Audited standalone and consolidated financial results for the quarter and year ended 31st March 2026.
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G.G. Dandekar Properties reported standalone net profit of Rs 273.07 lakh for FY26 versus a loss of Rs 24.20 lakh in FY25. Revenue from operations declined marginally to Rs 351.34 lakh from Rs 360.27 lakh. The profit turnaround was primarily driven by exceptional items totaling Rs 360.26 lakh, including Rs 394.94 lakh gain from sale of freehold land in Bhiwandi and Rs 232.01 lakh gain from NDPL share buyback, partially offset by Rs 266.70 lakh impairment loss on investments. Consolidated net profit stood at Rs 161.88 lakh. The company had debt of Rs 380.12 lakh and reported positive operating cash flow of Rs 55.93 lakh. Auditors issued an unmodified opinion. Unpaid statutory dues of Rs 2.04 lakh towards PF and pension contributions were noted due to technical issues.
The stock may see mixed reaction as headline PAT growth looks strong but is inflated by one-time land sale and investment gains. Underlying core operations remain weak with revenue decline and pre-exceptional losses. The substantial exceptional income provides a one-time boost that is unlikely to recur.