Avishkar Infra Realty Limited, formerly known as Joy Realty Limited, has released its financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance with standalone profit but consolidated losses.

Consolidated Performance

The company reported a consolidated net loss of Rs. 45.72 lacs for the quarter ended September 30, 2025. This loss comes despite a total income of Rs. 47.85 crores for the same period. The consolidated results include the performance of its subsidiary, Avishkar Keval Kunj Redevelopment Private Limited.

Standalone Results

On a standalone basis, Avishkar Infra Realty showed a more positive picture:

The standalone results demonstrate a significant turnaround from the loss in the same quarter of the previous year.

Financial Position

As of September 30, 2025, the company's consolidated financial position shows:

• Total Assets: Rs. 4,471.19 lacs
• Equity Share Capital: Rs. 2,240.33 lacs
• Other Equity: Rs. (896.60) lacs

Key Observations

1. Revenue Source: The majority of the company's income for the quarter came from 'Other Income' rather than core operations.

2. Inventory Growth: Consolidated inventories (work in progress) increased to Rs. 3,898.24 lacs from Rs. 3,610.70 lacs at the end of the previous financial year, indicating ongoing project developments.

3. Borrowings: Non-current borrowings rose to Rs. 1,994.96 lacs from Rs. 1,822.20 lacs, suggesting increased leverage for project financing.

4. Cash Flow: The company experienced a net decrease in cash and cash equivalents, with the closing balance at Rs. 32.80 lacs compared to Rs. 120.05 lacs at the beginning of the period.

Avishkar Infra Realty's mixed results reflect the challenges and opportunities in the real estate sector. While the standalone entity shows signs of profitability, the consolidated performance indicates that the group faces hurdles, possibly related to its subsidiary operations or ongoing development projects.

Investors and stakeholders may be watching closely to see how the company manages its project pipeline and financial leverage in the coming quarters, as these factors could be crucial in determining the company's future performance and market position.

Avishkar Infra Realty Limited and Sashwat Technocrats Limited have recently disclosed their financial results for the quarter ended June 30, revealing contrasting performances in the challenging economic landscape.

Sashwat Technocrats' Financial Performance

Sashwat Technocrats Limited reported a significant increase in total income from operations for the quarter ended June 30. The company's revenue rose to Rs 3.52 lakh, compared to a negative Rs 0.93 lakh in the previous quarter, marking a substantial improvement in its top line.

However, despite the revenue growth, the company faced challenges in profitability:

• Net loss after tax widened to Rs 5.99 lakh, compared to Rs 1.26 lakh loss in the prior quarter.
• Earnings per share (EPS) stood at negative Rs 1.96 for the quarter.
• The company's paid-up equity share capital remained unchanged at Rs 30.62 lakh.

Avishkar Infra Realty's Disclosure

Avishkar Infra Realty Limited, formerly known as Joy Realty Limited, has published its unaudited financial results for the quarter ended June 30. The company made this disclosure in compliance with regulatory requirements:

• Results were published in English in The Business Standard newspaper on August 13.
• The Marathi version was published in Tarun Bharat newspaper on the same date.

This disclosure aligns with Regulation 30 and Regulation 47 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, demonstrating the company's commitment to transparency and regulatory compliance.

Corporate Governance and Compliance

Both companies have shown adherence to regulatory standards:

• Sashwat Technocrats' results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 11.
• Avishkar Infra Realty promptly informed the stock exchanges about the publication of their results, as required by SEBI regulations.

These financial disclosures provide investors and stakeholders with crucial insights into the companies' performances and financial positions as they navigate the current economic environment.