Financial Results for the quarter ended on 30th September 2025.
MCCHRLS-B · price
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Mac Charles (India) Ltd reported a sharp recovery in Q2 FY26, with standalone revenue from operations surging to ₹237.47M from just ₹33.04M in Q2 FY25, driven mainly by leasing of its newly completed Embassy Zenith office building. Standalone loss after tax narrowed significantly to ₹15.54M in Q2 FY26 from ₹134.76M in Q2 FY25. On a consolidated basis, the company still posted a loss of ₹165.62M for Q2 (vs ₹238.62M last year) and ₹374.90M for H1 FY26. The board noted related party transactions for H1 FY26 and approved the unaudited results along with a limited review report from Walker Chandiok & Co LLP with no qualifications. Key business highlights include receipt of occupancy certificate for Embassy Zenith, leasing of all floors during the quarter, a pending demerger scheme to Embassy Prism Ventures awaiting NCLT approval, and extension of inter-corporate loans to subsidiaries Blue Lagoon and Neptune by another 5 years (to 2031).
Positive short-term sentiment likely as revenue surge and sharp reduction in losses reflect successful completion and leasing of Embassy Zenith, but investors should note the consolidated entity remains loss-making with high debt-equity (~78% standalone), weak debt service coverage (DSCR 0.12), and ongoing funding to subsidiaries.