To Consider and approve the Unaudited Standalone and Consolidated Financial Result for the Quarter Ended 30, June, 2025
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY2026, with a Limited Review Report (unmodified) from statutory auditor SDP M & Co. On a standalone basis, the company reported a Profit After Tax of Rs 22.19 lacs on total income of Rs 46.48 lacs (primarily other income), with EPS of Rs 0.10. However, on a consolidated basis (including subsidiary Avishkar Keval Kunj Redevelopment Private Limited), the company swung into a loss, reporting a PAT of negative Rs 51.17 lacs and a loss before tax of Rs 43.72 lacs, driven by purchase of stock-in-trade of Rs 250.13 lacs and finance costs of Rs 70.12 lacs. Revenue from operations was nil this quarter, compared with Rs 200 lacs in the preceding quarter, reflecting a sharp drop in core realty activity. EPS on a consolidated basis was negative Rs 0.23.
Consolidated results turned into a loss this quarter, weighed down by subsidiary-level costs and finance charges, while core revenue from operations dried up completely. Shareholders may view this negatively in the near term, though standalone profitability was maintained thanks to other income. Watch for clarity on the subsidiary's redevelopment project pipeline and cost absorption in coming quarters.