Integrated Filing — IndAS



General information about company

Scrip Code 533218
NSE Symbol EMAMIREAL
MSEI Symbol NOTLISTED
ISIN INE778K01012
Name of company EMAMI REALTY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment REAL ESTATE
Start date and time of board meeting 13-11-2025   11:30:00
End date and time of board meeting 13-11-2025   13:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 916.94 1,517.60
Other income 822.28 1,653.37
Total income 1,739.22 3,170.97
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 2,219.10 2,227.56
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (6,932.17) (10,199.86)
(d) Employee benefit expense 508.31 966.32
(e) Finance costs 2,500.79 4,831.45
(f) Depreciation, depletion and amortisation expense 33.39 67.46
(f) Other Expenses
1 Project Expenses 5,337.45 9,119.11
2 Other expenses 2,194.49 5,886.40
Total other expenses 7,531.94 15,005.51
Total expenses 5,861.36 12,898.44
3 Total profit before exceptional items and tax (4,122.14) (9,727.47)
4 Exceptional items 0.00 0.00
5 Total profit before tax (4,122.14) (9,727.47)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (563.33) (1,088.18)
9 Total tax expenses (563.33) (1,088.18)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (3,558.81) (8,639.29)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 4.74 4.74
16 Total profit (loss) for period (3,554.07) (8,634.55)
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period (3,554.07) (8,634.55)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (3,554.07) (8,634.55)
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (3,554.07) (8,634.55)
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 876.68 876.68
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -8.11 -19.92
Diluted earnings (loss) per share from continuing operations -8.11 -19.92
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -8.11 -19.92
Diluted earnings (loss) per share from continuing and discontinued operations -8.11 -19.92
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) a The above Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 13th November 2025. The Statutory Auditors of the Company have reviewed these results as required under Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. b The financial Accounts of Ms Bengal Emami Housing Limited Ms Swan Housing and Infra Private Limited and Ms Prajay Urban Private Limited associates of the Company and Ms Lohitka Properties LLP Mumbai in which the Company is 10 percent profit partner not being ready have not been taken into consolidated results for the quarter and half year ended 30th September 2025 and the impact thereof has been judged as non material. c On 16th April 2025 the Company had allotted 5990000 equity shares and 8200000 warrants convertible into one fully paid up equity share of the Company on preferential basis to the Promoter group entities of the Company at a price of Rs 128.50 each payable by way of conversion of Unsecured Loan. Consequent upon such allotment the issued subscribed and paid-up equity share capital of the Company stands at Rs 876.68 Lakhs divided into 43833889 equity shares of Rs 2 each. d Convertible Warrants issued during the year are anti-dilutive in nature for the company hence Basic and Diluted EPS are same. e During the Quarter and half year ended September 2025 the Company has made an assessment of its realisable value of Loans Given. Based on such assessments an amount of Rs 20.82 crores and Rs 55.88 crores respectively has been provided as impairment loss under Other Expenses in the Financial Results. f The Company operates in a single business segment i.e. Real Estate Development. g These Financial Results are available on the Companys website at www.emamirealty.com. h Figures of the previous periods have been regrouped or recasted wherever necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 173.87
Capital work-in-progress
Investment property 691.94
Goodwill 2,516.63
Other intangible assets 34.15
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 10,805.24
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets 396.46
Total non-current financial assets 11,201.70
Deferred tax assets (net) 11,024.13
Other non-current assets 117.34
Total non-current assets 25,759.76
2 Current assets
Inventories 1,11,479.52
Current financial asset
Current investments 782.18
Trade receivables, current 631.81
Cash and cash equivalents 772.88
Bank balance other than cash and cash equivalents 9.28
Loans, current 26,583.10
Other current financial assets 42,596.87
Total current financial assets 71,376.12
Current tax assets (net) 943.54
Other current assets 15,525.78
Total current assets 1,99,324.96
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 2,25,084.72
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 876.68
Other equity (15,350.71)
Total equity attributable to owners of parent (14,474.03)
Non controlling interest
Total equity (14,474.03)
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 87,986.26
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 3,730.70
Total non-current financial liabilities 91,716.96
Provisions, non-current 269.49
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 91,986.45
Current liabilities
Current financial liabilities
Borrowings, current 1,02,944.63
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 28.77
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 223.70
Total Trade payable 252.47
Other current financial liabilities 5,619.57
Total current financial liabilities 1,08,816.67
Other current liabilities 38,735.54
Provisions, current 20.09
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 1,47,572.30
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 2,39,558.75
Total equity and liabilites 2,25,084.72
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (9,727.47)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4,831.45
Adjustments for decrease (increase) in inventories (10,199.86)
Adjustments for decrease (increase) in trade receivables, current 368.86
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,101.12)
Adjustments for decrease (increase) in other non-current assets (11.08)
Adjustments for other financial assets, non-current 172.59
Adjustments for other financial assets, current 263.23
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (72.51)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 7,670.17
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 67.46
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 23.10
Adjustments for other financial liabilities, current (2,188.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 1,088.89
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (38.58)
Other adjustments to reconcile profit (loss) (1.05)
Other adjustments for non-cash items 5,588.33
Share of profit and loss from partnership firm or association of persons or limited liability partnerships (143.02)
Total adjustments for reconcile profit (loss) 4,141.08
Net cash flows from (used in) operations (5,586.39)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (201.76)
Net cash flows from (used in) operating activities (5,788.15)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 125.00
Purchase of property, plant and equipment 11.50
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 6,849.98
Purchase of other long-term assets 5,211.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties (2,936.84)
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1,088.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (0.27)
Net cash flows from (used in) investing activities (95.73)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 10,331.40
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 529.09
Repayments of borrowings 0.00
Payments of lease liabilities 35.55
Dividends paid 0.00
Interest paid 4,831.45
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 5,993.49
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 109.61
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 109.61
Cash and cash equivalents cash flow statement at beginning of period 663.27
Cash and cash equivalents cash flow statement at end of period 772.88