Announced Fri, 6 Nov, 2026 · 18:22 IST
Q2 FY27: mall sale boosts liquidity while residential sales continue
PROZONER · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Prozone Realty sold both malls to K Raheja Corp in August 2026. Q2 profit was Rs 5,677.4 million, driven by the sale gain. H1 revenue from continuing operations rose 39% to Rs 318.8 million. The company had Rs 6,690.6 million cash and investments against Rs 21.5 million debt and booked Rs 4,797 million of residential sales. However, earnings before interest, tax, depreciation and other income were negative Rs 45.1 million in Q2.
Likely market impact
The sale improves liquidity and funds development, but most Q2 profit is one-off and residential operations remain loss-making.