Real Growth FY26 net profit falls to ₹77.49 lakh

1 min read     Updated on 27 May 2026, 08:47 PM
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Real Growth Corporation reported a net profit of ₹77.49 lakh for the financial year ended March 31, 2026, a significant drop from ₹727.65 lakh in the previous year. Revenue from operations declined to ₹26.00 lakh from ₹380.45 lakh in FY25. The company turned profitable in the quarter ended March 31, 2026, with a net profit of ₹85.19 lakh compared to a loss in the prior quarter. The audited financial results, approved by the board on May 25, 2026, were published in newspapers on May 27, 2026. The auditors noted irregularities in statutory dues and a key audit matter regarding a refund receivable from a group company under insolvency supervision.

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Real Growth Corporation reported a net profit of ₹77.49 lakh for the financial year ended March 31, 2026, a sharp decline from ₹727.65 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹26.00 lakh, compared to ₹380.45 lakh in FY25. The board approved the audited standalone financial results prepared as per IND-AS during its meeting held on May 25, 2026. The audited financial results were published in Financial Express (English) and Jansatta (Hindi) on May 27, 2026, pursuant to Regulation 30 read with Regulation 47(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹85.19 lakh, a turnaround from the net loss of ₹7.74 lakh in the preceding quarter ended December 31, 2025. Total income for the quarter was ₹185.26 lakh, while total expenses amounted to ₹56.49 lakh. The basic and diluted earnings per share (EPS) for the quarter were reported at ₹2.13.

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Revenue from Operations 26.00 380.45
Total Income 387.23 860.86
Total Expenses 284.33 687.44
Net Profit for the Period 77.49 727.65
Basic EPS (₹) 1.94 18.19

Auditor's Report

M/s A D Gupta And Associates, Chartered Accountants, audited the standalone financial statements and issued an unmodified opinion. The auditors noted that the company has not been regular in depositing certain undisputed statutory dues, including GST and TDS, as of March 31, 2026. The report also highlighted a key audit matter regarding a refund receivable from a group company, M/s Rajesh Projects (India) Pvt. Ltd., which is under the supervision of an Interim Resolution Professional.

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What specific measures will management implement to address the sharp decline in operational revenue from FY25 to FY26?

How does the company plan to regularize the undisputed statutory dues noted by the auditors to avoid future regulatory penalties?

What is the estimated timeline and likelihood of recovering the refund receivable from M/s Rajesh Projects (India) Pvt. Ltd. given the insolvency supervision?

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Real Growth Corporation appoints Kunal Jain as Company Secretary

1 min read     Updated on 26 May 2026, 04:41 PM
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Real Growth Corporation Limited has appointed Mr. Kunal Jain as Company Secretary and Compliance Officer effective May 26, 2026. The Board approved the appointment on May 25, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Jain is an Associate Member of ICSI with 13 years of experience in Corporate Governance and RERA Compliances.

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Real Growth Corporation Limited has appointed Mr. Kunal Jain as its Company Secretary and Compliance Officer effective May 26, 2026. The decision strengthens the company's corporate governance framework by filling the key managerial personnel role mandated under the Companies Act, 2013.

The Board of Directors approved the appointment at its meeting held on May 25, 2026, following the recommendation of the Nomination and Remuneration Committee. Mr. Jain assumes the role of Company Secretary pursuant to Section 203 of the Companies Act, 2013, and Compliance Officer under Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Kunal Jain is an Associate Member of the Institute of Company Secretaries of India (ICSI) and holds a law degree. He brings approximately 13 years of experience in the field of Corporate Governance and RERA Compliances, possessing specialized knowledge in secretarial practices and allied corporate laws.

The disclosure regarding the change in Key Managerial Personnel was made to BSE Limited under Regulation 30 of the Listing Regulations. The specific details of the appointment were provided in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoDI/P/CIR/2023/123 dated July 13, 2023.

Details of Appointment

S. No. Particulars Details
1. Reason for Change Appointment
2. Date of Appointment 26.05.2026
3. Terms Not Applicable

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How will Mr. Jain's specialized expertise in RERA compliances influence Real Growth Corporation's strategy for managing real estate regulatory risks?

What specific corporate governance improvements does the company plan to implement following this key appointment?

Will this appointment lead to a review of the company's existing compliance frameworks to align with best practices?

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