Avishkar Infra Realty Ltd.
Avishkar Infra Realty Q2 FY27 Results: Standalone Net Loss ₹0.25 Crore on Total Income of ₹0.00 Crore
- Earnings
- real estate
Reviewed byKeshav SehgalBlacklitt Research
Avishkar Infra Realty reported a standalone net loss of ₹0.25 crore for the quarter ended 30 Sep 2026, with total income at nil, it said in a filing on 04 Nov 2026. The year-ago quarter showed a net profit of ₹0.20 crore on total income of ₹0.48 crore. The board also approved the unaudited standalone and consolidated results at the same meeting.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: Nil, against ₹0.48 crore in Q2 FY26 and nil in Q1 FY27
- Net profit: Loss of ₹0.25 crore, against a profit of ₹0.20 crore in Q2 FY26 and a loss of ₹0.18 crore in Q1 FY27
- EPS: Basic loss of ₹0.11 a share, against basic earnings of ₹0.09 a share in Q2 FY26
- Tax expense: ₹0.01 crore, all deferred, against ₹0.07 crore in Q2 FY26
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 0.00 | 0.48 | n/a | 0.00 | n/a | |
| Revenue from operations | 0.00 | 0.00 | n/a | 0.00 | n/a |
| Other income | 0.00 | 0.48 | n/a | 0.00 | n/a |
| -0.25 | 0.20 | n/a | -0.18 | -41.2% | |
| Profit before tax | -0.24 | 0.27 | n/a | -0.17 | -43.6% |
| Finance costs | 0.00 | 0.05 | n/a | 0.00 | n/a |
| Depreciation | 0.00 | 0.00 | +14.3% | 0.00 | +14.3% |
| Tax expense | 0.01 | 0.07 | -84.7% | 0.01 | +1.0% |
| EPS, basic (₹) | -0.11 | 0.09 | n/a | -0.08 | -37.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Revenue from operations was nil in the quarter and in both comparison quarters, and other income was nil against ₹47.85 lakh in the year-ago quarter. Total expenses were ₹24.44 lakh, of which employee cost was ₹4.46 lakh and other expenses ₹19.91 lakh, so the loss before tax of ₹0.24 crore is close to those expenses.
The filing does not say why revenue from operations and other income were nil in the quarter. For the half year, the standalone result is a net loss of ₹43.51 lakh, against a net profit of ₹42.11 lakh in the half year a year earlier.
The tax charge of ₹1.03 lakh is entirely deferred, so the loss after tax is slightly larger than the loss before tax. The statutory auditor SDPM & Co. issued an unmodified review report on the standalone results.
Inference
The filing shows non-current loans of ₹25.38 crore and non-current borrowings of ₹10.70 crore as at 30 Sep 2026, up from ₹17.71 crore and ₹2.69 crore at 31 Mar 2026. The cash flow statement shows proceeds from long-term borrowings of ₹8.01 crore in the half year. The filing does not say what the borrowings are for.
The board approved a duplicate share certificate for 320 shares held by Mohanlal Damji Bhanushali. The filing does not give the consolidated figures for the quarter, although the auditor's review covers the subsidiary Avishkar Keval Kunj Redevelopment Private Limited.
Filed with BSE on . Reference: Original filing (PDF)
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