Q2 FY27 revenue and profit decline despite Rs110m land gain
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For unaudited Q2 FY27, standalone revenue fell 15% to Rs3,197m and profit after tax fell 8% to Rs398m; H1 revenue fell 5% to Rs6,200m but profit rose 4% to Rs739m. Consolidated Q2 revenue fell 16% to Rs3,263m and profit fell 9% to Rs400m; H1 revenue fell 6% to Rs6,294m and profit fell 9% to Rs732m. A Rs110m gain from Nashik land for the Ring Road project supported profit. H1 cash from operations was Rs1,435m and borrowings were negligible.
Revenue and profit fell, despite a one-off gain. Strong cash generation and almost no borrowings help, but underlying margins narrowed.