Board approves unaudited results for quarter ended June 30, 2026; review conclusion unmodified
Board approved unaudited standalone and consolidated results for the quarter ended June 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 3,381.61 | 4,461.62 | −24.2% | 2,109.74 | +60.3% |
| Total income | 3,760.41 | 4,631.50 | −18.8% | 2,255.30 | +66.7% |
| Profit before tax | 756.26 | 1,461.43 | −48.3% | (605.41) | — |
| Profit after tax | 497.55 | 1,430.12 | −65.2% | (620.16) | — |
| Total comprehensive income | 498.27 | 1,433.14 | −65.2% | (616.87) | — |
| Basic EPS | 4.46 | 12.31 | −63.8% | (4.02) | — |
- Total income latest vs year ago
- Latest 3,760.41; Year ago 4,631.50 (−18.8%)
- Profit after tax latest vs year ago
- Latest 497.55; Year ago 1,430.12 (−65.2%)
- Period
- 30 June 2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Post quarter, IPO of 1,63,97,393 equity shares at ₹ 304.93 per share, fresh issue aggregating ₹ 5,000.00 Millions; shares listed on NSE and BSE on 5 October 2026.
- Post quarter, CCDs of ₹ 1,500 Millions plus accrued interest ₹ 671.87 Millions held by HDFC Capital fund converted at ₹ 342.49 into 6,341,436 equity shares.
- NCLT approved Scheme of Demerger between subsidiaries Evie Real Estate Pvt Ltd and Evie Developers Pvt Ltd by order dated 28 July 2026, appointed date 1 April 2026.
- Two subsidiaries received land acquisition compensation aggregating ₹ 1,852.56 Millions for the Virar–Alibaug Multimodal Corridor project.
What was approved
The board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, together with the Limited Review Reports issued by statutory auditors Singhi & Co. The statements cover the holding company along with its subsidiaries, joint ventures and associate.
Auditor's conclusion
The review conclusion is unmodified on both the standalone and consolidated statements: nothing came to the auditor's attention that suggests a material misstatement or that required disclosures are missing. A limited review is narrower in scope than a full audit, and the auditor does not express an audit opinion. The auditor also states that, for certain subsidiaries and for the group's joint ventures and associate, the conclusion rests on other auditors' review reports or on financial information certified by management.
Consolidated performance for the quarter (₹ in Millions)
- Revenue from operations: 3,381.61
- Total income: 3,760.41
- Profit for the period: 497.55
A part of the consolidated profit is attributable to non-controlling interest, so the amount attributable to the company's shareholders is different from 'Profit for the period'.
Standalone view
The standalone statement shows a loss for the period. Standalone 'Revenue from operations' is nil for the quarter and standalone income comes from other income, while costs include finance costs and other expenses.
IPO and how the money is being used
The company completed a fresh issue of 1,63,97,393 equity shares aggregating ₹ 5,000.00 Millions, and the shares were listed on NSE and BSE on 5 October 2026. Part of the proceeds has already been applied to repay or prepay certain borrowings and to invest in wholly owned material subsidiaries.
- ₹ 1,750.00 Millions of the proceeds remains unutilised, earmarked for funding acquisitions of future real estate projects, general corporate purposes and pre-IPO expenses.
Conversion of debentures
Compulsorily Convertible Debentures issued to HDFC Capital Affordable Real Estate Fund – 3, together with accrued interest, were converted into 6,341,436 equity shares after the quarter end. This increases the number of equity shares in issue.
Other disclosures in the update
- NCLT approved the scheme of demerger between Evie Real Estate Private Limited and Evie Developers Private Limited, both subsidiaries, with an appointed date of 1 April 2026 and accounting under the pooling of interests method.
- Two subsidiaries received compensation of ₹ 1,852.56 Millions for land acquired at Usargaon, Kalyan, Dhanpada, Thane, for the Virar-Alibaug Multimodal Corridor project, accounted for in the subsidiaries' books.
- The group operates as a single reportable segment, real estate development, within India.
Points a retail investor may want to track
- These are the company's first results presented under Regulation 33, following the IPO and listing.
- Real estate revenue is recognised as projects progress, so reported income can move between quarters with construction and handover schedules.
- The debenture conversion raises the share count over time, which matters when reading per-share figures such as earnings per share.
- The auditor's review is not a full audit, so interim numbers carry the assurance level of a limited review.
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More numbers
- IPO fresh issue size₹ 5,000.00 Millions
- Equity shares issued in IPO1,63,97,393
- IPO proceeds balance unutilised₹ 1,750.00 Millions
- Equity shares issued on CCD conversion6,341,436
- Compensation received by two subsidiaries for land₹ 1,852.56 Millions
- Total income, latest quarter3,760.41 (₹ in Millions)
- Total income, year-ago quarter4,631.50 (₹ in Millions)
- Total income, previous quarter2,255.30 (₹ in Millions)
- Total comprehensive income, latest quarter498.27 (₹ in Millions)
- Total comprehensive income, year-ago quarter1,433.14 (₹ in Millions)
- Total comprehensive income, previous quarter(616.87) (₹ in Millions)
- Profit after tax, latest quarter497.55 (₹ in Millions)
- Profit after tax, year-ago quarter1,430.12 (₹ in Millions)
- Profit after tax, previous quarter(620.16) (₹ in Millions)
- Revenue from operations, latest quarter3,381.61 (₹ in Millions)
- Revenue from operations, year-ago quarter4,461.62 (₹ in Millions)
- Revenue from operations, previous quarter2,109.74 (₹ in Millions)
- Profit before tax, latest quarter756.26 (₹ in Millions)
- Profit before tax, year-ago quarter1,461.43 (₹ in Millions)
- Profit before tax, previous quarter(605.41) (₹ in Millions)
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