Prozone Realty Limited has announced its Q3 FY26 financial results, demonstrating strong performance across its diversified real estate portfolio. The company's operations income reached Rs 582.3 mn for the quarter, marking a significant 30% increase compared to the same period last year.

Financial Performance Highlights

The company's financial metrics showed robust growth across key parameters during Q3 FY26:

The company's EBITDA for Q3 FY26 stood at Rs 254.8 mn, reflecting a 28% increase from Rs 198.7 mn recorded in Q3 FY25. The profit before tax (PBT) showed exceptional growth, rising 152% to Rs 108.4 mn from Rs 43.1 mn in the previous year.

Revenue Stream Performance

Prozone Realty's diversified business model continued to deliver strong results across both segments. Real estate projects generated Rs 238.9 mn in revenue for Q3 FY26, representing a substantial 66% year-on-year growth. This revenue stream includes contributions from Coimbatore Residential, Nagpur Residential, and Indore plotted development projects.

Lease rental income, primarily from Ch Sambhaji Nagar Mall and Coimbatore Mall, reached Rs 343.4 mn during the quarter, showing steady 13% year-on-year growth. This consistent performance underscores the stability of the company's retail asset portfolio.

Operational Excellence in Retail Assets

The company's retail properties maintained strong operational metrics during the quarter:

Both malls demonstrated strong retailer traction, with approximately 11,000 sq ft either signed or under fit out across Ch Sambhaji Nagar and Coimbatore malls. The high occupancy rates reflect the quality and appeal of these retail destinations.

Residential Project Updates

The residential segment showed significant momentum during Q3 FY26. The Coimbatore residential project received 34 new bookings worth Rs 183 mn, while collections reached Rs 168 mn during the quarter. The project achieved a major milestone with 57 possessions given and 23 buyers already shifted into the Splendour Tower.

The Nagpur residential project continued its handover process, with 207 units handed over to date out of 336 completed apartments. Part occupancy certificate has been obtained for 242 units up to 11 floors, demonstrating steady project execution.

Nine-Month Performance

For the nine-month period (9M FY26), the company maintained strong performance metrics with an EBITDA margin of 47.1%, compared to 35.6% in 9M FY25. This improvement in margin efficiency reflects the company's operational optimization and revenue mix enhancement strategies.

Prozone Realty Limited has notified stock exchanges regarding the structural conversion of its statutory auditors from a traditional partnership to a Limited Liability Partnership (LLP) format. The conversion became effective on January 13, 2026, marking a significant administrative change in the company's auditing arrangements.

Auditor Conversion Details

The statutory auditing firm M S K A & Associates, Chartered Accountants has converted itself into M S K A & Associates LLP, Chartered Accountants under the provisions of the Limited Liability Partnership Act, 2008. The firm communicated this change to Prozone Realty through a formal letter dated January 21, 2026.

Continuity of Services

Despite the structural change, M S K A & Associates LLP will continue to serve as the statutory auditors of Prozone Realty Limited. The firm will discharge all duties and responsibilities for the remaining tenure of their appointment under the same terms and conditions that were previously established with the partnership structure.

Regulatory Compliance

Prozone Realty Limited has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this development. The company has also made the information available on its official website at prozonerealty.com, ensuring transparency for all stakeholders.

The notification was signed by Ajayendra Pratap Jain, CS and Chief Compliance Officer of Prozone Realty Limited, demonstrating proper corporate governance procedures in handling this administrative change. The conversion represents a routine business structure modification that does not impact the ongoing auditing relationship between the company and its statutory auditors.