Alpine Housing FY26 net profit rises 18.7% to ₹601.17 crore
Alpine Housing Development Corporation reported an 18.7% rise in net profit to ₹601.17 crore for FY26, with revenue from operations increasing to ₹7,287.99 crore. For the quarter ended March 31, 2026, net profit stood at ₹261.72 crore. The statutory auditors issued an unmodified opinion, noting a retrospective restatement of land classification from Inventories to Investment Property.
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Alpine Housing Development Corporation reported a net profit of ₹601.17 crore for the financial year ended March 31, 2026, representing an increase from ₹506.29 crore in the prior year. Revenue from operations grew to ₹7,287.99 crore for the full year, compared to ₹5,538.36 crore in FY25. The company’s board approved the audited financial results at a meeting held on May 27, 2026.
For the quarter ended March 31, 2026, the company recorded a net profit of ₹261.72 crore, while revenue from operations stood at ₹1,966.78 lakh. Total income for the quarter was ₹2,093.35 lakh. The statutory auditors, R V K S And Associates, issued an audit report with an unmodified opinion on the audited financial results for the financial year ended March 31, 2026.
Financial Performance
The company’s financial performance for the quarter and full year ended March 31, 2026, is summarized below:
| Particulars | Quarter Ended 31-03-2026 (₹ in Lakhs) | Quarter Ended 31-03-2025 (₹ in Lakhs) | Full Year 31-03-2026 (₹ in Lakhs) | Full Year 31-03-2025 (₹ in Lakhs) |
|---|---|---|---|---|
| Revenue from operations | 1,966.78 | 1,522.98 | 7,287.99 | 5,538.36 |
| Total income from operations | 2,093.35 | 1,544.20 | 7,577.50 | 5,919.47 |
| Total expenses | 1,740.60 | 1,245.62 | 6,829.59 | 5,292.76 |
| Profit before tax | 347.80 | 290.68 | 742.93 | 618.68 |
| Net profit | 261.72 | 233.75 | 601.17 | 506.29 |
| Earnings per share (Basic) | 1.51 | 1.35 | 3.47 | 2.92 |
Segment Results
Segment A (Construction Unit) reported revenue of ₹5,306.35 lakh for the full year, while Segment B (Manufacturing Division) contributed ₹2,271.15 lakh. The total capital employed across segments stood at ₹9,281.31 lakh as of March 31, 2026.
Auditor’s Emphasis of Matter
The statutory auditors drew attention to a retrospective restatement of comparative figures arising from the reclassification of certain land amounting to ₹126.79 lakhs from Inventories to Investment Property. This reclassification was due to an inadvertent omission where land, intended to be held as Investment Property since FY 2016-17, was previously presented under Inventories. The company restated the opening balances as of April 1, 2024, in accordance with Ind AS 8. The auditors stated that their opinion is not modified in respect of this matter.
Historical Stock Returns for Alpine Housing Development
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.87% | +3.57% | +11.79% | -23.81% | -16.35% | +518.33% |
How will the reclassification of land from Inventories to Investment Property impact Alpine Housing's future balance sheet ratios and asset valuation?
What strategic initiatives is the company pursuing to sustain the revenue growth momentum observed in FY26 into the next financial year?
Are there plans to expand the Manufacturing Division (Segment B) given its significant contribution to total revenue?
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