Emami Realty Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
EMAMIREAL · price
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Emami Realty's board approved unaudited standalone and consolidated financial results for Q1 FY26 (ended 30 June 2025), along with appointing V.K. Jain & Co as Cost Auditors for FY25-26 and approving voluntary delisting from the Calcutta Stock Exchange. Revenue from operations grew about 31% year-on-year on a standalone basis to Rs 584.85 lakhs (from Rs 445.02 lakhs). However, the company reported a sharply wider standalone loss after tax of Rs 5,078.65 lakhs versus Rs 1,399.72 lakhs in Q1 FY25, largely driven by a one-time impairment provision of Rs 85 crores on loans given. Total comprehensive loss for the quarter stood at Rs 5,078.65 lakhs (standalone) and Rs 5,080.48 lakhs (consolidated). EPS worsened to Rs (11.85) from Rs (3.70) in the year-ago quarter. The statutory auditors issued an unmodified limited review opinion, though they flagged that financial results of some associates and Lohitka Properties LLP were not available for consolidation.
The wider quarterly loss, mainly due to the large impairment provision, is a negative signal for near-term profitability, though the revenue growth from operations is encouraging. The voluntary delisting from the Calcutta Stock Exchange is a procedural move with no material impact, as the stock is primarily traded on BSE and NSE. Shareholders should monitor progress on monetising real estate inventory and recovery of the impaired loans.