Emami Realty reported a widened standalone net loss of ₹1,679.44 lakh for the quarter ended June 30, 2026, compared to a loss of ₹5,078.65 lakh in the corresponding period of FY25. Consolidated net loss stood at ₹1,681.75 lakh for the quarter.

Operating revenue from operations declined 6.4% year-on-year to ₹547.35 lakh, down from ₹584.85 lakh in Q1FY26. However, total revenue decreased more sharply by 33.2% to ₹946.19 lakh, driven by a significant drop in other income.

Key Financial Metrics

The company’s total expenses rose 54.5% year-on-year to ₹3,193.91 lakh from ₹7,019.19 lakh. Project expenses accounted for ₹4,802.92 lakh, while changes in inventories provided a credit of ₹4,668.33 lakh. Finance costs remained relatively stable at ₹2,149.48 lakh, down slightly from ₹2,311.10 lakh in the prior year quarter.

What the Numbers Show

Other income constituted 42.2% of total standalone revenue in Q1FY27 (₹398.84 lakh against ₹946.19 lakh total), highlighting a continued dependency on non-operating sources given that operating revenue from real estate development remains low at ₹547.35 lakh. In contrast, other income dropped significantly from ₹830.84 lakh in Q1FY26, which had contributed 58.7% of total revenue that year.

Corporate Actions

The Board of Directors, in its meeting held on August 13, 2026, approved the dissolution of the Demerger Committee with immediate effect. The unaudited financial results were reviewed by Statutory Auditors Agrawal Tondon & Co., which issued an unmodified limited review report.

The Company noted that previous quarters included significant provisions for doubtful debts—₹3,254.34 lakh in Q4FY26 and ₹3,506.18 lakh in Q1FY26—making current quarter expenses non-comparable. Additionally, Emami Realty is a 10% profit partner in Lohitka Properties LLP, Mumbai; however, no effect of profitability has been considered in these results as the entity’s financials were not finalized.

Emami Realty Limited announced that Independent Director Debasish Bhaumik completed his second term on July 21, 2026, and ceased to hold the position effective the close of business hours. This transition follows the completion of his tenure as an Independent Director, necessitating his departure from the board and its associated committees. The company acknowledged his contributions during his tenure.

Consequent upon his retirement, Bhaumik vacated his roles across several key board committees. He ceased to be a member of the Audit Committee and Corporate Social Responsibility Committee. Furthermore, he stepped down as Chairman of the Stakeholders' Relationship Committee, Nomination and Remuneration Committee, Finance Committee, and Demerger Committee, effective the close of business hours on July 21, 2026.

The cessation of directorship extends to the company's material subsidiary. Bhaumik also ceased to be an Independent Director of Sneha Ashiana Private Limited with effect from the close of business hours on July 21, 2026. This development was disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Cessation

The disclosure was submitted to the stock exchanges referencing the SEBI Master Circular dated January 30, 2026. Emami Realty placed on record its appreciation for the guidance provided by Bhaumik during his association with the company.