Prime Urban Development India Limited Reports Q3FY26 Loss, Appoints New CFO
Prime Urban Development India Limited reported a net loss of ₹15.89 lakhs for Q3FY26 ended December 31, 2025, compared to ₹3.24 lakhs loss in Q3FY25, despite total income declining to ₹33.72 lakhs. However, nine-month performance showed significant improvement with net loss reducing to ₹0.75 lakhs from ₹89.16 lakhs in the previous year. The company appointed Mr. Kishor Khadelwal as Chief Financial Officer effective February 11, 2026, while continuing to face challenges with nil operational revenue.
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Prime Urban Development India Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported a widened net loss for the third quarter while making key management changes with the appointment of a new Chief Financial Officer.
Financial Performance Overview
The company's financial performance for Q3FY26 showed deterioration compared to the previous year. Prime Urban Development recorded a net loss of ₹15.89 lakhs for the quarter ended December 31, 2025, significantly higher than the ₹3.24 lakhs loss reported in Q3FY25.
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Total Income | ₹33.72 lakhs | ₹76.12 lakhs | -55.7% |
| Total Expenses | ₹49.61 lakhs | ₹79.36 lakhs | -37.5% |
| Net Loss | ₹15.89 lakhs | ₹3.24 lakhs | +390.4% |
| Earnings Per Share | ₹(0.06) | ₹(0.01) | - |
Nine-Month Performance Shows Improvement
Despite the quarterly setback, the company's nine-month performance demonstrated significant improvement. For the nine months ended December 31, 2025, Prime Urban Development reported a marginal net loss of ₹0.75 lakhs compared to a substantial loss of ₹89.16 lakhs in the corresponding period of the previous year.
| Parameter | 9M FY26 | 9M FY25 | Improvement |
|---|---|---|---|
| Total Income | ₹153.74 lakhs | ₹53.60 lakhs | +186.9% |
| Total Expenses | ₹154.49 lakhs | ₹142.76 lakhs | +8.2% |
| Net Loss | ₹0.75 lakhs | ₹89.16 lakhs | -99.2% |
Revenue and Operational Challenges
The company continues to face operational challenges with nil revenue from operations during both the quarter and nine months ended December 31, 2025. The total income was entirely driven by other income, which stood at ₹33.72 lakhs for Q3FY26 and ₹153.74 lakhs for the nine-month period.
Key expense components for Q3FY26 included:
- Other expenses: ₹34.91 lakhs
- Employee benefit expenses: ₹7.13 lakhs
- Depreciation and amortization: ₹3.90 lakhs
- Finance costs: ₹3.67 lakhs
Leadership Changes
The Board of Directors approved the appointment of Mr. Kishor Khadelwal as Chief Financial Officer with effect from February 11, 2026. Mr. Khadelwal brings educational qualifications including Bachelor of Commerce and Master of Commerce degrees from the University of Mumbai, along with six years of association with the company.
Business Outlook and Segments
Prime Urban Development India Limited is currently engaged in the realty business, representing its single reportable segment under Indian Accounting Standard 108. However, the company has strategically added Investment and Trading as business activities in its main object clause, which is expected to generate operational revenue in due course.
The company's paid-up equity share capital remains stable at ₹532.87 lakhs with a face value of ₹2 per share. The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 11, 2026.
Historical Stock Returns for Prime Urban Development
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.48% | +3.35% | -4.64% | -22.88% | -5.79% | +0.94% |
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