Lake Shore Realty FY26 net profit falls 77% to ₹16.41 lakh
Lake Shore Realty Limited reported a 77% decline in net profit to ₹16.41 lakh for FY26, driven by lower other income, while revenue from operations remained nominal at ₹0.30 lakh. The company underwent a significant management change and business transition from food manufacturing to real estate development during the year.
*this image is generated using AI for illustrative purposes only.
Mahaan Foods reported a 77% decline in net profit to ₹16.41 lakh for the financial year ended March 31, 2026, down from ₹72.85 lakh in the previous year. The company, which changed its name from Mahaan Foods Limited to Lake Shore Realty Limited effective April 22, 2025, recorded revenue from operations of ₹0.30 lakh compared to nil in the prior year. Other income decreased to ₹131.16 lakh from ₹135.80 lakh in FY25, resulting in a total revenue of ₹131.46 lakh.
The Board of Directors approved the audited financial results and the Directors' Report for FY26 at a meeting held on June 19, 2026. Profit before tax for the year stood at ₹23.29 lakh, a significant decrease from ₹96.85 lakh in the previous year. The company provided for current tax of ₹5.87 lakh and deferred tax of ₹0.18 lakh during the year.
Financial Performance
The company's financial statements for the year reflect the transition in its business operations from manufacturing dairy and pharma nutritional products to real estate and infrastructure development. The paid-up share capital remained unchanged at ₹3,50,07,000, divided into 35,00,700 equity shares of ₹10 each.
| Particulars | FY26 (₹ in lakh) | FY25 (₹ in lakh) |
|---|---|---|
| Revenue from operations | 0.30 | 0.00 |
| Other Income | 131.16 | 135.80 |
| Total Revenue | 131.46 | 135.80 |
| Profit before tax | 23.29 | 96.85 |
| Net Profit | 16.41 | 72.85 |
Management and Governance Changes
During the financial year, the company underwent a significant change in management and control pursuant to a Share Purchase Agreement executed on May 30, 2025. Consequently, several directors resigned, and new appointments were made to the Board. Ms. Bhairavi Chandrakant Goswami was appointed as Managing Director, while Mr. Himanshu Dineshkumar Joshi and Mr. Ankit Dinesh Singh were appointed as CFO and Company Secretary & Compliance Officer, respectively.
The Board was reconstituted post the financial year, with Mr. Narendra Kumar Verma appointed as an Additional Independent Director effective May 15, 2026. Mrs. Ruchi Ghanashyam resigned from the Board effective April 1, 2026. The Audit, Nomination & Remuneration, and Stakeholder Relationship Committees were also reconstituted to align with the new Board composition.
Operational Outlook
The company stated that it is constantly looking for viable business proposals and is formulating business plans for future growth. Its vision involves leading in the development and management of large-scale projects across real estate, infrastructure, hospitality, education, healthcare, and industrial warehousing sectors. The company aims to explore opportunities for growth beyond domestic borders and provide integrated turnkey services.
Historical Stock Returns for Mahaan Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.01% | -0.94% | -1.03% | -30.06% | -22.78% | +117.15% |
What specific real estate or infrastructure projects does Lake Shore Realty plan to undertake to replace the revenue lost from its former dairy operations?
How does the new management team intend to secure funding for large-scale projects given the current reliance on other income for profitability?
What is the timeline for the company to finalize and announce its first major business proposal in the real estate or infrastructure sectors?
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