Integrated Filing — IndAS



General information about company
Scrip Code 533160
NSE Symbol DBREALTY
MSEI Symbol NOTLISTED
ISIN INE879I01012
Name of company Valor Estate Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   15:15:00
End date and time of board meeting 30-May-2025   20:25:00
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 Declaration of unmodified opinion



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 6450826000 11330805000
Other income 160367000 481319000
Total income 6611193000 11812124000
2 Expenses
(a) Cost of materials consumed 1574689000 4009783000
(b) Purchases of stock-in-trade 187490000 775369000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 3664008000 5742373000
(d) Employee benefit expense 209776000 893004000
(e) Finance costs 273677000 929007000
(f) Depreciation, depletion and amortisation expense 131900000 530373000
(f) Other Expenses
1 Impairment and Credit Loss Recognition (net of reversals) 215708000 -336211000
2 Other Expenses 320552000 1216195000
Total other expenses 536260000 879984000
Total expenses 6577800000 13759893000
3 Total profit before exceptional items and tax 33393000 -1947769000
4 Exceptional items 0 0
5 Total profit before tax 33393000 -1947769000
6 Tax expense
7 Current tax 54190000 89104000
8 Deferred tax 22295000 -816578000
9 Total tax expenses 76485000 -727474000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -43092000 -1220295000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 27749000 39984000
16 Total profit (loss) for period -15343000 -1180311000
17 Other comprehensive income net of taxes -3170000 -3471000
18 Total Comprehensive Income for the period -18513000 -1183782000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -23574000 -1255886000
Total profit or loss, attributable to non-controlling interests 8231000 75576000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -3159100 -3457100
Total comprehensive income for the period attributable to owners of parent non-controlling interests -10900 -13900
21 Details of equity share capital
Paid-up equity share capital 5384655000 5384655000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 43548028000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.04 -2.33
Diluted earnings (loss) per share from continuing operations -0.04 -2.33
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 -0.04 -2.33
Diluted earnings (loss) per share from continuing and discontinued operations -0.04 -2.33
24 Debt equity ratio 0.0039 0.0039
25 Debt service coverage ratio 0.0002 -0.0005
26 Interest service coverage ratio 0.0112 -0.011
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 14981557000
Capital work-in-progress 63846000
Investment property 887451000
Goodwill 5485800000
Other intangible assets 2911745000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 10709719000
Trade receivables, non-current
Loans, non-current 10552326000
Other non-current financial assets 2295978000
Total non-current financial assets 23558023000
Deferred tax assets (net)
Other non-current assets 2616393000
Total non-current assets 50504815000
2 Current assets
Inventories 23311051000
Current financial asset
Current investments 2186444000
Trade receivables, current 2521741000
Cash and cash equivalents 371928000
Bank balance other than cash and cash equivalents 844890000
Loans, current 1715255000
Other current financial assets 1090795000
Total current financial assets 8731053000
Current tax assets (net)
Other current assets 2926390000
Total current assets 34968494000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 85473309000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 5384655000
Other equity 43548028000
Total equity attributable to owners of parent 48932683000
Non controlling interest 788537000
Total equity 49721220000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 13506122000
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 2288000
Total Trade payable 2288000
Other non-current financial liabilities 1237663000
Total non-current financial liabilities 14746073000
Provisions, non-current 87978000
Deferred tax liabilities (net) 2281788000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 17115839000
Current liabilities
Current financial liabilities
Borrowings, current 5465719000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 35878000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2014323000
Total Trade payable 2050201000
Other current financial liabilities 2940057000
Total current financial liabilities 10455977000
Other current liabilities 6676931000
Provisions, current 1503342000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 18636250000
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 35752089000
Total equity and liabilites 85473309000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 (a) Real Estate Business 5370921000 7665784000
2 (b) Hospitality Business* 1079905000 3665021000
Total Segment Revenue 6450826000 11330805000
Less: Inter segment revenue
Revenue from operations 6450826000 11330805000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 (a) Real Estate Business -108741000 -1856548000
2 (b) Hospitality Business* 415812000 837786000
Total Profit before tax 307071000 -1018762000
i. Finance cost 273678000 273678000
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 33393000 -1947769000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 (a) Real Estate Business 21599541000 21599541000
2 (b) Hospitality Business* 28121679000 28121679000
Total Segment Asset 49721220000 49721220000
Un-allocable Assets 0 0
Net Segment Asset 49721220000 49721220000
4 Segment Liabilities
Segment Liabilities
1 (a) Real Estate Business 27143184000 27143184000
2 (b) Hospitality Business* 8608905000 8608905000
Total Segment Liabilities 35752089000 35752089000
Un-allocable Liabilities 0 0
Net Segment Liabilities 35752089000 35752089000
Disclosure of notes on segments



Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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
1 Remeasurement of net defined benefit plans -4236000 -4639000
Total Amount of items that will not be reclassified to profit and loss -4236000 -4639000
2 Income tax relating to items that will not be reclassified to profit or loss -1066000 -1168000
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 -3170000 -3471000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -1947769000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 929007000
Adjustments for decrease (increase) in inventories 6777978000
Adjustments for decrease (increase) in trade receivables, current -1750417000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 1018598000
Adjustments for decrease (increase) in other non-current assets -140770000
Adjustments for other financial assets, non-current 670283000
Adjustments for other financial assets, current 90496000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 624612000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -289033000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 530374000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 64267000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -1000442000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 2844000
Adjustments for dividend income 0
Adjustments for interest income 404404000
Adjustments for share-based payments 8965000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 83015000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 7215373000
Net cash flows from (used in) operations 5267604000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -136912000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 5404516000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 4356628000
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 477059000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 2188679000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 129994000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -6892372000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 34170000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings -1278099000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 4702454000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -5946383000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -7434239000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -7434239000
Cash and cash equivalents cash flow statement at beginning of period 7806172000
Cash and cash equivalents cash flow statement at end of period 371933000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 N A SHAH ASSOCIATES LLP Yes 31-Aug-2025