Crest Ventures has incorporated two step-down wholly owned subsidiaries to further its business objectives in the real estate sector. The listed company announced the formation of EZY Living Nest Private Limited on August 17, 2026, and EZY Living Spaces Private Limited on August 18, 2026. Both entities are wholly owned by Crest EZY Living Private Limited, which is itself a wholly owned subsidiary of Crest Ventures.

The new subsidiaries are structured to undertake real estate development and allied activities. Their scope includes the acquisition, development, leasing, and operation of residential, commercial, and purpose-built rental housing assets. Specifically, the companies will focus on build-to-rent (BTR) models, co-living spaces, and student housing. This expansion aligns with the company’s existing real estate business verticals.

Subsidiary Details

Both entities were incorporated under the Companies Act, 2013, with their registered offices in Maharashtra. They have not yet commenced business operations.

Regulatory Disclosure

Crest Ventures disclosed the incorporation under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company stated that the promoters, promoter group, and group companies have no interest in the newly incorporated entities. Consequently, the incorporation does not fall within the ambit of related party transactions. Crest Ventures holds 100% indirect shareholding in both subsidiaries through its 100% stake in Crest EZY Living Private Limited.

Crest Ventures reported a significant decline in profitability for the quarter ended June 30, 2026, driven by sharp contractions in both revenue and operating margins across its standalone and consolidated entities.

The company's standalone net profit for the quarter fell 84% year-on-year (YoY) to ₹3.5 crore, down from ₹22.1 crore in the corresponding period of FY26. This decline followed a sequential drop from the previous quarter's net profit of ₹6.5 crore. On a consolidated basis, net profit decreased 68% YoY to ₹11.5 crore, compared to ₹25.7 crore in Q1FY26.

Revenue figures mirrored this downward trajectory. Standalone total income from operations contracted 61% YoY to ₹19.2 crore, down from ₹49.1 crore in the prior year. Consolidated total income from operations also saw a substantial decline of 52% YoY, falling to ₹30.3 crore from ₹63.1 crore in the same period last year.

Financial Performance Overview

The following table highlights the key financial metrics for the quarter ended June 30, 2026, compared to the previous year and quarter:

What the Numbers Show

The divergence between the standalone and consolidated results highlights the performance disparity within the group structure. While the standalone entity reported a net profit margin of approximately 18.5% on reduced revenues, the consolidated entity maintained a higher net profit margin of roughly 38%. This suggests that the group's subsidiaries or associates contributed disproportionately to the overall profitability relative to their revenue share, or that the standalone entity faced higher specific cost pressures during the quarter.

Earnings Per Share

Basic earnings per share (EPS) for the standalone entity stood at ₹1.25, a significant drop from ₹7.84 in the previous year. The diluted EPS was identical at ₹1.25. On a consolidated basis, basic EPS was ₹4.01, down from ₹8.93 in Q1FY26.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on August 13, 2026. The full format of the quarterly financial results is available on the company’s website and the stock exchange portals.