Revised outcome is being submitted -of the meeting of Board of Directors held on 13 November 2025 - only to the extend of including the time of commencement of meeting - 11.25 am
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G. G. Dandekar Properties Ltd (formerly G. G. Dandekar Machine Works Ltd) submitted a revised board meeting outcome (adding start time 11:25 am) along with its Q2 and H1 FY26 results. Standalone revenue from operations rose about 18% YoY to ₹189.27 lakhs in H1 FY26 from ₹160.22 lakhs, though Q2 revenue dipped slightly to ₹82.78 lakhs from ₹87.28 lakhs. The company swung to a standalone profit (EPS ₹7.53) in H1 FY26 from a loss (EPS ₹(1.64)) a year ago, largely aided by a ₹394.94 lakh exceptional gain on sale of a freehold land parcel in Bhiwandi. Total borrowings stood at ₹395.28 lakhs with no defaults. Old income tax disputes (AY 2011-12 and AY 2013-14) remain pending under the DTVSV scheme with no progress this quarter. The board also approved subscribing to a share buyback offer from its associate, Navasasyam Dandekar Private Limited.
The land-sale exceptional gain significantly boosted H1 earnings, while core leasing revenue shows modest growth. No debt stress and the small-cap nature mean the stock may react mainly to the one-time gain and the buyback decision in the associate company.