Valor Estate (533160) Q2 25/26 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2025, with statutory auditor's limited review and unmodified conclusion.

• Major capital restructuring: conversion of 6,45,75,000 8% Redeemable Preference Shares into 0.0001% Compulsorily Convertible Preference Shares (CCPS), to be converted into equity within 18 months, subject to shareholder approval.

• Increase in authorised share capital from ₹925 crore to ₹1,000 crore by creating 7.5 crore new CCPS.

Financial highlights

• Standalone Q2 revenue from operations: ₹7,555 lakh; total income: ₹7,107 lakh.

• Standalone Q2 profit after tax: ₹5,522 lakh, compared to a loss of ₹621 lakh in Q1 FY26 and a loss of ₹8,951 lakh in Q2 FY25.

• Consolidated Q2 revenue from operations: ₹13,685 lakh; total income: ₹13,714 lakh.

• Consolidated Q2 profit after tax: ₹997 lakh, compared to ₹1,371 lakh in Q1 FY26 and a loss of ₹9,730 lakh in Q2 FY25.

• EPS (consolidated, continuing operations, Q2): Basic ₹0.19, Diluted ₹0.19.

Outlook and guidance

• Management expects no adverse impact from ongoing legal proceedings and is confident in the recoverability of investments and advances.