Outcome of the Board Meeting held on 12th February, 2026
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The Board approved unaudited financial results (standalone and consolidated) for the quarter and nine months ended 31 December 2025, along with the limited review report from Vora & Associates, which issued a clean (unmodified) opinion. On a standalone basis, nine-month profit after tax rose about 82% year-on-year to Rs. 131.57 lakhs from Rs. 72.25 lakhs, and Q3 PAT jumped to Rs. 87.65 lakhs from Rs. 11.57 lakhs in the year-ago quarter. Standalone basic EPS climbed to Rs. 0.87 from Rs. 0.57. On a consolidated basis, however, nine-month PAT fell to Rs. 207.12 lakhs from Rs. 356.02 lakhs, pulled down by the wholly-owned subsidiary Sea King Club Pvt Ltd, which reported a loss of Rs. 60.16 lakhs for the period. The company operates in a single property development segment and remains a small-cap realty player with modest absolute numbers.
Mixed results: strong standalone profit growth is encouraging, but consolidated earnings are weighed down by subsidiary losses. For retail shareholders, the clean audit and improving standalone profitability are positives, while quarterly volatility should be expected given the company's small scale. Watch subsidiary performance and overall revenue trajectory in coming quarters.