Thakkers Group Limited , a prominent player in the real estate sector, has reported a significant financial shift in its second quarter results for the fiscal year 2026. The company faced a challenging period, posting a net loss despite a substantial increase in revenue.

Financial Performance Overview

The company's financial results for the quarter ended September 30, 2025, paint a complex picture of growth and challenges:

All figures in lakhs

Key Highlights

1. Revenue Growth: Thakkers Group witnessed a remarkable increase in revenue from operations, jumping to ₹114.00 lakhs from ₹14.41 lakhs in the same quarter last year. This represents a substantial year-over-year growth of 691.12%.

2. Profitability Challenges: Despite the revenue surge, the company reported a net loss of ₹210.49 lakhs, a stark contrast to the profit of ₹141.83 lakhs in Q2 FY2025.

3. Increased Expenses: The total expenses for the quarter stood at ₹825.47 lakhs, with finance costs contributing ₹228.31 lakhs to this figure. These elevated expenses played a significant role in the quarterly loss.

Factors Influencing Performance

The company's financial results indicate a period of expansion and investment, as evidenced by the substantial increase in revenue. However, this growth has been accompanied by a proportional rise in expenses, particularly in finance costs. The high finance costs suggest that Thakkers Group may be leveraging debt to fuel its growth strategies or manage ongoing projects.

Looking Ahead

While the revenue growth is a positive indicator, the shift from profit to loss underscores the challenges faced by Thakkers Group in managing its operational costs and financial obligations. Stakeholders will likely be keen to see how the company plans to address these challenges and return to profitability in the coming quarters.

The management's strategies for cost optimization and leveraging the increased revenue for sustainable growth will be crucial factors to watch in the near future.

Note: The financial results have been reviewed by Karwa Malani Kalantri and Associates, Chartered Accountants, as per the limited review report dated November 13, 2025.

In a significant development within the promoter group of Thakkers Group Ltd (formerly known as Asian Food Products Limited), Jitendra Manohardas Thakker has acquired a substantial stake from his brother through an inter-se transfer. The transaction, executed on October 14, 2025, involves the transfer of 75,000 equity shares, representing 4.74% of the company's diluted share capital.

Transaction Details

The shares were transferred from Narendra Manohardas Thakker to Jitendra Manohardas Thakker through a gift deed. This inter-se transfer among immediate relatives and promoter group members qualifies for exemption under SEBI regulations, specifically under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Impact on Shareholding

The transaction has resulted in significant changes to the shareholding structure within the promoter group:

Regulatory Compliance

The company has complied with the necessary regulatory requirements:

1. A prior intimation was filed under Regulation 10(5) on September 29, 2025.
2. The disclosure of the proposed acquisition was made within the timeline specified under the regulations.
3. A detailed disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was submitted on October 16, 2025.

Promoter Group Shareholding

Despite the internal transfer, the total promoter group shareholding remains unchanged at 56.09% of the company's diluted share capital. This includes both individual holdings and shares held through various private limited companies within the promoter group.

Company Background

Thakkers Group Ltd, listed on the BSE Limited, has undergone a name change from its former identity as Asian Food Products Limited. The company's shares are traded under the ISIN code INE04VT01017.

This inter-se transfer highlights the dynamic nature of shareholding patterns within promoter groups and demonstrates the importance of transparent disclosures in maintaining market integrity. Investors and market participants are advised to take note of this change in the company's promoter shareholding structure.