Binny Ltd Releases Quarterly Results for December 31, 2025; Financials Highlight Key Project Progress and Litigation Status
Binny Ltd has released its unaudited financial results for the quarter and nine months ended December 31, 2025. The results include a Limited Review Report by the company's independent auditor, which contains qualified conclusions relating to project revenue recognition and advances management.The company operates solely within the Real Estate Business segment.
Financial Performance Snapshot (INR in Lakhs)
The financial statement shows steady figures for the nine-month period. Total Income stood at 4,443.46 lakhs for the quarter ending December 31, 2025, and 8,633.14 lakhs for the full three quarters of the current fiscal year.The following table provides a detailed overview of the key financial metrics:
| Particulars | Quarter Ended 31.12.2025 | Quarter Ended 30.09.2025 | Nine Month Ended 31.12.2025 | Nine Month Ended 31.12.2024 | Year Ended 31.03.2025 |
|---|---|---|---|---|---|
| Revenue from operations | 1,908.34 | 1,442.55 | 4,292.04 | 3,986.58 | 8,298.91 |
| Total Income | 1,908.42 | 1,591.36 | 4,443.46 | 4,302.07 | 8,633.14 |
| Total expenses | 316.54 | 311.95 | 867.60 | 1,475.09 | 2,601.23 |
| Profit before tax | 1,591.88 | 1,279.41 | 3,575.86 | 2,826.98 | 6,031.90 |
| Tax Expense | 426.69 | 275.15 | 868.99 | 434.24 | 1,507.41 |
| Profit for the period | 1,154.77 | 997.84 | 2,523.83 | 1,640.47 | 4,651.91 |
Auditor's Observations on Project Revenue and Advances
The independent auditor’s review noted qualified conclusions concerning two major business activities: advances to RRB Energy Limited and the Sale Agreement with M/s Sankhlecha Infra Projects Private Ltd.Regarding the advance made to RRB Energy Limited, the company advanced 2,918.05 lakhs. The auditor stated that insufficient evidence was provided regarding the recoverability of this amount, as no balance confirmation had been received from the company. Consequently, no impairment consideration was given in these results.
Concerning the Sale Agreement with M/s Sankhlecha Infra Projects Private Ltd for a total consideration of 4,170 lakhs, the auditor noted that the company has not yet recognized revenue according to Ind AS 115 due to outstanding balance considerations. The management stated that upon receiving the remaining amount of 1,912.00 lakhs, the sale deed will be executed and the revenue will be recognized.
Update on Land Acquisitions and Settlements
Binny Ltd provided several updates regarding its land holdings and settlement agreements:- M/s SPR Construction Pvt Ltd Settlement: The company entered a Joint Development Agreement (JDA) with M/s SPR Construction Pvt Ltd. This involves settling up to 53.18 lakh sq. ft. of saleable area via lump sum payment, after adjusting prior payments made under the original JDA. The remaining balance area, out of a total contemplated 120 lakh sq. ft., will be developed under an Area sharing model.
- M/s Mohan Breweries and Distilleries Limited (MBDL) Land:
* The Chengalpet Land of 112.72 Acres was sold via Sale Deed, as per directions of the Securities Appellate Tribunal (SAT), for a consideration of Rs. 22,205.67 Lakhs.
* For the Valasaravakkam land (12.43 Acres) taken over from MBDL for Rs. 26,500 Lakhs, the company plans to develop it into a residential complex under a JDA with M/s Osian Construction Pvt Ltd. The estimated revenue from this project is Rs. 1486 Crores, with the company's share valued at about Rs. 693 Crores.
* Settlement Implementation: Binny Ltd confirmed that advances (Rs. 28,530 Lakhs) provided to MBDL under the previous settlement scheme were transferred and adjusted against two liabilities: redemption of 9% Preference share capital (Rs. 11,722.00 lakhs) and arrears of Cumulative dividend payable (Rs. 15,141.00 lakhs).
The company also reported that it has initiated legal action under the Insolvency and Bankruptcy Code (IBC) for the recovery of 22,918.05 lakhs from M/s RRB Energy Limited, aggregating to 6,061.05 lakhs along with simple interest at 24% per annum. The matter is currently before the National Company Law Tribunal (NCLT), New Delhi.
Stock Price Movement
The shares settled at ₹145.50 after closing trades, ticking up by 0.34%. During trading hours, the stock moved between an intraday low of ₹138.00 and a high of ₹152.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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