Q1 FY27 results: net Rs 675L boosted by Rs 615L land sale gain
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Board approved Q1 FY27 (Apr-Jun 2026) unaaudited results. Revenue from operations rose 7.6% YoY to Rs 5,950L (vs Rs 5,528L). Profit before exceptional items dipped to Rs 112.6L from Rs 125L. After a Rs 614.6L exceptional gain from sale of part of a vacant land plot, reported net profit was Rs 675L vs Rs 91L. Statutory auditor issued an unmodified (clean) limited review. Board fixed the 54th AGM for September 29, 2026 via video conferencing, reappointed Mr. Naynesh Pasari as MD for 3 years, and invested Rs 93L for 26.21% stake in a solar power firm in Rajasthan.
Operating profit slipped about 10% YoY; headline PAT inflated by one-time land sale of Rs 615L, so ex-exential earnings are weaker. AGM on Sept 29.