Samor Reality Limited reported a net loss of ₹8.96 lakh for the first quarter of FY27 (ended June 30, 2026), marking a significant improvement from the ₹15.08 lakh loss recorded in the corresponding period of FY26. The company’s Board of Directors approved the unaudited financial results on August 14, 2026.

The Ahmedabad-based real estate developer continued to operate without generating any revenue from its core business activities during the quarter. Total income stood at ₹4.83 lakh, derived entirely from other income sources, up from negligible levels in the prior year’s quarter.

Financial Performance Overview

The company incurred total expenses of ₹13.40 lakh in Q1FY27, a sharp decline from ₹259.17 lakh in the previous quarter and ₹14.01 lakh in Q1FY26. The reduction in expenses was primarily driven by changes in stock valuation and lower other expenses.

Expense Breakdown

Cost of land, plots, development rights, and constructed properties remained the largest expense component at ₹599.07 lakh. However, this was offset by a negative change in stock of (₹600.91 lakh), indicating inventory adjustments or capitalization effects. Employee benefits expense decreased to ₹2.31 lakh from ₹3.71 lakh in the preceding quarter.

Other expenses fell significantly to ₹12.52 lakh from ₹63.38 lakh in Q4FY26. Finance costs were fully capitalized into the cost of land and properties, resulting in zero finance cost impact on the profit and loss statement for the quarter.

What the Numbers Show

A key observation from the filing is that Samor Reality Limited continues to operate with zero revenue from operations, relying solely on other income to generate total income. The narrowing of the net loss from ₹15.08 lakh to ₹8.96 lakh year-on-year is attributable to a combination of higher other income (₹4.83 lakh vs nil) and controlled operational expenses, rather than any core business revenue generation. The complete capitalization of finance costs (₹94.56 lakh transferred to asset costs) shields the current period’s P&L from interest burden, though it increases the carrying value of inventory assets.

Comprehensive Income and EPS

Total comprehensive income for the quarter stood at a loss of ₹31.10 lakh, impacted by a net gain of (₹25.83 lakh) on the fair value of FVOCI equity instruments. Basic and diluted earnings per share were both (₹0.04), compared to (₹0.07) in Q1FY26.

The results were reviewed by the Audit Committee and approved by the Board. Shah & Shah, Chartered Accountants, conducted a limited review of the interim financial information as per Standard on Review Engagement (SRE) 2410.

Samor Reality Limited has announced that its board of directors will meet on Friday, May 29, 2026, to consider the audited financial results for the fourth quarter and the fiscal year ended March 31, 2026. The meeting is scheduled to be held at 03:30 pm at the company's registered office.

The primary agenda for the board meeting includes the consideration and approval of the audited financial results and the audit report for the specified period. This disclosure is being made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda Items

The board will discuss the following key matters:

• Consideration and approval of the Audited Financial Results and Audit Report for the 4th quarter and year ended 31st March, 2026.
• Appointment of Mr. Jagdish Vadaliya as an Internal Auditor of the Company for a further term of 3 years starting from financial year 2026-27.
• Transaction of any other matter with the prior approval of the chairman.

Trading Window Closure

In accordance with the Company's Code of Conduct for Prohibition of Insider Trading, the trading window for dealing in the securities of the company will remain closed. This restriction applies to all directors, officers, and designated employees and will continue until 48 hours after the declaration of the audited financial results for the fourth quarter and year ended March 31, 2026.