Prozone Realty Releases Audited Financial Results for the Year Ended March 31, 2026
Prozone Realty Limited has announced its audited financial results for the quarter and the full year ended March 31, 2026. The Board of Directors approved the audited Standalone and Consolidated financial results during a meeting held on May 29, 2026. The Company has issued an unmodified opinion on the audited standalone financial results for the year ended March 31, 2026, and the consolidated financial results for the same period.Financial Performance Overview
The audited financial statements provide a clear view of the Group's performance across the fiscal years 2026 and 2025.The table below summarizes the consolidated financial performance:
| Particulars | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 31.12.2025 (Unaudited) | Quarter Ended 31.03.2025 (Audited) | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| Total Income | 6,118.09 | 6,094.91 | 5,952.81 | 21,40.08 | 19,121.69 |
| Revenue from operations (Outright Sales) | 1,808.60 | 2,388.74 | 2,284.15 | 6,492.19 | 5,834.15 |
| Leasing | 3,448.50 | 3,434.05 | 2,998.60 | 13,029.99 | 12,038.37 |
| Other income | 860.99 | 272.12 | 670.06 | 1,717.90 | 1,249.17 |
| Total Expenses | 5,739.52 | 5,032.42 | 6,168.82 | 18,570.60 | 19,426.70 |
| Profit/(loss) before tax and before share of profit/loss of joint venture | 378.57 | 1,062.49 | (216.01) | 2,669.48 | (305.01) |
| Profit/(Loss) before tax for the period/year | 403.05 | 1,084.12 | (185.71) | 2,758.28 | (214.87) |
| Total Tax Expenses | 12.25 | 405.88 | 5,109.15 | 969.06 | 5,211.06 |
| Net profit/(loss) for the period/year | 390.80 | 678.24 | 5,294.86 | 1,789.22 | 5,435.93 |
Balance Sheet Summary
The company’s financial position as of March 31, 2026, reflects total assets of 141,828.40 lakhs, compared to 147,080.86 lakhs in the previous year.The major components of the Balance Sheet are presented as follows:
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Non-current Assets (Total) | 57,90.74 | 93,169.34 |
| Investment properties | 28.86 | 60.64 |
| Total non-current assets | 1,30,456.84 | 88,048.75 |
| Total Current Assets | 33,890.11 | 7,592.11 |
| Total current assets | 33,890.11 | 7,592.11 |
| Total Assets | 1,41,828.40 | 1,47,080.86 |
| Total Equity | 1,16,273.91 | 85,451.35 |
| Total Liabilities | 25,554.49 | 61,629.51 |
| Total Liabilities and Equity | 1,41,828.40 | 1,47,080.86 |
Operational and Strategic Updates
Asset Disinvestment and AcquisitionsOn March 30, 2026, the Company, along with its wholly owned subsidiary Kruti Realtors and Developers Private Limited, acquired a balance stake in several subsidiaries, including Alliance Mall Developers Co. Private Limited, Empire Mall Private Limited, and Hagwood Commercial Developers Private Limited (Hagwood). The acquisition of a 35% stake in Hagwood was completed on April 6, 2026, for a consideration of Rs. 305.58 Crore.
Furthermore, the Board of Directors approved exploring the disinvestment or sale of the Company's shareholding in subsidiaries (including Kruti Realtors, Alliance Mall Developers Co., and Empire Mall Private Limited) to the prospective buyer, InorbitMalls (India) Private Limited (Inorbit) or its affiliates, at a mutually agreed price. Following this, on April 28, 2026, the Board gave approval to sell the 'Mall Assets' to Inorbit or its affiliates, culminating in the execution of a Share Purchase Agreement (SPA).
Legal and Corporate Structure
The management noted significant ongoing legal and regulatory matters, specifically regarding the Hagwood Commercial Developers Private Limited subsidiary. The management reported that based on technical studies and legal advancements, the chances of revalidation of the original No Objection Certificate (NOC) are high. Consequently, no adjustments have been made to the carrying value of inventory relating to 12th to 14th floor of the four towers, aggregating to Rs. 6,818.25 lakhs, nor has a provision been made for expected demolition and rehabilitation costs.
Governance Matters
The company also reported on the following governance development:
* The Company’s application made to the Central Government seeking the re-appointment of its Deputy Managing Director, made on June 10, 2020, was rejected vide order dated September 10, 2024, by the Ministry of Corporate Affairs. The said Director ceased to hold the position as Deputy Managing Director with effect from the date of the MCA order, and his designation was changed to Non Executive Director. The management is currently evaluating available recourse under the Act concerning remuneration and salary advances paid to the director, aggregating to an amount of Rs. 682 lakhs.
PROZONER Stock Price Movement
On Friday, Prozone Realty Limited shares slipped by 1.95% to close at ₹52.92, shedding ₹1.05 from previous trading levels. The stock completed the session on a volume of 191,892 shares, having fluctuated throughout the day between ₹52.11 and ₹54.59.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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