Revised outcome - Auditor Report as per SEBI prescribed Format
LANDSMILL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Landsmill Green Limited (formerly Excel Realty N Infra Limited) announced audited standalone and consolidated financial results for FY ended March 31, 2026. Standalone revenue from operations fell sharply to Rs 729.82 lakhs from Rs 1,362.69 lakhs in FY25, a drop of about 46%, though total revenue was supported by Rs 547.66 lakhs of other income. Despite the revenue decline, standalone net profit rose to Rs 141.36 lakhs (from Rs 129.38 lakhs) and consolidated net profit jumped to Rs 93.93 lakhs (from Rs 69.14 lakhs), driven mainly by other income. The auditor Devpura Navlakha & Co. issued an unmodified opinion on both standalone and consolidated results, though the standalone report is subject to an emphasis of matter paragraph. Consolidated results include the UAE-based subsidiary Excel Info FZE, which contributed Rs 14.44 lakhs in revenue and Rs 4.02 lakhs in net profit. The trading window for insiders reopens from May 29, 2026.
The clean audit opinion is a positive for credibility, but the sharp fall in core operating revenue is a concern for shareholders, as profits are being sustained by non-operating income. Short-term sentiment may be cautious until the company clarifies the reason for the revenue decline and the emphasis of matter noted by auditors.