Jamshri Realty Limited , a prominent player in the real estate and hospitality sectors, has announced significant changes to its leadership team along with its financial results for the first quarter.

Leadership Changes

The company's Board of Directors, in a meeting held on August 12, made two key appointments:

1. Re-appointment of Joint Managing Director: Rajesh Damani has been re-appointed as Joint Managing Director for a one-year term, effective from October 1. This decision is subject to shareholder approval at the upcoming Annual General Meeting (AGM). Damani brings 37 years of experience across various industries, including textile, engineering, IT, IT infrastructure, and retail.

2. New Independent Director: Ankoor Sharad Kulkarni has been appointed as an Additional Independent Director with immediate effect. Kulkarni's appointment adds over 30 years of expertise in finance, business planning, analytics, information technology, strategic marketing, and risk management to the board.

Q1 Financial Highlights

For the quarter ended June 30, Jamshri Realty reported:

The company's performance showed improvement in Q1 compared to the previous quarter and the same quarter last year. Total income increased to ₹229.63 lakhs, up from ₹208.65 lakhs in Q4 and ₹260.55 lakhs in Q1 of the previous year. Notably, the company turned profitable with a net profit of ₹9.00 lakhs, compared to losses in the previous periods.

Segment Performance

Jamshri Realty operates in two main segments:

1. Property & Related Services: This segment generated revenue of ₹124.11 lakhs in Q1, showing growth from both the previous quarter (₹192.97 lakhs) and the same quarter last year (₹122.52 lakhs).

2. Hospitality Services: Revenue from this segment stood at ₹92.38 lakhs, an improvement from ₹80.82 lakhs in Q4 and ₹73.80 lakhs in Q1 of the previous year.

Other Developments

The Board of Directors also approved a proposal to avail a loan convertible into equity shares, subject to shareholder approval at the upcoming AGM.

Jamshri Realty continues to focus on its core businesses while strengthening its leadership team. The company's improved financial performance in Q1, along with strategic appointments, positions it for potential growth in the coming quarters.

Jamshri Realty Limited has announced its unaudited financial results for the quarter ended June 30, 2025, revealing a substantial increase in profitability and several key corporate developments.

Financial Performance

The company reported a notable improvement in its financial performance for the first quarter of the fiscal year:

Despite a slight decrease in total income, Jamshri Realty managed to significantly boost its net profit, which surged from Rs. 0.95 lacs in the same quarter last year to Rs. 9.00 lacs in the current quarter, marking an impressive year-over-year growth of 847.37%.

Segment Performance

Jamshri Realty operates in two primary segments:

1. Property & Related Services
2. Hospitality Services

For the quarter ended June 30, 2025:

• The Property & Related Services segment generated revenue of Rs. 124.11 lacs.
• The Hospitality Services segment contributed Rs. 92.38 lacs to the total revenue.

Corporate Developments

New Independent Director Appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Shri Ankoor Kulkarni as an Additional Independent Director. This appointment is expected to bring fresh perspectives and expertise to the company's leadership.

Proposal for Convertible Loan

In a strategic move, the company has approved a proposal to avail a loan that is convertible into equity shares. This decision is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The convertible loan could potentially provide Jamshri Realty with additional financial flexibility and resources for future growth initiatives.

Discontinued Operations

It's worth noting that Jamshri Realty has discontinued its manufacturing activities at the Solapur Plant since 2018. The financial results continue to report the performance of these discontinued operations separately, in accordance with Indian Accounting Standards.

Conclusion

Jamshri Realty Limited's first quarter results for FY2026 demonstrate a significant improvement in profitability, despite a slight dip in total income. The appointment of a new Independent Director and the proposal for a convertible loan indicate that the company is actively working on strengthening its governance and exploring financial options for future growth. Investors and stakeholders will likely be watching closely to see how these developments impact the company's performance in the coming quarters.