G.G. Dandekar Properties Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2025. The Board of Directors approved these results on 6th February 2026, following recommendations from the Audit Committee.

Financial Performance Overview

The company's quarterly performance showed mixed results across different metrics. Revenue from operations and other income components varied significantly compared to previous periods.

Nine-Month Performance Analysis

The nine-month results demonstrated stronger overall performance despite quarterly challenges. Total income for the nine months reached ₹333.39 lakhs compared to ₹296.97 lakhs in the corresponding period last year.

Exceptional Items Impact

The company reported significant exceptional items during the reporting period. For the quarter ended 31st December 2025, exceptional items showed a negative impact of ₹34.68 lakhs. However, for the nine-month period, exceptional items contributed positively with ₹360.26 lakhs.

Key exceptional items included:

• Sale of freehold land in Bhiwandi during Q1 FY26, generating net gain of ₹394.94 lakhs
• Buyback transaction with associate company NDPL during Q3 FY26, resulting in net gain of ₹232.01 lakhs offset by fair valuation impact of ₹266.70 lakhs

Expense Structure

Total expenses for the quarter amounted to ₹133.32 lakhs compared to ₹146.18 lakhs in Q3 FY25. The major expense components included depreciation and amortisation expenses of ₹64.76 lakhs, employee benefits expense of ₹20.79 lakhs, and operational expenses of ₹20.30 lakhs.

Tax Matters and Regulatory Updates

The company continues to address income tax matters related to assessment years 2011-12 and 2013-14. Applications have been filed under the Vivaad se Vishwas Scheme in January 2025 to mitigate financial risks. The company wrote back excess provision of ₹205.13 lakhs following rectification of tax demand to ₹95.06 lakhs.

Additionally, the company has evaluated the impact of new labour codes that became effective from 21st November 2025 and recognised estimated impacts in the current financial results.

Debt Position

As of 31st December 2025, the company's total financial indebtedness stood at ₹3,87,78,368, comprising loans and revolving facilities from banks and financial institutions. The company reported no defaults on outstanding amounts.

Business Focus

G.G. Dandekar Properties operates primarily in the leasing of immovable properties segment. The company maintains its registered office at MIDC Butibori Industrial Area, Nagpur, and holds ISO 9001:2008 certification.

GG Dandekar Properties Limited has successfully completed a significant buyback transaction with its associate company, Navasasyam Dandekar Private Limited. The deal, which involved the repurchase of 30,730 equity shares at INR 756 per share, has resulted in a substantial inflow of funds for GG Dandekar Properties while reducing its stake in the associate company.

Transaction Details

Financial Impact

The buyback transaction has had several effects on GG Dandekar Properties Limited's financial position:

1. Profit Increase: The company's profit has increased by INR 2.32 crores as a result of this transaction.
2. Cash Position: The bank balance has seen a boost of INR 2.09 crores.
3. Investment Value: While the stake in the associate company has decreased, the remaining investment value stands at INR 3.80 crores.

Balance Sheet Implications

Examining the company's balance sheet data, we can observe some relevant changes:

Note: All figures are in INR crores

The slight decrease in total assets and current assets might be partially attributed to the reduction in the company's stake in its associate. However, the cash infusion from the buyback transaction is likely to offset some of these changes in the upcoming financial reports.

Strategic Implications

This transaction marks a significant shift in GG Dandekar Properties Limited's relationship with Navasasyam Dandekar Private Limited. While maintaining a substantial stake of 33.31%, the company has effectively monetized a portion of its investment, potentially freeing up capital for other strategic initiatives or strengthening its financial position.

The move could be seen as a part of GG Dandekar's broader strategy to optimize its investment portfolio and focus on core business activities. Investors and market analysts will be keen to see how the company utilizes the proceeds from this transaction in the coming months.

As the company navigates this change in its investment structure, stakeholders will be watching closely for any signals of new strategic directions or potential reinvestment of the funds received from this buyback transaction.