (₹300.00 million utilized, ₹870.00 million balance)
  • Pre-IPO expenses: ₹580.00 million (₹220.64 million utilized, ₹359.36 million balance)
  • Total utilization: ₹3,770.64 million as of report date
  • Unutilized amounts are held in bank accounts and fixed deposits

CCD Conversion

During the half year ended September 30, 2026, all outstanding Compulsorily Convertible Debentures amounting to ₹1,500.00 million issued to HDFC Capital Affordable Real Estate Fund - 3, together with accrued interest of ₹67.187 million, were converted into equity shares at conversion price of ₹342.49, resulting in issuance of 6,341,436 equity shares.

Significant Corporate Developments

Demerger Approval

The NCLT approved the Scheme of Demerger between Evie Real Estate Private Limited and Evie Developers Private Limited via order dated July 28, 2026. The Scheme has an appointed date of April 1, 2026, and requires accounting under pooling of interests method.

Land Compensation

Two subsidiaries received compensation aggregating ₹1,852.56 million (principal + interest) for land acquired at Usarghar, Kalyan, District Thane, Maharashtra for the Virar-Alibaug Multimodal Corridor project.

Auditor Review

Singhi & Co, Statutory Auditors, conducted limited review of both standalone and consolidated financial results. Their review reports include qualifications regarding:

  • Five subsidiaries with total assets of ₹47,916.06 million not reviewed by them but by other auditors
  • Thirteen subsidiaries with total assets of ₹9,432.63 million having unaudited financial information not reviewed by their auditors
  • Figures for corresponding quarter/half year ended September 30, 2025 not subjected to review or audit

Entity Structure

The consolidated results include the Holding Company and 24 entities (subsidiaries, joint ventures, and associates) as listed in Annexure 1 of the review report.