BSERamsons Projects LtdHighNeutral
Announced Wed, 11 Feb · 18:13 IST

Unaudited Standalone Financial Results For The third quarter and nine months ended December 31, 2025 along with the the Limited Review Report.

Revenue Growth 20pctPat Growth 25pctResults RestatedResults View source PDF

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AI summary

Ramsons Projects reported its Q3 FY26 and nine-month standalone results. For the nine months ended Dec 31, 2025, revenue from operations stood at Rs 639.91 lakhs versus Rs 143.98 lakhs in the prior-year comparable period, while profit after tax surged to Rs 542.44 lakhs from Rs 151.76 lakhs. EPS for the period was Rs 18.04 vs Rs 9.02 for the full prior year. The balance sheet strengthened with total assets rising to Rs 1,901.43 lakhs and total equity growing to Rs 1,860.06 lakhs, supported by cash and equivalents of Rs 1,248.36 lakhs and investments of Rs 547.01 lakhs. A major development: the company voluntarily surrendered its NBFC registration with RBI effective September 17, 2025, and is now classified as a non-NBFC entity with income primarily from real estate operations. Comparative figures have been regrouped due to this change. Statutory auditors NVM & Company issued an unqualified (clean) limited review report.

Likely market impact

Strong top-line and bottom-line growth reflect the company's pivot away from NBFC activities toward real estate operations, alongside a write-back of standard asset provisions. Shareholders should note that prior-year comparisons are restated under a non-NBFC format, so headline growth numbers are partly driven by classification changes. The clean auditor report and robust cash position are positives, though the small base and single-segment concentration warrant caution.