3P Land Holdings clarified to the National Stock Exchange of India Limited that its financial results submitted on May 16, 2026, comply with the format prescribed under Schedule III of the Companies Act, 2013. The company addressed the exchange's observations regarding deficiencies in the outcome of its board meeting, confirming adherence to the prescribed reporting standards for Non-Banking Financial Companies following Indian Accounting Standards (Ind AS).

The company explained that while it does not have any subsidiaries, it holds one associate company. This associate incurred a loss, which is recognized in the consolidated financial statements using the equity method as per Ind AS 28. However, the recognition of the company's share of the loss is restricted to the extent of its interest in the associate, specifically the amount of its equity investment. Consequently, the company discontinues recognizing its share of further losses beyond this limit.

Due to this accounting treatment, the standalone and consolidated financial figures reported by the company are identical. The clarification was submitted in response to the exchange's communication dated June 11, 2026.

The following table outlines the specific query raised by the exchange and the company's response:

The communication was signed by J. W. Patil, Company Secretary & Compliance Officer, on June 11, 2026.

3P Land Holdings Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 16, 2026. The statutory auditors, M/s. J. M. Agrawal & Company (Firm Registration No. 100130W), issued an unmodified audit opinion on the financial statements. The Board did not recommend any dividend for the financial year 2025-2026. The consolidated financial results include the financial results of associate company Biodegradable Products India Limited, accounted under the equity method as per Ind AS 28.

Financial Performance

The company reported steady growth in total revenue from operations and net profit on both a standalone and consolidated basis. Revenue from operations for FY26 stood at ₹467 lakhs, compared to ₹447 lakhs in FY25. Total expenses for FY26 were ₹176 lakhs against ₹173 lakhs in FY25. Profit before tax for FY26 came in at ₹291 lakhs, up from ₹275 lakhs in FY25. Net profit for FY26 was ₹218 lakhs compared to ₹209 lakhs in FY25. Basic and diluted earnings per share (face value of ₹2 each) for FY26 stood at ₹1.21, compared to ₹1.16 in FY25.

The following table summarises the key financial metrics:

Revenue Composition

The company's revenue from operations comprised interest income, dividend income, rental income, and sale of services. The breakdown for FY26 and FY25 is as follows:

Segment Performance

The Board of Directors examines the company's performance based on three reportable segments: Leasing, Investments, and Services. The consolidated segment-wise revenue and results for FY26 and FY25 are presented below:

After deducting total depreciation of ₹7 lakhs (FY25: ₹4 lakhs) and net unallocable expenses of ₹160 lakhs (FY25: ₹156 lakhs), the consolidated profit before tax for FY26 was ₹291 lakhs.

Balance Sheet and Cash Flow Highlights

The consolidated total assets as on March 31, 2026 stood at ₹11,232 lakhs, compared to ₹15,349 lakhs as on March 31, 2025. The standalone total assets were ₹11,395 lakhs versus ₹15,512 lakhs in the prior year. The movement in total assets was primarily driven by changes in the investments line, which stood at ₹8,850 lakhs (consolidated) as on March 31, 2026, compared to ₹13,194 lakhs as on March 31, 2025. Key balance sheet items are summarised below:

On the cash flow front, net cash inflow from operating activities for FY26 was ₹6 lakhs (standalone and consolidated), compared to ₹117 lakhs in FY25. Net cash outflow from investing activities was ₹4 lakhs in FY26 versus ₹121 lakhs in FY25. Cash and cash equivalents at the end of FY26 stood at ₹20 lakhs, up from ₹18 lakhs at the beginning of the year.

Other Comprehensive Income and Equity

The company reported a negative other comprehensive income (net of tax) of ₹3,723 lakhs for FY26, primarily on account of changes in fair value of equity instruments, compared to a positive ₹3,890 lakhs in FY25. As a result, total comprehensive income for FY26 was negative ₹3,505 lakhs, compared to positive ₹4,099 lakhs in FY25. Paid-up equity capital remained unchanged at ₹360 lakhs (face value of ₹2 per share). Standalone reserves (other equity excluding revaluation reserve) stood at ₹4,469 lakhs as on March 31, 2026, compared to ₹4,251 lakhs as on March 31, 2025. Consolidated reserves stood at ₹4,307 lakhs as on March 31, 2026, compared to ₹4,088 lakhs as on March 31, 2025.