Justo Realfintech reports audited FY26 financial results
Justo Realfintech Ltd reported audited FY26 results with total assets of ₹162.25 crore and shareholders' funds of ₹126.87 crore. Manpower costs rose 3% to ₹45.05 crore, while operational expenses increased 17% to ₹19.15 crore. Trade receivables grew to ₹86.09 crore, and cash and cash equivalents stood at ₹23.14 crore. The company repaid ₹5 crore in NCDs and launched Chestertons India.

*this image is generated using AI for illustrative purposes only.
Justo Realfintech Ltd has released its audited financial results for the year ended March 31, 2026, providing a comprehensive overview of its financial health and operational strategy. The company, which operates a tech-driven real estate services platform, reported total assets of ₹162.25 crore and total equity and liabilities of ₹162.24 crore for the period. The filing details the firm's performance across its mandate platform and financial advisory verticals, alongside its expansion into new geographies.
Financial Performance
The company’s shareholders' funds stood at ₹126.87 crore as of March 31, 2026, comprising share capital of ₹18.80 crore and reserves and surplus of ₹108.07 crore. Non-current liabilities were reported at ₹1.29 crore, while current liabilities totaled ₹34.08 crore. On the assets side, non-current assets amounted to ₹20.45 crore, and current assets were recorded at ₹141.79 crore. Trade receivables increased significantly to ₹86.09 crore in FY26 from ₹49.43 crore in the previous year.
Expense Breakdown
Justo Realfintech provided a granular breakdown of its expenses for FY26. Total manpower costs rose marginally by 3% to ₹45.05 crore, up from ₹43.77 crore in FY25. Operational and other expenses increased by 17% to ₹19.15 crore, though the company noted that excluding a one-time bad debt write-off of ₹1.62 crore, the underlying operational cost increase was only 6%. Key operational expenses included brokerage and commission at ₹8.39 crore and travelling and conveyance expenses at ₹3.22 crore.
| Particulars | FY26 (₹ in Cr) | FY25 (₹ in Cr) |
|---|---|---|
| Total Manpower Cost | 45.05 | 43.77 |
| Brokerage & Commission | 8.39 | 7.26 |
| Travelling & Conveyance | 3.22 | 2.50 |
| Rent | 1.64 | 1.51 |
| Bad Debts Written Off | 1.62 | 0.16 |
| Professional Fees | 1.34 | 2.12 |
| Total Operational & Other Expenses | 19.15 | 16.39 |
Finance Costs and Cash Flow
The finance cost details revealed that NCDs amounting to ₹5 crore, along with associated accrued costs, were repaid in the second half of the financial year using IPO proceeds. The net finance cost for the year was reported at ₹1.12 crore. The cash flow statement showed a net increase in cash and cash equivalents of ₹15.98 crore, bringing the closing balance to ₹23.14 crore. Net cash used in operating activities was ₹9.42 crore, while net cash from financing activities was ₹51.55 crore.
Strategic Developments
The presentation highlighted the launch of Chestertons India, a wholly owned subsidiary, as a strategic extension of the global real estate advisory firm Chestertons. Justo Realfintech also outlined its technology stack, Project Manthan, which is being delivered in five phases ranging from pre-sales to deep AI and fintech integration. The company reported a geographic footprint spanning Mumbai, Pune, and Nashik, with planned expansions into Ahmedabad, Bengaluru, and Hyderabad over the next 24 months.
Historical Stock Returns for Justo Realfintech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.21% | -4.49% | -12.49% | -13.21% | -37.00% | -37.00% |
How will the planned expansion into Ahmedabad, Bengaluru, and Hyderabad impact the company's operational cost structure over the next two years?
What specific revenue milestones does Justo Realfintech expect to achieve with the full implementation of Project Manthan's AI and fintech integration?
Will the company seek additional capital to fund its geographic expansion, or will it rely primarily on its current cash reserves?































