Prozone Realty Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PROZONER · price
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Prozone Realty reported audited standalone net profit of Rs. 719.18 lakhs for FY2026, nearly doubling from Rs. 360.87 lakhs in FY2025 (99% PAT growth). Revenue from operations remained flat at Rs. 1,044.93 lakhs. Other income surged significantly to Rs. 1,827.91 lakhs from Rs. 1,032.15 lakhs, driven by fair value gains on investments. On a consolidated basis, revenue grew 9% to Rs. 19,522.18 lakhs with net profit of Rs. 1,789.22 lakhs versus a loss of Rs. 5,435.93 lakhs last year. The auditors issued unmodified opinions on both standalone and consolidated results. Key notes include: MCA rejected the company's application for re-appointment of Deputy Managing Director, with Rs. 682 lakhs in remuneration under review; the company plans to sell its mall assets to Inorbit Malls; and a subsidiary faces NOC issues for a Nagpur project with Rs. 6,818.25 lakhs inventory at potential risk.
Strong turnaround in profitability on consolidated basis. However, related party transactions involving director remuneration and inter-company loans, along with potential asset sale, create ongoing governance and execution risks that investors should monitor.