Un-audited standalone and consolidated financial results for quarter ended 30th June 2025
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G. G. Dandekar Properties Ltd reported Q1 FY26 results showing revenue from operations of ₹106.49 lakhs, up ~46% from ₹72.94 lakhs in Q1 FY25. Other income was ₹16.50 lakhs, taking total income to ₹122.98 lakhs. The headline profit of ₹383 lakhs (EPS of ₹8.05) was driven almost entirely by a one-time gain of ₹401 lakhs from sale of freehold land in Bhiwandi, recorded as an exceptional item. Excluding this gain, the core leasing business remains in a small loss at the operating level. The auditor (CNK JBMS & Associates) issued an unmodified review report. Total debt stands at ~₹402.62 lakhs with no defaults; equity is ~₹4,624 lakhs.
Headline profitability is artificially boosted by a one-off land sale and not reflective of recurring business performance. Shareholders should treat the EPS jump as non-recurring; the underlying property-leasing operations remain marginally loss-making. Pending Income Tax dispute resolutions under the DTVSV scheme are a key monitorable.