DB Realty (Valor Estate Limited) announced a stable performance in Q2 FY26. Revenue stood at ₹136.85 crore, while EBITDA reached ₹45.10 crore. The company has completed the demerger and listing of its Hospitality business and site preparedness for The Prestige Place, Worli. The company remains focused on disciplined execution and balance sheet strengthening.
Financial Performance
Valor Estate Limited reported its financial results for the second quarter and half-year ended September 30, 2025. Key financial highlights include:
- Revenue for Q2 FY26: ₹136.85 crore (compared to ₹3.48 crore in Q2 FY25)
- EBITDA for Q2 FY26: ₹45.10 crore (compared to ₹(166.77) crore in Q2 FY25)
- PBT for Q2 FY26: ₹14.39 crore (compared to ₹(160.31) crore in Q2 FY25)
- EPS (Basic) for Q2 FY26: ₹0.19 (compared to ₹(2.12) in Q2 FY25)
- Revenue for H1 FY26: ₹977.18 crore (compared to ₹10.27 crore in H1 FY25)
- EBITDA for H1 FY26: ₹91.36 crore (compared to ₹(149.31) crore in H1 FY25)
- PBT for H1 FY26: ₹40.94 crore (compared to ₹(170.5) crore in H1 FY25)
- EPS (Basic) for H1 FY26: ₹0.42 (compared to ₹(2.37) in H1 FY25)
Key Developments
The company successfully completed the demerger and listing of its Hospitality business.
Site readiness has been completed for The Prestige Place, Worli, and construction is expected to commence shortly. Casting yard approval received from BMC for the Mira Road site.
Strategic Focus
The company remains focused on disciplined execution, strengthening its balance sheet, and enhancing long-term shareholder value. Proceeds from project deliveries are expected to contribute to debt reduction.
Real Estate Operations
Valor Estate operates primarily in the Mumbai Metropolitan Region (MMR), focusing on land aggregation, securing clear land titles, and property development.
Update on Projects
- Valor secured approval for 13,374 PAP Resettlement Housing Tenements and received TDRs and Credit Note.
- Site readiness for the Company’s flagship premium development, The Prestige Place, Worli, has been fully completed.
- Valor received casting yard approval from BMC for its upcoming Mira Road development.
- Valor received the Occupancy Certificate (OC) for its premium commercial development X BKC located in Bandra and recognized ₹897 crore in its half-yearly financials.
Finances and Debt Reduction
The company has completed the conveyance of development rights in the Aradhya Park project, Dahisar, for ₹262 crore, and the proceeds will be used to redeem Non-Convertible Debentures (NCDs) amounting to ₹235 crore. Consolidated secured debt presently amounts to ₹730 crores secured against real estate project cashflows.
Source: BSE