India Homes Limited Reports ₹18.66 Crore PAT in FY26, Completes Strategic Pivot from Steel to Mumbai Real Estate

India Homes Limited Reports Strong Financial Turnaround in FY26

India Homes Limited has released its investor presentation for Q4 and the full year ended 31st March 2026, marking a defining year of transformation for the company.

Key Highlights:

Revenue from operations rose dramatically to ₹24.50 crores in FY26 from ₹0.01 crores in FY25.
The company's EBITDA turned positive at ₹23.35 crores for the full year, compared to a loss of ₹4.58 crores in FY25.
Profit After Tax increased to ₹18.66 crores in FY26 from ₹13.39 crores in FY25.

Five Milestones That Defined the FY26 Transformation

The company completed five key strategic actions during FY26 that reshaped its balance sheet, brand, and operating roadmap.

JV MOU Signed: Memorandum of Understanding signed with the Lloyds Group to jointly develop the company's land at Khopoli (May 2025).
Development Agreement Executed: Development Agreement executed with Lloyds IHL LLP – the joint venture for the Khopoli project (July 2025).
Debt Repaid: Entire outstanding borrowings with Kotak Mahindra Bank repaid in full (September 2025).
Rebranding: Company renamed India Homes Limited; Board approves the real estate roadmap (November 2025).
ARC Settlement: One-Time Settlement reached with J.C. Flowers ARC to resolve all remaining secured borrowings; payout pending (March 2026).

Project Portfolio and Pipeline

India Homes Limited operates as a Mumbai-focused redeveloper, specialising in the transformation of legacy and under-utilised properties in prime urban locations.

Project: Location: Construction Area: Timeline: Status:
- India Court, Wadala
- ~75,000 sq ft
- ~3 years
- Pre-launch
King Court, Matunga

~1,50,000 sq ft
~3 years
Pre-launch

Duke Court, Chembur

~5,00,000 sq ft
~4 years
Pre-launch

Waterfall Enclave, Khopoli

~60 lakh sq ft
Multi-phase JV · Lloyds

CSR and Community Initiatives

India Homes Limited's CSR activities are anchored by the promoter-led Shri Banshidhar Aggarwal School in Wadala, Mumbai, which focuses on education and community development in one of the company's core micro-markets.

Board Meeting Details

The company has notified the Bombay Stock Exchange of an upcoming Board of Directors meeting, scheduled to be held on Friday, May 15, 2026.

Meeting Date: Friday, May 15, 2026
Notice Date: May 12, 2026
Purpose: Audited Financial Results for Q4 and FY26
Period Under Review: Quarter and year ended March 31, 2026
Exchange Notified: Bombay Stock Exchange Limited
Signatory: Varun S. Gupta, Managing Director (DIN: 02938137)

Trading Window Closure

In line with regulatory requirements, India Homes Limited has informed stakeholders that the trading window has been closed and will remain so until the expiry of 48 hours after the declaration of the audited financial results.