G.G. Dandekar Properties Reports Q1 FY2026 Results with Significant Land Sale Gain

GG Dandekar Properties Limited, formerly known as G.G. Dandekar Machine Works Limited, has announced its unaudited standalone and consolidated financial results for the first quarter. The company, which operates in the leasing of immovable properties sector, reported a notable performance driven by a significant land sale.

Financial Highlights

• Revenue from Operations: The company reported revenue from operations of ₹106.49 lakhs.
• Total Income: Total income for the quarter stood at ₹122.98 lakhs.
• Exceptional Gain: GG Dandekar Properties sold a freehold land parcel measuring 3,601 sq. meters in Bhiwandi for ₹401.00 lakhs. The net gain from this sale is presented as an exceptional item in the financial results.
• Earnings Per Share (EPS): The basic and diluted EPS for the quarter was ₹8.05.

Operational Performance

The company's primary business remains focused on leasing immovable properties. The operational and other direct expenses for the quarter were ₹12.02 lakhs, while employee benefits expense stood at ₹15.05 lakhs.

Financial Position

• Outstanding Loans: The total outstanding loans stood at ₹4.03 crores, with no defaults reported.
• Debt Securities: The company reported no outstanding debt securities.

Tax Matters

GG Dandekar Properties is currently addressing ongoing income tax matters for assessment years 2011-12 and 2013-14. The company has filed applications under the Vivaad se Vishwas Scheme to mitigate potential financial risks associated with these tax issues. There has been no reported progress on these applications during the quarter.

Corporate Actions

The Board of Directors has approved the conversion of 14,989 Compulsorily Convertible Preference Shares (CCPS) of its associate company, Navasasyam Dandekar Private Limited (NDPL), into equity shares at a 1:1 ratio. This conversion is in line with the terms of issue of the CCPS.

Board Approval

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on August 8, 2025.

GG Dandekar Properties Limited continues to focus on its core business of leasing immovable properties while managing its financial and tax-related matters. The significant land sale during the quarter has positively impacted the company's financial performance.