Citadel Realty & Developers Q1 Results: Net profit rises 19% YoY

Citadel Realty & Developers reported a consolidated net profit of ₹47.57 lakh for the quarter ended June 30, 2026, marking a 19% year-on-year increase from ₹40.60 lakh in Q1FY26. The growth was driven by higher income from operations, which rose to ₹108.46 lakh from ₹98.93 lakh in the previous year’s quarter. Standalone net profit stood at ₹47.32 lakh, up from ₹39.60 lakh a year ago. Shareholders are advised that the record date for determining entitlement to the final dividend is fixed at September 4, 2026, subject to approval at the upcoming Annual General Meeting.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 4, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, ATMS & Co LLP. Nilesh Dand, Executive Director, CEO, and CFO, was authorized to sign and certify the financial statements and submit them to BSE Limited.

Financial Performance

Income from operations increased to ₹108.46 lakh in Q1FY27, compared to ₹98.93 lakh in Q1FY26. Total expenses remained relatively flat at ₹42.18 lakh, down slightly from ₹45.41 lakh in the prior year quarter. Finance costs were ₹38.04 lakh, marginally lower than the ₹38.63 lakh recorded in Q1FY26. Current tax expense rose to ₹18.96 lakh from ₹13.92 lakh a year earlier.

Particulars	Q1FY27 (₹ lakh)	Q1FY26 (₹ lakh)	Change
Income from Operations	108.46	98.93	+9.6%
Total Expenses	42.18	45.41	-7.1%
Finance Cost	38.04	38.63	-1.5%
Net Profit (Consolidated)	47.57	40.60	+17.2%
Basic EPS (₹)	0.53	0.49	+8.2%

The company includes Shree Swami Samarth Builders & Developers as an associate partnership firm in its consolidated results. The share of profit from this firm was ₹0.25 lakh in Q1FY27, compared to ₹1.00 lakh in Q1FY26. Paid-up equity share capital remains at ₹900.00 lakh, with a face value of ₹10 per share.

Corporate Actions

The Board convened its meeting on August 4, 2026, commencing at 3:45 p.m. and concluding at 5:30 p.m. In addition to approving the quarterly results, the Board scheduled the 66th Annual General Meeting (AGM) for Friday, September 18, 2026. The cut-off date for determining eligibility to vote electronically and at the AGM is set for Friday, September 11, 2026. The final dividend entitlement will be determined based on the shareholding records as of September 4, 2026.

What the Numbers Show

The improvement in net profit was primarily operational, stemming from a rise in income from operations rather than cost-cutting alone. While total expenses decreased slightly, the most significant driver was the 9.6% increase in top-line revenue. Finance costs, which constitute the largest expense category at ₹38.04 lakh, remained largely unchanged year-on-year, indicating stable debt servicing obligations. The modest contribution from the associate firm suggests that core real estate operations continue to be the primary profit engine for the group.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.26%	-5.78%	-7.17%	-9.03%	-53.13%	+139.83%

Citadel Realty and Developers Limited reported a 29.5% rise in net profit to ₹151.20 crore for the financial year ended March 31, 2026, compared to ₹116.72 crore in the previous year. Revenue from operations for the year increased to ₹393.01 crore from ₹354.29 crore in FY25. The board recommended a final dividend of Re. 0.50 per equity share of ₹10 each, subject to shareholder approval, which aggregates to a total dividend of Re. 1.00 per share for the fiscal year.

The financial results were approved by the Board of Directors at its meeting held on May 27, 2026. The statutory auditors, ATMS & Co LLP, issued an unmodified opinion on the audited standalone and consolidated financial results. The company also re-appointed Mr. Ashish Mehta as the Internal Auditor for the financial year 2026-27 upon the recommendation of the Audit Committee. Following a query from BSE, the company clarified on June 13, 2026, that it had inadvertently uploaded Limited Review Reports instead of the Auditors' Reports, a discrepancy since rectified without any modification to the financial figures.

Financial Performance

The company’s profit before tax for FY26 stood at ₹210.45 crore, up from ₹156.85 crore in the prior year. Total expenses for the year decreased to ₹182.56 crore from ₹197.44 crore in FY25. Finance costs for the year were reported at ₹152.97 crore, slightly lower than the ₹158.81 crore recorded in the previous year.

For the quarter ended March 31, 2026, the company reported a net profit of ₹38.32 crore, compared to ₹26.06 crore in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹95.96 crore.

Key Financial Metrics

Metric	FY26 (₹ in lakhs)	FY25 (₹ in lakhs)
Total Income	393.01	354.29
Total Expenses	182.56	197.44
Profit Before Tax	210.45	156.85
Net Profit	151.20	116.72
Basic EPS (₹)	1.80	1.48

Capital Structure and Dividend

The paid-up equity share capital as of March 31, 2026, was ₹900 lakh, an increase from ₹830.50 lakh in the previous year. This rise followed the conversion of 6,95,000 equity shares from warrants, where the company received the balance 75% of the warrant amount in January 2026.

The board declared a final dividend of Re. 0.50 per share, adding to the interim dividend of Re. 0.50 per share paid earlier. The total dividend payout for the year amounts to Re. 1.00 per equity share. The trading window for designated persons, which was closed from April 1, 2026, reopened on May 30, 2026.