B-Right RealEstate Limited, a Mumbai-focused real estate developer specialising in redevelopment and Slum Rehabilitation Authority (SRA) projects, has announced its highest-ever financial and operational performance for FY 2025–26, while also anticipating revenue growth exceeding 50% for FY27, driven by strong visibility in its project pipeline. The company reported a consolidated revenue of ₹169.9 crore, a net profit of ₹35.1 crore—nearly 20 times higher than the previous year—and crossed the ₹1,000 crore market capitalisation milestone, marking a significant step in its evolution as an urban redevelopment platform.

FY26 Financial Performance

The company's FY26 results reflect strong operating leverage and efficient project execution across its Mumbai portfolio. EBITDA rose sharply by 366% to ₹67.7 crore, while net profit grew 1974% year-on-year to ₹35.1 crore. Pre-sales of ₹286.4 crore and collections of ₹124.2 crore further underscored the operational momentum maintained during the year.

The following table summarises the key financial and operational highlights for FY26:

Operational Scale and Development Pipeline

B-Right RealEstate's development platform currently spans over 10 million sq. ft. under development across multiple projects in Mumbai. The company's ongoing projects carry an estimated projected revenue potential of approximately ₹1,840 crore, while an upcoming project has an estimated Gross Development Value (GDV) exceeding ₹7,500 crore. The portfolio covers key Mumbai micro-markets including Malad, Andheri, Jogeshwari, Khar, Matunga, Mulund, Borivali, Chembur, Santacruz, and South Mumbai, spanning SRA projects, society redevelopment, and joint development opportunities.

Management Commentary

Commenting on the performance, Mr. Sanjay Nathalal Shah, Chairman & Managing Director, stated: "FY26 marks a significant inflection point in B-Right Group's growth journey. Our SRA and redevelopment-led platform backed by strong execution capabilities, disciplined capital allocation, and an IRR-driven growth strategy has started delivering results. While certain large-format projects experienced approval-related delays during the year, our overall execution momentum remained robust and our development pipeline expanded substantially."

FY27 Outlook and Planned Project Launches

Looking ahead, the company has outlined plans to launch 5 projects in FY27 with an estimated combined GDV of approximately ₹687 crore. The planned launches include:

• Oscar Jyoti
• Ideal
• Safalya
• Godavari SRA
• Lovely Cozy
• Sharda

The company expects revenue growth of over 50% in FY27, subject to timely regulatory approvals and stable market conditions. B-Right RealEstate continues to strengthen relationships with leading financial institutions including HDFC Bank, ICICI Bank, Capri Global Capital Limited, and State Bank of India, which are expected to support future expansion and project execution initiatives.

About B-Right RealEstate Limited

B-Right RealEstate Limited is a Mumbai-based listed social real estate development company focused on redevelopment, SRA, and urban transformation projects. The company has built a diversified portfolio across key Mumbai micro-markets, supported by an expanding development platform, disciplined capital allocation, and an execution-led growth strategy.

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:

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:

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:

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:

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:

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.