In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to intimate that in the Board Meeting held today (i.e. Friday, ....
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Ratnabhumi Developers' board approved its unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended December 31, 2025). Consolidated revenue from operations fell sharply to ₹790.37 lakhs from ₹4,652.10 lakhs in the same quarter last year, an ~83% year-on-year drop. Despite the steep revenue decline, consolidated profit after tax (PAT) inched up to ₹61.40 lakhs versus ₹58.73 lakhs in Q3 FY25. For the nine-month period (9M FY26), consolidated revenue dropped to ₹4,654.65 lakhs from ₹17,889.73 lakhs (~74% decline), while 9M PAT was ₹286.09 lakhs versus ₹310.32 lakhs. Standalone numbers largely mirror the consolidated picture. The statutory auditor, MAAK & Associates, issued an unmodified limited review report on both sets of results. The company has one wholly-owned subsidiary (Ratnabhumi Techno Engg) and three associate LLPs.
The dramatic ~83% fall in quarterly revenue is a major red flag for this Ahmedabad-based real estate developer and signals weak project sales or delivery activity. While bottom-line numbers are still positive, the shrinking top line could weigh on future earnings and investor sentiment around the stock.