Ravinder Heights Limited (RHL) has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showcasing a significant revenue surge driven by a collaboration agreement.

Financial Highlights

RHL reported consolidated revenue from operations of Rs 5,501.01 Lakhs (Rs 55.01 Crore) for Q2 FY26, a substantial increase from Rs 12.72 Lakhs in the previous quarter. The company's total income for the quarter stood at Rs 5,630.70 Lakhs (Rs 56.31 Crore). This remarkable growth was primarily attributed to a Rs 5,500 Lakhs revenue recognition from a collaboration agreement.

Collaboration Agreement Details

The revenue boost came from a Second Addendum executed on September 14, 2025, to the original Collaboration Agreement dated December 10, 2019. An additional non-refundable and non-adjustable security deposit of Rs 3,000 Lakhs (Rs 30 Crore) was paid by Bestech India Pvt. Ltd. on September 19, 2025, to Radhika Heights Limited (a wholly-owned subsidiary of RHL) and its subsidiaries. This deposit was in addition to the original Rs 2,500 Lakhs (Rs 25 Crore) deposit made in December 2019. The Owners recognized total revenue of Rs 5,500 Lakhs in accordance with Ind AS-115.

Profitability

RHL demonstrated strong profitability, reporting a consolidated profit after tax of Rs 3,987.31 Lakhs (Rs 39.87 Crore) for Q2 FY26. This represents a significant turnaround from the previous quarter's loss of Rs 51.97 Lakhs and Q2 FY25's loss of Rs 5.89 Lakhs.

Key Financial Metrics

Half Year Performance (H1 FY26)

For the half year ended September 30, 2025:

• Revenue from Operations: Rs 5,513.73 Lakhs
• Total Income: Rs 5,811.18 Lakhs
• Profit After Tax: Rs 3,935.34 Lakhs
• EPS: Rs 6.42 per share

Balance Sheet Strength

As at September 30, 2025 (Consolidated):

• Total Assets: Rs 30,913.80 Lakhs
• Total Equity: Rs 28,038.37 Lakhs
• Equity Share Capital: Rs 613.26 Lakhs (61.33 Crore shares of Re 1/- each)
• Other Equity: Rs 27,425.11 Lakhs
• Cash & Cash Equivalents: Rs 778.98 Lakhs

Business Operations

The group is primarily engaged in real estate development, construction of residential/commercial properties, and property renting. The company operates through its subsidiary Radhika Heights Limited and its five subsidiaries: Radicura Infra Limited, Sunanda Infra Limited, Cabana Construction Private Limited, Nirmala Buildwell Private Limited, and Nirmala Organic Farms & Resorts Private Limited.

Audit and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on November 12, 2025. M/s. Dewan P.N. Chopra, Chartered Accountants, the company's Statutory Auditors, issued a Limited Review Report with no material qualifications.

Conclusion

Ravinder Heights Limited's Q2 FY26 results demonstrate remarkable financial performance, primarily driven by the collaboration agreement with Bestech India Pvt. Ltd. The company successfully transitioned from losses to significant profitability with a PAT of Rs 39.87 Crore. The additional security deposit of Rs 30 Crore has substantially strengthened the company's financial position and indicates positive momentum in its real estate development business.

Ravinder Heights Limited (RHL) has announced a significant development in its real estate portfolio. The company's wholly-owned subsidiary, Radhika Heights Limited, along with its other subsidiaries and in collaboration with Bestech Group, has obtained RERA (Real Estate Regulatory Authority) licenses for two affordable housing projects in Gurugram, Haryana.

Project Details

The two projects, both located in Sector 89A of Gurugram, are being developed under the Deen Dayal Jan Awas Yojana (DDJAY) scheme, which aims to promote affordable housing. Here are the key details of the projects:

Both projects are described as affordable residential plotted colonies, indicating a focus on providing accessible housing options in the rapidly developing Gurugram region.

Significance of RERA Licensing

The acquisition of RERA licenses for these projects is a crucial step in the development process. RERA certification ensures that the projects comply with regulatory standards, providing potential homebuyers with increased confidence and protection. This move aligns with the government's push for regulated and transparent real estate development, particularly in the affordable housing segment.

Company Background

Ravinder Heights Limited is expanding its presence in the real estate sector through these strategic collaborations. The partnership with Bestech Group, an established name in Indian real estate, suggests a combined effort to leverage expertise and resources in delivering these affordable housing projects.

The company had previously disclosed the approval of licenses for these projects by the Haryana Government's Town and Country Planning department in April and October 2021. The recent RERA certifications mark the next significant milestone in bringing these projects to fruition.

As the real estate market in India continues to evolve, with a growing emphasis on affordable housing, developments like these by Ravinder Heights and its partners could play a crucial role in addressing housing demands in urban areas like Gurugram.

Investors and potential homebuyers will likely keep a close watch on the progress of these projects, as they represent a significant addition to the affordable housing inventory in one of India's fastest-growing real estate markets.