Outcome of Board Meeting held on November 14, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. Revenue from operations was NIL for both Q2 FY26 and H1 FY26, compared to Rs. 67.19 lakhs in H1 FY25, indicating a complete halt in core real estate sales. The company reported a small net profit of Rs. 5.10 lakhs for Q2 FY26 (vs a loss of Rs. 20.62 lakhs in Q2 FY25) and Rs. 7.67 lakhs for H1 FY26 (vs a loss of Rs. 32.05 lakhs in H1 FY25), but this profit came entirely from 'Other Income' (Rs. 58.19 lakhs in Q2, likely interest income). Statutory auditor M/s. PNSV & Co issued a clean (unmodified) limited review report with no qualifications. Cash and cash equivalents stood at Rs. 3,181 lakhs as of September 30, 2025, with negligible debt of Rs. 72.66 lakhs.
Shareholders should note that the headline profit is driven entirely by interest/other income, not operational real estate activity - the core business generated zero revenue this half-year. While the balance sheet remains healthy with low debt and strong cash reserves, the absence of operational revenue raises questions about the pace of project execution and future earnings sustainability.