Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting and Submission of Unaudited Financial Results

Date of Board Meeting / Approval: November 4, 2026

Audit Opinion: Unmodified opinion (clean)

Auditor’s Comment: The statutory auditors, M/s SSRV & Associates, issued a limited review report with an unmodified opinion. They noted that the Q2 figures are balancing figures between audited full-year figures and reviewed year-to-date figures up to Q3 of the previous year.

Key Financial Highlights [Amounts in ₹ Lakhs]

Standalone Results:

Revenue from Operations:

  • Q2 FY27: ₹3,661.60 (vs. Q2 FY26: ₹1,091.89 | +235% YoY)
  • H1 FY27: ₹8,109.10 (vs. H1 FY26: ₹5,235.01 | +55% YoY)

Total Income:

  • Q2 FY27: ₹3,732.76
  • H1 FY27: ₹8,430.02

Net Profit:

  • Q2 FY27: ₹190.32 (vs. Q2 FY26: ₹55.36 | +244% YoY)
  • H1 FY27: ₹623.67 (vs. H1 FY26: ₹395.69 | +58% YoY)

EPS (₹):

  • Basic Q2 FY27: 0.40
  • Diluted Q2 FY27: 0.40
  • Basic H1 FY27: 1.30
  • Diluted H1 FY27: 1.30

Other Equity: ₹13,775.08 (vs. March 31, 2026: ₹13,250.85)

Cash and Cash Equivalents: ₹1,107.42 (vs. March 31, 2026: ₹295.82)

Debt:

  • Total Borrowings: ₹12,968.27 (Non-current: ₹11,029.94; Current: ₹1,938.33)
  • (vs. March 31, 2026 Total: ₹8,648.83)

Consolidated Results:

Revenue from Operations:

  • Q2 FY27: ₹3,664.59
  • H1 FY27: ₹8,182.83

Net Profit:

  • Q2 FY27: ₹103.42
  • H1 FY27: ₹507.12
  • Attributable to owners: Q2 FY27: ₹105.28; H1 FY27: ₹510.02

EPS (₹):

  • Basic Q2 FY27: 0.22
  • Diluted Q2 FY27: 0.22
  • Basic H1 FY27: 1.07
  • Diluted H1 FY27: 1.07

Segment-wise Performance:

The company operates primarily in the Real Estate business. Pursuant to Ind AS 108, no separate segment disclosure is made as the company has only one geographical segment and no other separate reportable business segment.

Corporate Actions:

Dividend: The Board declared an interim dividend of ₹0.20 per share (2%) on equity shares of face value ₹10/- each for FY 2026-27. The record date for determining shareholder eligibility is November 18, 2026.

Other Significant Information:

Capital History: The paid-up share capital is ₹4,785.88 lakh, built up from an opening capital of ₹3,058.70 lakh, conversion of share warrants (1,000.00 lakh on 29.10.2024 and 259.00 lakh on 31.01.2026), and a preferential allotment of 468.1709 lakh shares on 11.12.2024.

Warrant Lapse: 1,75,000 convertible warrants allotted on 11 December 2024 lapsed as the holder did not exercise the conversion option. The forfeited upfront amount of ₹0.31 lakh was transferred to Capital Reserve.

Impairment: An intangible asset (work in progress) with a carrying amount of ₹49.78 lakh was written off as an impairment loss after management concluded the related project would not generate future economic benefits.

New Partnership: On April 10, 2026, the company became a partner in Sumit Borivali Developers LLP with a 99% profit-sharing ratio.

Taxation: The company has opted for the lower tax regime under Section 115BAA of the Income Tax Act since FY 2019-20.

Revenue Recognition: Revenue is recognized over time using the percentage-of-completion method (POC). 100% revenue is booked for apartments sold and agreements registered after obtaining the Occupancy Certificate.

Seasonality: The document notes that the real estate sector exhibits inherent seasonality, causing quarterly financial figures to fluctuate.