CREST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Crest Ventures, an RBI-registered NBFC listed on NSE and BSE, has released its Q4FY26 update covering its two business verticals: Real Estate and Financial Services. The company reported consolidated networth of Rs 1,307 crores with a healthy debt/equity ratio of 0.21. Total investments at market value increased 61% to Rs 285.35 crores, driven by higher unlisted shares (Rs 128.39 crs) and liquid mutual funds (Rs 86.82 crs). Real estate investments at cost rose 84% to Rs 998.30 crores with project inventories more than doubling to Rs 824.68 crores. However, profit before tax declined 43% to Rs 64.54 crores versus Rs 112.47 crores last year, primarily due to a 42% drop in financial services segment income to Rs 64.16 crores. The ICD/Loan book reduced significantly from Rs 408.18 crores to Rs 115.81 crores while cash position strengthened to Rs 129.02 crores. The company highlighted 9 ongoing real estate projects across Mumbai, Chennai, Raipur, and Jaipur with total GDV of over Rs 4,335 crores, plus 5 upcoming projects including Crest Legacy at Dadar (GDV Rs 2,200 crores).
The sharp decline in financial services income and overall PBT may concern short-term investors, though the company is transitioning capital toward higher real estate exposure with strong project pipelines. The strengthened cash position and deleveraged balance sheet provide financial flexibility for upcoming project launches. Long-term shareholders may view the strategic pivot toward real estate as positive given the strong GDV pipeline.