B-Right Realestate Limited Investor Presentation FY26: Revenue Surges 62%, Net Profit Jumps 1974%
B-Right Realestate Limited's FY 2025-26 investor presentation highlights revenue of ₹169.9 crore (+62% YoY), EBITDA of ₹67.7 crore (+366% YoY), and net profit of ₹35.1 crore (+1974% YoY). Pre-sales reached ₹286.4 crore with collections of ₹124.2 crore and 1,29,726 sq. ft. of carpet area sold during the year. The company's ongoing portfolio carries a total projected revenue of ₹1,840 crore, while its upcoming project pipeline has an aggregate GDV of ₹7,546 crore across 19 projects. Net worth stood at ₹176 crore in FY26, with the Debt/PBT ratio improving significantly to 3 from 18 in FY24.

*this image is generated using AI for illustrative purposes only.
B-Right Realestate Limited, listed on the BSE SME Platform, released its investor presentation for FY 2025-26 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation, filed on May 06, 2026, highlights a year of strong financial and operational performance, underpinned by the company's focus on SRA and redevelopment projects across Mumbai's key micro-markets.
FY26 Yearly Snapshot
The company delivered robust headline numbers for the year ended March 2026, with revenue, profitability, and operational metrics all registering significant year-on-year improvement. The following table summarises the key performance indicators:
| Metric: | FY26 | YoY Growth |
|---|---|---|
| Revenue: | ₹169.9 CR | +62% |
| EBITDA: | ₹67.7 CR | +366% |
| Net Profit: | ₹35.1 CR | +1974% |
| Pre-Sales Value: | ₹286.4 CR | — |
| Collections: | ₹124.2 CR | — |
| Carpet Area Sold: | 1,29,726 SQFT | — |
Consolidated Financial Performance
The consolidated profit and loss statement (amounts in Lakhs) reflects a sharp acceleration in profitability across all three fiscal years tracked in the presentation:
| Particulars: | FY 24 | FY 25 | FY 26 |
|---|---|---|---|
| Revenue from Operations: | ₹4,090 | ₹10,343 | ₹16,779 |
| Other Income: | ₹138 | ₹147 | ₹213 |
| Total Income: | ₹4,228 | ₹10,490 | ₹16,993 |
| Expenses: | ₹3,364 | ₹9,387 | ₹11,083 |
| Profit Before Tax: | ₹864 | ₹838 | ₹5,910 |
| Current Tax: | ₹311 | ₹403 | ₹1,349 |
| Deferred Tax: | ₹21 | ₹(1.65) | ₹(1.71) |
| Profit/(Loss) (Attributable to Parent): | ₹243 | ₹169 | ₹3,515 |
Revenue from operations grew from ₹4,090 lakhs in FY24 to ₹16,779 lakhs in FY26, while profit before tax expanded from ₹864 lakhs in FY24 to ₹5,910 lakhs in FY26. The profit attributable to the parent company rose sharply from ₹169 lakhs in FY25 to ₹3,515 lakhs in FY26.
Operational Highlights
The company's operational performance has shown consistent growth over the three-year period, with both pre-sales and revenue rising steadily:
| Particulars: | FY 24 | FY 25 | FY 26 |
|---|---|---|---|
| Pre-Sales Value (₹ CR): | 97 | 186 | 286 |
| Revenue (₹ CR): | 42 | 105 | 170 |
Pre-sales more than doubled from ₹97 crore in FY24 to ₹286 crore in FY26, while revenue grew from ₹42 crore to ₹170 crore over the same period.
Debt Profile and Balance Sheet
The consolidated balance sheet (amounts in Lakhs) shows total assets and liabilities of ₹49,070 lakhs in FY26, up from ₹33,153 lakhs in FY25. Key debt and equity metrics are as follows:
| Metric: | FY 24 | FY 25 | FY 26 |
|---|---|---|---|
| Net Worth (₹ CR): | 140 | 141 | 176 |
| Debt (₹ CR): | 154 | 78 | 187 |
| Debt/Equity: | 1.10 | 0.55 | 1.05 |
| Debt/PBT: | 18 | 9 | 3 |
Net worth improved from ₹140 crore in FY24 to ₹176 crore in FY26. While total debt increased to ₹187 crore in FY26 from ₹78 crore in FY25, the Debt/PBT ratio improved markedly from 18 in FY24 to 3 in FY26, reflecting stronger earnings relative to debt levels.
Project Portfolio Overview
The company's ongoing project portfolio comprises 11 projects with a combined salable area of 7,53,712 sq. ft. Of this, 3,94,740 sq. ft. has been sold across 624 units, while 3,58,972 sq. ft. across 577 units remains unsold. Total receipts from sold units stand at ₹185 crore, with receivables of ₹405 crore. The total projected revenue from ongoing projects is ₹1,840 crore, of which ₹191 crore has been recognised and ₹1,649 crore remains unrecognised.
The upcoming project pipeline spans 19 projects with a combined free sales FSI of 27,68,353 sq. ft. and an aggregate GDV of ₹7,546 crore. The three largest upcoming projects by GDV are Sky 54 in Malad East (GDV: ₹2,145 crore), Shivaji Nagar in Borivali West (GDV: ₹1,206 crore), and Grandeur in Mulund West (GDV: ₹1,577 crore).
Lenders and Institutional Relationships
The company maintains working capital and construction finance facilities with multiple lenders:
| Lender: | Facility Details |
|---|---|
| HDFC Bank: | ₹30 Cr Working Capital Limit |
| ICICI Bank: | ₹11 Cr Working Capital Limits |
| Capri Global Capital Limited: | ₹45 Cr Construction Finance Limit |
| State Bank of India: | Construction Finance Limit Facility Fully Repaid |
| Malani Ventures (Promoter Family Office): | ₹25.26 Cr Promoter Funding at Project Level |
Growth Journey and Key Milestones
B-Right Realestate's growth journey spans over a decade, with several notable milestones:
- 2008: Mr. Sanjay Shah began investing in the real estate sector, identifying opportunities in distressed projects.
- 2010: Entered large-scale project funding through personal networks, banks, and NBFCs.
- 2016: Successfully executed the first distressed project, demonstrating project management capabilities.
- 2022: Raised ₹44 Crores via BSE SME IPO.
- 2025: Earned BBB-/Stable Investment Grade Rating for the company's ₹40 Crore Fixed Deposit Scheme.
- 2026: Crossed ₹1,000+ crore market capitalisation milestone.
The company reports having successfully delivered over 1 million sq. ft. across completed projects, with over 10 million sq. ft. under development across ongoing projects and 12+ completed projects delivered.
Historical Stock Returns for B Right Realestate
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.52% | +1.59% | -2.81% | +160.16% | +169.51% | +523.38% |
With ₹1,649 crore in unrecognised revenue from ongoing projects, what execution risks could delay revenue recognition and impact B-Right's profitability trajectory in FY27?
Given the sharp rise in debt from ₹78 crore to ₹187 crore in FY26 to fund the upcoming pipeline, how might rising interest rates or tightening credit conditions affect the company's ability to finance its ₹7,546 crore GDV project pipeline?
How could potential regulatory changes in Mumbai's SRA and redevelopment policies impact B-Right's project approvals and timelines for its 19 upcoming projects?


































