Homesfy Realty reported a consolidated net loss of ₹20.49 crore for the financial year ended March 31, 2026, a significant decline from the profit of ₹1.38 crore recorded in the previous year. The company’s revenue from operations fell to ₹40.32 crore in FY26 from ₹58.67 crore in FY25, primarily due to lower recognition of unbilled revenue following strengthened internal validation processes. Despite the contraction in financial topline, operational metrics showed resilience with Gross Transaction Value (GTV) increasing 3% year-on-year to ₹2,347 crore.

The company’s EBITDA turned negative at ₹(20.44) crore for FY26, compared to a positive EBITDA of ₹1.56 crore in the preceding year. Expenses rose during the period, with employee expenses at ₹26.73 crore and other expenses increasing to ₹33.67 crore. The balance sheet reflected a reduction in reserves, which stood at ₹26.47 crore as of March 26, 2026, down from ₹47.00 crore a year earlier. Cash and cash equivalents also decreased to ₹17.34 crore from ₹25.35 crore in FY25.

Operating Performance

Operational growth was driven primarily by the direct broking segment, which saw GTV rise 17% to ₹2,005 crore. In contrast, the mymagnet.io broker aggregator platform witnessed a decline in GTV by 40% to ₹343 crore as the company prioritized profitability and operating discipline over scale. The average ticket size per home increased 15% to approximately ₹1.47 crore, while total gross bookings decreased 10% to 1,589 units.

Geographic and Business Mix

Geographically, the Mumbai Metropolitan Region (MMR) continued to dominate sales, contributing 60.4% to the total GTV in FY26, down from 64.3% in the previous year. Pune emerged as a focused growth market, increasing its share to 20.1% from 18.5%, while Bengaluru and Hyderabad accounted for 10.9% and 8.6% respectively. The home loans vertical showed robust growth, with disbursements rising 26% year-on-year to ₹341 crore across 393 loans.

Strategic Initiatives

Management attributed the financial performance to a strategic shift towards productivity and operating efficiency. The company initiated a transformation program titled 'Reset. Rebuild. Rise' aimed at achieving 5,000 homes annually by FY29. This includes focusing on sales force productivity, core market reinforcement, and technology upgrades. The average number of employees reduced by 15% to 363 in FY26, while sales as a percentage of total employees improved to 76% in the second half of the year.

Homesfy Realty Limited has paid a fine of ₹11,800 to the National Stock Exchange of India Limited following a delay in submitting the results of a postal ballot. The penalty, comprising a base amount of ₹10,000 and GST of ₹1,800, was levied for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the delayed XBRL filing.

The National Stock Exchange issued a notice to the company on May 14, 2026, identifying the non-compliance for the month ended April 30, 2026. The specific instance cited was a failure to adhere to Regulation 44(3). The company was required to remit the payment within 15 days of the notice date to avoid potential freezing of promoter shareholdings.

In its response to the exchange, the Board of homesfy realty clarified that the voting results for the postal ballot held on April 19, 2026, were submitted on April 24, 2026. The Board stated that the delay in the XBRL filing was unintentional and resulted from an inadvertent oversight on the company's part.

The Board has advised management to implement necessary measures to prevent the recurrence of such lapses and to strengthen internal controls to ensure timely regulatory compliance going forward. The company confirmed that the penalty levied by the stock exchange has been duly paid.

The exchange had instructed the company to place the matter of non-compliance and the subsequent action taken before its Board. The comments from the Board were required to be disseminated via the NEAPS portal under the specific subject 'Board comments on fine levied by the Exchange'.