Board Meeting Details

The Board of Directors meeting was held on November 12, 2026, commencing at 11:55 a.m. and concluding at 12:40 p.m. The results were approved and taken on record during this meeting.

Financial Results - Consolidated (Quarter Ended September 30, 2026)

Income Statement Highlights:

  • Total Income from Operations: ₹617.93 lakh (Q2 FY2027) vs ₹182.99 lakh (Q1 FY2027) vs ₹617.15 lakh (Q2 FY2026)
  • Revenue from Operations: ₹595.50 lakh
  • Other Income: ₹22.43 lakh
  • Total Expenses: ₹552.53 lakh
  • Land Purchase & Development Cost: ₹594.51 lakh
  • Change in Inventory: (₹119.75) lakh
  • Employees Benefits Expense: ₹45.93 lakh
  • Finance Cost: ₹1.81 lakh
  • Depreciation and amortization: ₹2.86 lakh
  • Other Expenses: ₹27.17 lakh
  • Profit from operations before exceptional items: ₹65.40 lakh
  • Tax Expense: ₹17.00 lakh (Current Tax)
  • Net Profit for the period from continuing operations: ₹48.40 lakh
  • Earnings per share (Basic & Diluted): ₹0.77

Financial Results - Half Year Ended September 30, 2026

Consolidated Performance:

  • Total Income: ₹800.92 lakh (H1 FY2027) vs ₹1,255.56 lakh (H1 FY2026)
  • Net Profit from continuing operations: ₹67.39 lakh (H1 FY2027) vs ₹335.22 lakh (H1 FY2026)
  • EPS (Basic & Diluted): ₹1.08

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

Assets:

  • Total Assets: ₹4,161.06 lakh vs ₹3,292.61 lakh (March 31, 2026)
  • Non-current assets: ₹2,041.40 lakh
  • Capital work-in-progress: ₹47.22 lakh
  • Investment Property: ₹3.07 lakh
  • Financial Assets: ₹1,991.11 lakh (Investments: ₹1,977.34 lakh, Loans: ₹1,977.34 lakh, Others: ₹13.77 lakh)
  • Current assets: ₹2,119.66 lakh
  • Financial assets: ₹883.28 lakh
  • Trade receivables: ₹200.17 lakh
  • Cash & cash equivalents: ₹32.30 lakh
  • Bank balances other than cash: ₹79.93 lakh
  • Loans: ₹218.19 lakh
  • Others: ₹3.36 lakh
  • Other current assets: ₹34.64 lakh

Liabilities and Equity:

  • Total Equity: ₹3,125.69 lakh
  • Equity Share Capital: ₹625.00 lakh (face value ₹10 each)
  • Other equity: ₹2,500.69 lakh
  • Non-current liabilities: ₹20.17 lakh
  • Deferred tax liability: ₹8.44 lakh
  • Provisions: ₹11.73 lakh
  • Current liabilities: ₹1,015.20 lakh
  • Borrowings: ₹76.85 lakh
  • Trade payables: ₹440.04 lakh
  • Other financial liabilities: ₹5.45 lakh
  • Other current liabilities: ₹492.86 lakh

Segment-wise Performance (Quarter Ended September 30, 2026)

Revenue by Segment:

  • Shares Broking: ₹76.10 lakh
  • Real Estate: ₹541.83 lakh
  • Total: ₹617.93 lakh

Segment Expenses:

  • Shares Broking: ₹22.24 lakh
  • Real Estate: ₹528.48 lakh
  • Total: ₹550.72 lakh

Segment Results:

  • Shares Broking Profit before interest & taxes: ₹53.86 lakh
  • Real Estate Profit before interest & taxes: ₹13.35 lakh
  • Total segment result: ₹67.21 lakh

Corporate Structure Changes

The company retired as a partner from M/s Sugal Earthen Spaces Developers LLP and M/s Solidus Developers LLP (formerly subsidiaries) with effect from August 5, 2026. The financials of these two LLPs have not been considered for the purpose of the consolidated financial statement.

The statement includes the results of M/s Sugal Earthen Spaces LLP and M/s SGVS Developers LLP (associates).

Auditor Review

Diyali B and Associates, Chartered Accountants (Firm Regn No: 017740S) conducted a limited review of the financial results for the quarter ended September 30, 2026, in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

The auditors concluded that nothing came to their attention that causes them to believe that the accompanying statement contains any material misstatement.

Standalone Financial Results

The standalone financial results mirror the consolidated results with identical figures for revenue, profit, and EPS, indicating that the subsidiaries/associates did not contribute significantly to consolidated numbers.

Cash Flow Statement (Half Year Ended September 30, 2026)

Consolidated Cash Flows:

  • Net cash flow from operating activities: ₹76.68 lakh
  • Net cash flow used in investing activities: (₹60.31) lakh
  • Net cash flow from financing activities: ₹28.56 lakh
  • Net increase in cash and cash equivalents: ₹44.93 lakh
  • Cash and cash equivalents at end of period: ₹79.93 lakh

Additional Information

  • Previous quarters'/years' figures have been regrouped/reclassified and rearranged wherever necessary
  • Provision for Deferred tax shall be made at the year end
  • The Audit Committee reviewed the results before board approval