India Homes Q1 FY27 investor presentation - Mumbai redevelopment pivot
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India Homes (formerly India Steel Works) shared its Q1 FY27 investor presentation highlighting the transformation into a Mumbai-focused real estate redevelopment platform. Q1 PAT swung to a small profit from prior-year loss, EPS at Rs 0.09 vs Rs (0.04). ARC settlement with J.C. Flowers enables Khopoli land development. Four-project pipeline in Wadala, Matunga, Chembur and Khopoli. Promoters plan to consolidate privately held land bank under the company, subject to shareholder approval.
Signals a successful turnaround from steel to real estate with debt resolved and a visible redevelopment pipeline, though financials remain early-stage.