Unaudited Standalone and Consolidated Financial Results for the Quarter ended December 31, 2025
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Ratnabhumi Developers, an Ahmedabad-based real estate company, reported a sharp drop in Q3 FY26 revenue. Consolidated revenue from operations fell to ₹790.37 lakhs from ₹4,652.10 lakhs in Q3 FY25, a decline of roughly 83% year-on-year. Nine-month revenue also dropped to ₹4,654.65 lakhs from ₹17,889.73 lakhs. Despite the steep revenue fall, profit before tax actually improved to ₹87.70 lakhs (₹53.47 lakhs last year) as the company scaled back expenses, especially purchases of stock and other costs. Net profit for the quarter was ₹61.40 lakhs versus ₹58.73 lakhs, with EPS of ₹0.45 (₹0.43). Standalone figures were broadly similar. The statutory auditor MAAK & Associates issued an unmodified limited review report on both standalone and consolidated results.
The sharp revenue decline is a concern and likely reflects lower project sales or completion cycles typical of real estate firms, but the company managed to protect profitability. Shareholders should watch whether revenue normalises in coming quarters; the stock may see volatility given the steep topline contraction.