Ashiana Housing reported a consolidated net profit of ₹131.1 crore for the quarter ended June 30, 2026, a decline of 7% compared to ₹141.2 crore in the same period last year. Despite the dip in absolute profit, the real estate developer saw its consolidated revenue from operations grow by 14% to ₹1,197.6 crore, up from ₹1,049.3 crore in Q1FY25.

The Board of Directors approved the unaudited financial results in a meeting held on August 11, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee on August 10, 2026.

Financial Performance

Consolidated net profit before tax stood at ₹163.0 crore, down from ₹180.5 crore in Q1FY25. Standalone net profit after tax was reported at ₹131.0 crore, marginally lower than the ₹127.7 crore recorded in the corresponding quarter of the previous year. Standalone revenue from operations increased to ₹946.9 crore from ₹882.8 crore year-ago.

What the Numbers Show

The divergence between revenue growth and net profit decline highlights a shift in cost structures or tax impacts during the quarter. While revenue expanded by 14%, the operating margin more than doubled to 21.87% from 8.85% in Q1FY25. This suggests improved operational efficiency or a change in the mix of projects recognizing income. However, the net profit margin, while expanding significantly to 10.94% from 4.20%, did not translate into higher absolute bottom-line figures due to the base effect of lower prior-year profits relative to the current revenue scale.

Balance Sheet Metrics

As of June 30, 2026, the company’s consolidated net worth stood at ₹87,312 lakh. The debt equity ratio remained stable at 0.33, compared to 0.31 in Q1FY25. Paid-up debt capital decreased slightly to ₹2,875.2 lakh from ₹2,936.5 lakh in the previous quarter.

The interest service coverage ratio was reported at 2.65, down from 3.06 in Q1FY25. The current ratio remained healthy at 1.31, indicating sufficient short-term liquidity to meet immediate obligations.

Ashiana Housing Ltd has approved the re-appointment of Krishna Suraj Moraje as an Independent Director for a term of five years. The decision was taken by the Board of Directors in its meeting held on August 11, 2026. The re-appointment is subject to the approval of the shareholders of the company. This move ensures continuity in the company’s governance structure, leveraging Mr. Moraje’s extensive corporate experience.

The intimation was issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that Mr. Moraje satisfies the criteria of independence prescribed under the Companies Act, 2013, and the Listing Regulations. Furthermore, in accordance with NSE Circular No. NSE/CML/2018/24 dated June 20, 2018, the company confirmed that Mr. Moraje is not debarred from holding the office of director by virtue of any order passed by SEBI or any other authority.

Director Profile

Krishna Suraj Moraje (DIN: 08594844) brings a diverse professional background to the Board. He is the Founder of the Eka Fellowship, India’s first longitudinal school-to-work program, and the Founder of Beyond Trees, a land restoration company. Previously, he served as the CEO of Quess Corp, a publicly listed company with a valuation of USD 2 billion and over 400,000 employees, where he led a holistic transformation.

Before his tenure at Quess Corp, Mr. Moraje spent two decades at McKinsey & Company. During his time there, he played an instrumental role in establishing the firm’s African Tech Media and Telecom practice and managed the Philippines Office. He holds a gold medal in Electrical Engineering from the National Institute of Technology (NIT) Surat and an MBA from the Indian Institute of Management (IIM) Ahmedabad.

Awards and Memberships

Mr. Moraje’s professional achievements have been recognized with several awards. He is a recipient of the IIM Ahmedabad Young Alumni Achiever Award and a Distinguished Alumnus Awardee at NIT Surat. He is also a Fellow of the Aspen Global Leadership Network, where he serves as a global Moderator. Additionally, he serves on the Board of Directors of several corporate and non-profit organizations.

Compliance and Disclosures

The details regarding the re-appointment were provided in Annexure-A, as required under Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This was read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The filing explicitly states that Mr. Krishna Suraj Moraje is not related to any of the existing Directors on the Board of Directors of the company in any manner. The compliance officer for this filing is Nitin Sharma (Mem No: ACS 21191), who digitally signed the document on August 11, 2026.