Shraddha Prime Projects531771Quarterly results

Board approves Q2 and H1 results, plus three acquisitions including 94% of Has Life Spaces

Board of Shraddha Prime Projects approved three acquisitions: 75.87% of Shree Aadikaveer Realtors LLP (becomes an Associate Entity).

By ScoutQuest · Thu 5 Nov 2026, 7:32 PM IST · 3 min read

Consolidated · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	13,201.57	13,433.22	−1.7%	13,357.95	−1.2%
Total income	13,601.15	13,814.71	−1.5%	13,676.04	−0.5%
Profit before tax	3,176.07	1,553.03	+105%	2,717.19	+16.9%
Profit after tax	2,492.83	807.73	+209%	1,937.77	+28.6%
Total comprehensive income	2,489.39	807.41	+208%	1,939.81	+28.3%
Basic EPS	6.17	2.16	+186%	4.80	+28.5%

PAT YoY change: +209%
Period: 30 Sep 2026 (Unaudited)

Also decided at the meeting

Approved acquisition of 75.87% stake in Shree Aadikaveer Realtors LLP from its existing partner for Rs. 75,870/- in cash, making it an Associate; completion by end of December 2026 (related party).
Approved acquisition of 25% stake in Shraddha Yog Lifespaces LLP from its existing partner for Rs. 25,000/- in cash, making it a Subsidiary; completion by end of November 2026 (related party).
Approved acquisition of 94% stake in Has Life Spaces Private Limited for not exceeding Rs. 94000/- in cash subject to valuation, making it a Subsidiary; completion by end of December 2026 (related party).

Notes to the results

Shraddha Sai Infra reconstituted on 23rd July, 2026; Company's share reduced from 51% to 36%, so the firm ceased to be a subsidiary and became an associate.
Company approved acquisition of 100% of Shraddha Life Spaces Private Limited for ₹10,36,98,200; consideration paid, share transfer pending as at September 30, 2026.
Company retired as partner from subsidiary Aajprav Developers LLP effective June 5, 2026, and entered into a JDA with it for the Uttar Bhartiya property at Mulund (East).

The board of Shraddha Prime Projects met on 5 November 2026 and approved both the September-quarter results and a set of acquisitions that changes the shape of the group.

What the board approved

75.87% stake in Shree Aadikaveer Realtors LLP ("SARL"), bought from its existing partner, making SARL an Associate Entity of the company.
25% stake in Shraddha Yog Lifespaces LLP ("SYLL"), bought from its existing partner, making it a Subsidiary Entity.
94% stake in Has Life Spaces Private Limited ("HLPL"), bought from its existing shareholders, making it a Subsidiary Entity.

Consideration for all three is cash. The company states these acquisitions are in line with its existing business and are expected to support expansion, operational efficiency, revenue growth and profitability.

What the three entities are

All three are in real estate development, construction and infrastructure contracting, including townships and slum rehabilitation projects, in India and abroad. The update records NIL turnover for previous years for each of them.

Related party angle

All three transactions fall within the related party transaction rules. The promoter has an interest in each one — as Designated Partner of SARL and of SYLL, and as Director of HLPL. Each transaction is stated to be at arm's length, and no governmental or regulatory approval is required for the acquisitions.

Results (standalone, unaudited)

Revenue from operations: Rs. 10,049.43 lakh for the quarter ended 30 September 2026.
Profit for the period: Rs. 2,477.17 lakh for the quarter and Rs. 4,407.34 lakh for the half year.
Basic earnings per share (not annualised): Rs. 6.13 for the quarter.

The board approved the standalone and consolidated results together with the Statutory Auditor's Limited Review Report; the results were also reviewed by the Audit Committee.

Other transactions noted

The company approved acquisition of 100% of the equity share capital of Shraddha Life Spaces Private Limited for ₹10,36,98,200. The entire consideration has been paid; the transfer of shares is pending completion of statutory and regulatory formalities, including updates with the Registrar of Companies.
A proposed acquisition of the equity share capital of Atharva Ventures Private Limited had not been consummated as at 30 September 2026 and remains subject to finalisation of terms and completion of legal and regulatory formalities.
A Joint Development Agreement with Aajprav Developers LLP for the development of a property at Mulund (East), Mumbai, setting out the terms, rights and obligations of the parties. The company's retirement as a partner of Aajprav Developers LLP is effective 5 June 2026.
The company is in the initial stages of selling permanent transit camp units forming part of its "Shree Ganeshkrupa SRA CHS" project to its subsidiary firm under the Slum Rehabilitation Authority's clubbing scheme; this is stated not to have an impact on profitability for the current reporting period.

What a retail holder can take away

This is primarily a group-structuring announcement: promoter-linked real estate entities are being brought under the listed company as an associate and as subsidiaries, in cash. Because they are related party transactions, the promoter's interest and the arm's length position are disclosed. Separately, the results give the quarter's revenue and profit numbers in the usual format, with the auditor's limited review accompanying them.

94%Stake acquired in Has Life Spaces Private Limited

Stake acquired in Has Life Spaces Private Limited: 94%.

10,049.43 lakhRevenue from operations, standalone

Profit before tax, quarter2,717.19 (Amount in lakh)

Profit after tax, latest quarter2,492.83 (Amount in lakh)

Profit for the period, standalone2,477.17 lakh

Profit before tax, year-ago quarter1,553.03 (Amount in lakh)

Profit after tax, year-ago quarter807.73 (Amount in lakh)

Revenue from operations, standalone 10,049.43 lakh: Profit before tax, quarter 2,717.19 (Amount in lakh), Profit after tax, latest quarter 2,492.83 (Amount in lakh), Profit for the period, standalone 2,477.17 lakh, Profit before tax, year-ago quarter 1,553.03 (Amount in lakh), Profit after tax, year-ago quarter 807.73 (Amount in lakh).

Also from Shraddha Prime Projects