Board Meeting held on 13th November, 2025 to consider and approve Unaudited Standalone and Unaudited Consolidated Financial Result for the quarter and half year ended 30th September, 2025
Awaiting price reaction for this filing.
Board of Avishkar Infra Realty Ltd (formerly Joy Realty Ltd) met on 13 November 2025 and approved unaudited financial results for the quarter and half year ended 30 September 2025. On a standalone basis, the company swung to a profit of ₹42.11 lacs in H1 FY26 from a loss of ₹51.17 lacs in H1 FY25, though this was driven entirely by 'Other Income' (₹94.33 lacs) as Revenue from Operations remained nil. Consolidated results were weaker, showing a loss of ₹96.90 lacs in H1 FY26 versus a profit of ₹417.97 lacs for the full FY25, pulled down by project expenses at the subsidiary Avishkar Keval Kunj Redevelopment Pvt Ltd. The auditor SDP M & Co issued an unmodified (clean) limited review report on both sets of results. Other equity is negative on both standalone (₹-755.15 lacs) and consolidated (₹-896.60 lacs) bases, and consolidated borrowings stand at ₹1,994.96 lacs.
Standalone headline numbers look better year-on-year, but the profit is non-operating in nature with zero revenue from operations, while the consolidated entity is loss-making with negative reserves and high debt — a combination that may concern shareholders about the company's underlying earning power and financial stability.