Financial Results Highlights (Half Year Ended September 30, 2026)

Income Statement (₹ in Lakhs):

  • Revenue from Operations: ₹535.21 (vs. ₹387.98 in H1 FY26, +38% YoY)
  • Other Income: ₹9.83 (vs. not reported in H1 FY26)
  • Total Income: ₹545.04 (vs. ₹387.98 in H1 FY26)
  • Cost of Purchases: ₹63.97 (vs. ₹61.13 in H1 FY26)
  • Employee Benefits Expense: ₹70.76 (vs. ₹49.73 in H1 FY26)
  • Finance Cost: ₹31.22 (vs. ₹21.77 in H1 FY26)
  • Depreciation and Amortization: ₹97.21 (vs. ₹38.75 in H1 FY26)
  • Other Expenses: ₹99.22 (vs. ₹52.91 in H1 FY26)
  • Total Expenses: ₹362.39 (vs. ₹224.29 in H1 FY26, +62% YoY)
  • Profit Before Tax: ₹182.65 (vs. ₹163.71 in H1 FY26, +12% YoY)
  • Tax Expenses: ₹51.07 (including Current Tax ₹33.64, Deferred Tax ₹17.43, Earlier Year Tax Adjustment ₹1.00)
  • Net Profit: ₹131.58 (vs. ₹96.77 in H1 FY26, +36% YoY)

Earnings Per Share (Not Annualized):

  • Basic EPS: ₹1.01 (vs. ₹0.88 in H1 FY26)
  • Diluted EPS: ₹1.01 (vs. ₹0.88 in H1 FY26)

Comparative Figures:

  • H1 FY26 (30.09.2025): Net Profit ₹96.77 lakh
  • Full Year FY26 (31.03.2026): Net Profit ₹219.86 lakh (Audited)

Balance Sheet Position (as at September 30, 2026)

Equity and Liabilities (₹ in Lakhs):

  • Equity Share Capital: ₹1,299.96 (unchanged from March 2026)
  • Reserves and Surplus: ₹4,484.54 (vs. ₹4,352.97 in March 2026)
  • Total Shareholders' Funds: ₹5,784.50 (vs. ₹5,652.93 in March 2026)
  • Long Term Borrowings: ₹789.68 (vs. ₹791.30 in March 2026)
  • Short Term Borrowings: ₹335.97 (vs. ₹420.72 in March 2026)
  • Total Liabilities: ₹7,165.41 (vs. ₹7,081.78 in March 2026)

Assets (₹ in Lakhs):

  • Property, Plant and Equipment: ₹3,893.95 (vs. ₹3,082.47 in March 2026)
  • Capital Work in Progress: ₹2,172.57 (vs. ₹2,682.89 in March 2026)
  • Total Non-Current Assets: ₹6,466.22 (vs. ₹6,300.56 in March 2026)
  • Cash and Cash Equivalents: ₹57.61 (vs. ₹89.14 in March 2026)
  • Total Current Assets: ₹699.19 (vs. ₹781.23 in March 2026)

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

  • Cash from Operating Activities: ₹313.03 lakh
  • Cash used in Investing Activities: ₹(226.98) lakh (primarily purchase of property & equipment)
  • Cash used in Financing Activities: ₹(117.58) lakh (net repayment of borrowings)
  • Net decrease in cash: ₹(31.53) lakh
  • Closing Cash Balance: ₹57.61 lakh

IPO Fund Utilization Confirmation

The company confirmed there is no deviation or variation in the use of proceeds from the IPO raised on July 2, 2025 (allotment date), with total amount raised being ₹48.95 crore (including OFS of ₹4.95 crore).

Fund Utilization Details:

  • Development of 15 villas and club house: ₹3,742.11 lakh (fully utilized as allocated)
  • General corporate purposes: ₹732.95 lakh (fully utilized as allocated)
  • Total funds utilized: ₹4,475.06 lakh

The Audit Committee reviewed and approved the no-deviation statement at its meeting held on October 31, 2026.

Regulatory Compliance and Notes

  • The financial results were prepared in accordance with Accounting Standards prescribed under Section 133 of the Companies Act, 2013
  • The company is exempted from adoption of Ind AS as it is listed on SME Exchange
  • The company operates in a single reportable segment - Hospitality
  • Figures for previous periods have been regrouped/rearranged/reclassified where necessary
  • The cash flow statement has been prepared under the Indirect Method as per Accounting Standard-3

Limited Review Report

Panchal S K & Associates, Chartered Accountants (Firm Registration No.: 145989W) conducted a limited review and found no material misstatement in the financial results for the half year ended September 30, 2026.