Thakkers Developers Limited has delivered strong financial performance in Q3FY26, demonstrating robust growth across revenue and profitability metrics. The real estate development company's latest results showcase improved operational efficiency and business momentum.

Financial Performance Highlights

The company's quarterly performance shows significant improvement across all major financial parameters. Revenue growth has been particularly noteworthy, with the company expanding its market presence effectively.

Nine-Month Performance Analysis

The nine-month results demonstrate consistent growth trajectory with sustained profitability improvements. Total income for the nine months ended December 31, 2025 reached ₹1484.26 lakhs compared to ₹1240.94 lakhs in the corresponding period of the previous year.

Segment-wise Business Performance

The company operates through two primary business segments: Construction & Contract Related Activity and Estate Dealing & Development Activity. Both segments have contributed to the overall growth story.

Construction & Contract Related Activity: Generated revenue of ₹133.77 lakhs in Q3FY26 with segment result of ₹40.39 lakhs.

Estate Dealing & Development Activity: Recorded revenue of ₹369.50 lakhs in Q3FY26 with segment result of ₹304.85 lakhs.

Balance Sheet Strength

The company maintains a strong balance sheet position with total assets of ₹20005.51 lakhs as of December 31, 2025. The asset composition reflects a balanced mix of current and non-current assets, supporting operational requirements and growth initiatives.

Consolidated Results Overview

On a consolidated basis, the company reported even stronger performance with total income of ₹1523.91 lakhs for Q3FY26 and net profit of ₹504.53 lakhs. The consolidated nine-month results show total income of ₹3421.50 lakhs with net profit of ₹718.03 lakhs, reflecting the contribution from subsidiary operations.

The Board of Directors approved these unaudited financial results at their meeting held on February 14, 2026. The company's statutory auditors have issued an unmodified opinion on the financial statements, confirming compliance with applicable accounting standards.

Thakkers Developers Ltd announced a significant change in its leadership team as Abhishek Narendra Thakker steps down from his role as Chief Financial Officer (CFO), effective September 30, 2025. The company, known for its real estate development activities, disclosed this information in a filing to the Bombay Stock Exchange on October 10, 2025.

Resignation Details

Mr. Thakker's decision to resign stems from his desire to redirect his focus towards business development activities and strategic growth initiatives within the company. This move suggests a potential shift in Thakkers Developers' strategic priorities, emphasizing growth and expansion.

Transition Process

In his resignation letter dated August 14, 2025, Mr. Thakker expressed his commitment to ensuring a smooth transition. He stated, "I remain committed to ensuring a smooth transition and will extend all possible assistance during the handover process." This commitment underscores the company's efforts to maintain operational continuity during this leadership change.

Company Disclosure

The company has provided detailed information about the resignation in compliance with SEBI regulations. Key details of the disclosure include:

Impact and Future Outlook

While the company has not yet announced a successor for the CFO position, Mr. Thakker's shift to focus on business development could signal Thakkers Developers' intent to pursue aggressive growth strategies. The real estate sector often requires a delicate balance between financial prudence and growth initiatives, making this transition particularly noteworthy for investors and industry observers.

As Thakkers Developers navigates this leadership change, stakeholders will likely be keen to see how the company's financial strategy and growth plans evolve in the coming months. The appointment of a new CFO and any subsequent strategic announcements will be crucial indicators of the company's future direction.