To consider and approve the Financial Results for the Qtr ended 30.06.2025
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The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations jumped to Rs. 470.19 lakhs (from Rs. 159.41 lakhs in Q1 FY25) and standalone profit after tax rose sharply to Rs. 102.81 lakhs (from Rs. 12.55 lakhs). On a consolidated basis, revenue grew to Rs. 541.48 lakhs and profit after tax reached Rs. 138.26 lakhs (vs Rs. 60.28 lakhs). The Board also appointed Mr. Kavya Arora (son of promoter Sanjeev Arora, who resigned as CMD to join the government as a Cabinet Minister) as the new Managing Director, and Ms. Ketki Gupta (Kavya's sister) as Joint Managing Director. Additionally, M/s HDSG & Associates was recommended as the new statutory auditor for a five-year term, replacing M/s Khandelwal Jain & Co. who completed their term. The auditor's review report is clean with no qualifications or adverse remarks.
Strong quarter with more than doubled revenue and sharply higher profits suggest a significant turnaround in the real estate business, which is positive for shareholders. The leadership transition signals family-driven succession after the former CMD's government appointment, and the routine auditor change post a completed five-year term is a normal governance event requiring shareholder approval at the upcoming AGM.