Board approved unaudited Q2 and half-year results; auditor's review unmodified
Board meeting of 22.10.2026 approved the Un-Audited Financial Results for the quarter and half year ended 30.09.2026, along with the Asset Liability statement, cash flow and Auditor's Limited Review Report.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr |
|---|---|---|---|---|
| Revenue from operations | 50.19 | 70.00 | −28.3% | 0.00 |
| Total income | 54.57 | 77.41 | −29.5% | 3.12 |
| Profit before tax | 5.02 | (22.88) | — | (28.12) |
| Profit after tax | 5.02 | (22.88) | — | (28.12) |
| Total comprehensive income | 5.05 | (22.93) | — | (27.85) |
| Basic EPS | 0.01 | (0.06) | — | (0.07) |
- Total income - Year ago
- 77.41 (−29.5%)
- Period
- Quarter ended 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- The Company is unable to launch the next phase of development at Ghatkopar since 2011 as matter is pending in Supreme Court.
- The Company is primarily engaged in Real Estate business hence there is only one reportable segment.
Approved at the board meeting
The Board of Directors met on 22nd October 2026; the meeting commenced at 2.30 p.m. and concluded at 3.45 p.m. The Board approved and took on record the Un-Audited Financial Results of the Company for the second quarter and half year ended 30th September 2026, together with the Asset Liability statement, the cash flow statement and the Auditor's Limited Review Report. All figures in the results are presented in Rs. in lakhs.
Review, not audit
S G D G & Associates LLP carried out a review under the Standard on Review Engagements 2410. Its conclusion is unmodified: based on the review, nothing has come to the auditors' attention that causes them to believe the statement has not disclosed the information required, or that it contains any material misstatement. The report states that a review is substantially less in scope than an audit and that no audit opinion is expressed.
Quarter and half year numbers (Rs. in lakhs)
- Revenue from operations: 50.19 in the quarter ended 30.09.2026, 0.00 in the quarter ended 30.06.2026, 70.00 in the quarter ended 30.09.2025; 50.19 for the half year, against 124.11 a year earlier.
- Total Income: 54.57 in the quarter, 57.69 for the half year, against 138.58 for the half year ended 30.09.2025.
- Total Expenses: 49.55 in the quarter, 80.79 for the half year.
- Profit / (Loss) for the period: 5.02 in the quarter, against (22.88) in the quarter ended 30.09.2025; (23.10) for the half year, against (57.28) a year earlier.
- Earning per share (Basic & Diluted, total operations, not annualised): 0.01 for the quarter and (0.06) for the half year.
- Paid up Equity Share Capital: 402.24 (Face Value Re 1/- each).
Balance sheet (Rs. in lakhs)
- Total Assets: 2,536.73 as at 30.09.2026, against 2,553.22 as at 31.03.2026.
- Total Equity: 2,321.93, against 2,344.73.
- Inventories: 1,605.38, against 1,505.03.
Cash (Rs. in lakhs)
- Net cash flow used in operating activities for the half year: (105.53), against (79.35) for the half year ended 30.09.2025.
- Cash and cash equivalents at the end of the period: 270.04, against 440.53.
What moved in the numbers
- The quarter shows a Profit / (Loss) for the period of Rs. 5.02 lakh, against a loss of Rs. 22.88 lakh in the same quarter a year earlier, while the half year is still a Loss for the period of Rs. 23.10 lakh.
- Revenue from operations in the quarter was Rs. 50.19 lakh, against Rs. 70.00 lakh a year earlier, and the quarter ended 30.06.2026 is shown with Revenue from operations of 0.00 and Total Income of 3.12.
- Total Equity is Rs. 2,321.93 lakh as at 30.09.2026, against Rs. 2,344.73 lakh as at 31.03.2026.
Business context in the notes
- The Company is primarily engaged in the Real Estate business, hence there is only one reportable segment and the results are a single set of figures.
- The Company states it is unable to launch the next phase of development at Ghatkopar since 2011 as the matter is pending in Supreme Court.
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Board meeting on 22 October 2026 to consider and approve unaudited Q2 and half-year results
13 Oct 2026
More numbers
- Profit / (Loss) for the period, half year ended 30.09.2026 (Rs. in lakhs)(23.10)
- Total Expenses, quarter ended 30.09.2026 (Rs. in lakhs)49.55
- Revenue from operations, half year ended 30.09.2025 (Rs. in lakhs)124.11
- Total Equity as at 30.09.2026 (Rs. in lakhs)2,321.93
- Cash and cash equivalents at end of period (Rs. in lakhs)270.04
- Total income, latest quarter54.57 (Rs. In Lakhs)
- Total income, year-ago quarter77.41 (Rs. In Lakhs)
- Total income, previous quarter3.12 (Rs. In Lakhs)
- Total comprehensive income, latest quarter5.05 (Rs. In Lakhs)
- Total comprehensive income, year-ago quarter(22.93) (Rs. In Lakhs)
- Total comprehensive income, previous quarter(27.85) (Rs. In Lakhs)
- Profit after tax, latest quarter5.02 (Rs. In Lakhs)
- Profit after tax, year-ago quarter(22.88) (Rs. In Lakhs)
- Profit after tax, previous quarter(28.12) (Rs. In Lakhs)
- Revenue from operations, latest quarter50.19 (Rs. In Lakhs)
- Revenue from operations, year-ago quarter70.00 (Rs. In Lakhs)
- Revenue from operations, previous quarter0.00 (Rs. In Lakhs)
- Profit before tax, latest quarter5.02 (Rs. In Lakhs)
- Profit before tax, year-ago quarter(22.88) (Rs. In Lakhs)
- Profit before tax, previous quarter(28.12) (Rs. In Lakhs)
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