Approval of Un-audited Financial Results (Both Standalone and Consolidated) for the quarter and half year ended 30.09.2025
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The board approved unaudited financial results for the quarter and half year ended 30 September 2025. Standalone revenue from operations dropped sharply to Rs. 214.96 lakhs in Q2 (vs Rs. 604.75 lakhs in Q2 FY25) and to Rs. 399.46 lakhs in H1 (vs Rs. 1,564.26 lakhs in H1 FY25). Despite the revenue fall, standalone Q2 net profit rose to Rs. 152.21 lakhs from Rs. 67.33 lakhs, though H1 profit declined to Rs. 175.65 lakhs from Rs. 407.32 lakhs. Finance costs remained heavy at Rs. 576.92 lakhs for H1, and short-term borrowings climbed to Rs. 10,657 lakhs from Rs. 7,736 lakhs. The company also received Rs. 3,884.71 lakhs as share warrant money, boosting equity to Rs. 11,485 lakhs. On a consolidated basis, total assets stood at Rs. 1,17,096 lakhs with consolidated H1 net profit of Rs. 45.51 lakhs. Statutory auditor L.B. Jha & Co issued an unmodified limited review report on both sets of results.
Sharply lower standalone revenue and weak H1 profitability signal operational stress, even as Q2 standalone PAT showed improvement. The debt-to-equity ratio is near 1.0 with rising short-term borrowings, while the share warrant infusion strengthens the balance sheet. Investors should weigh the steep revenue contraction against the capital raise and watch for recovery in the core real estate business.