The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended 30th September 2026 along with the Limited Review Report issued by Statutory Auditors Pravin Chandak & Associates.

Standalone Financial Performance (Rs. in Lakhs)

Quarter Ended 30-09-2026:

  • Revenue from operations: 464.84
  • Other income: 66.64
  • Total Income: 531.48
  • Total Expenses: 441.37
  • Profit before tax: 90.11
  • Tax expense: 25.51
  • Net Profit: 64.60
  • Total Comprehensive Income: 64.60
  • Basic EPS: ₹0.08
  • Diluted EPS: ₹0.08
  • Paid-up equity share capital: 826.98 (Face value Re. 1/- each)

Half Year Ended 30-09-2026:

  • Revenue from operations: 576.20
  • Other income: 130.33
  • Total Income: 706.54
  • Total Expenses: 597.92
  • Profit before tax: 108.61
  • Tax expense: 30.13
  • Net Profit: 78.48
  • Total Comprehensive Income: 78.48
  • Basic EPS: ₹0.09
  • Diluted EPS: ₹0.09

Comparative Figures (Quarter):

  • Q2 FY26 Revenue: 66.09
  • Q2 FY26 Net Profit: 28.55
  • Q1 FY27 Revenue: 111.36
  • Q1 FY27 Net Profit: 13.88

Consolidated Financial Performance (Rs. in Lakhs)

Quarter Ended 30-09-2026:

  • Revenue from operations: 464.84
  • Other income: 66.64
  • Total Income: 531.48
  • Total Expenses: 441.37
  • Profit before tax: 90.11
  • Tax expense: 25.51
  • Net Profit before share of associates: 64.60
  • Share of profit of associates: 1.54
  • Net Profit for the period: 66.14
  • Total Comprehensive Income: 66.14
  • Attributable to owners: 66.14
  • Basic EPS: ₹0.08
  • Diluted EPS: ₹0.00

Half Year Ended 30-09-2026:

  • Revenue from operations: 576.20
  • Other income: 130.33
  • Total Income: 706.54
  • Total Expenses: 597.92
  • Profit before tax: 108.61
  • Tax expense: 30.13
  • Net Profit before share of associates: 78.48
  • Share of profit of associates: 2.98
  • Net Profit for the period: 81.46
  • Total Comprehensive Income: 81.46
  • Attributable to owners: 81.46
  • Basic EPS: ₹0.10
  • Diluted EPS: ₹0.10

Balance Sheet Position (Standalone as at 30-09-2026)

Assets (Rs. in Lakhs):

  • Total Assets: 9,239.61
  • Non-current assets: 3,070.36
  • Property, plant and equipment: 10.27
  • Investments: 2,120.34
  • Other financial assets: 871.90
  • Deferred tax assets: 0.53
  • Non-current tax assets: 67.33
  • Current assets: 6,169.25
  • Inventories: 3,226.69
  • Trade receivables: 114.58
  • Cash and cash equivalents: 12.07
  • Bank balances: 6.42
  • Other financial assets: 2,809.49

Liabilities and Equity (Rs. in Lakhs):

  • Total Equity: 4,426.86
  • Equity share capital: 826.98
  • Other equity: 3,599.88
  • Current liabilities: 4,812.75
  • Borrowings: 2,193.53
  • Trade payables: 688.15
  • Other financial liabilities: 1,790.06
  • Other current liabilities: 62.63
  • Provisions: 78.38

Cash Flow Statement (Standalone Half Year Ended 30-09-2026)

  • Net cash outflow from operating activities: (324.44)
  • Net cash inflow from investing activities: 130.33
  • Net cash inflow from financing activities: 205.70
  • Net increase in cash and cash equivalents: 11.59
  • Cash and cash equivalents at beginning: 0.48
  • Cash and cash equivalents at end: 12.07

Operational Updates and Project Status

Zodiac Guruchhaya Project (Vile Parle East, Mumbai):

  • Construction work commenced on 14th July 2025
  • Project delayed due to pending negotiations with tenants of Gajanan Niwas
  • Company expects to finalize agreements with tenants by end of December 2026
  • Entered into joint venture agreement with JDR Primevista LLP for redevelopment
  • JV expected to strengthen execution capabilities and support timely completion

Zodiac Anjaneshwar Project (Vile Parle East, Mumbai):

  • Redevelopment project delayed due to pending clarifications from Municipal Corporation regarding applicability of Regulation 33(12) policy
  • Work on constructed floors is in progress

Financial Compliance Note

During the period under review, there was a delay of 45 days in the repayment of the Drop Down Overdraft (OD) facility availed from Punjab National Bank. The account has since been regularized. The Company has implemented corrective measures to strengthen financial discipline and improve liquidity management to prevent recurrence.

Auditor's Review

Pravin Chandak & Associates conducted limited review of both standalone and consolidated financial results in accordance with Standard on Review Engagements (SRE) 2410. The review report states that nothing has come to their attention that causes them to believe that the financial results are not prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34.

Segment Information

The Company operates in a single segment: Real Estate and Real Estate Development. Results are reported on a single segment basis.

Associates Included in Consolidation

  • Mumbai Mega Development Pvt. Ltd.
  • Zodiac Developers Pvt. Ltd.
  • Zodiac Capital Pvt. Ltd.

Parent Company's share of net profit after tax of associates is Rs. 1.54 lakh for the quarter and Rs. 2.98 lakh for the half year ended September 30, 2026.