Peninsula Land Limited has informed the Exchange regarding Board meeting held on August 06, 2025 for approving the Unaudited Financial Results for the quarter ended June 30, 2025
PENINLAND · price
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Peninsula Land's board approved unaudited standalone and consolidated results for Q1FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose to Rs 3,684 lakhs from Rs 3,003 lakhs year-on-year (~22.7% growth), but the company posted a loss after tax of Rs 581 lakhs versus Rs 188 lakhs in Q1FY25, driven by exceptional impairment of Rs 643 lakhs on loans to subsidiaries and joint ventures. Consolidated loss after tax widened to Rs 585 lakhs from Rs 193 lakhs. The auditor (SRBC & Co LLP) flagged an emphasis-of-matter on the company's Rs 9,615 lakhs (standalone) / Rs 9,184 lakhs (consolidated) exposure to Hem Infrastructure and Property Developers Pvt Ltd (HIPDPL), a joint venture where NCLT has initiated insolvency proceedings in July 2025 on a petition by JM Financial Credit Solutions over a Rs 266 crore corporate guarantee. The board also re-appointed Rajeev Piramal and Nandan Piramal for 5-year terms, and appointed a new Secretarial Auditor, Internal Auditor, and Independent Director.
Short-term, the wider Q1 loss and the unresolved HIPDPL insolvency overhang remain key risks for shareholders, with the auditor unable to confirm recoverability of nearly Rs 96-100 crore in exposures. Revenue growth is a positive signal, but persistent losses, recurring impairments, and the contingency from NCLT proceedings could keep the stock under pressure until the HIPDPL matter is resolved.