Outcome of board meeting held on August 14, 2025
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Ratnabhumi Developers' board met on August 14, 2025 and approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations fell sharply to Rs. 2,829.35 lakhs (standalone) from Rs. 5,325.61 lakhs in Q1 FY25, a drop of nearly 47%. Despite the revenue decline, profit before tax rose to Rs. 260.23 lakhs from Rs. 216.81 lakhs, and PAT stayed almost flat at Rs. 196.79 lakhs (vs Rs. 200.76 lakhs), with EPS at Rs. 1.44. The auditor (MAAK & Associates) issued an unmodified (clean) limited review report. The board also approved re-appointment of MD Kaivan Shah (retiring by rotation) and set the 19th AGM for September 27, 2025 via video conferencing.
Sharply lower revenue is a concern for shareholders as it signals weak top-line momentum in the real estate business this quarter, though improved margins cushioned profits. The clean auditor report and routine AGM-related approvals are neutral positives, with no major corporate action surprises.