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Country Condo's Q3 Profit Falls 54% YoY; Board Oks Merger with Amrutha Estate
Country Condo's Limited reported a 9.6% YoY decline in net sales to ₹442.89 lakhs for the quarter ended December 31, 2025. Net profit dropped sharply by 54% to ₹7.03 lakhs compared to ₹15.34 lakhs in the previous year. A significant strategic development is the board's in-principle approval for a merger with Amrutha Estate Pvt Ltd (AEPL). While current earnings are weak, the merger could be a major catalyst for the real estate firm pending valuation and due diligence.
Key Highlights
Net Sales decreased to ₹442.89 lakhs in Q3 FY26 from ₹489.96 lakhs in Q3 FY25.
Net Profit plummeted 54% YoY to ₹7.03 lakhs from ₹15.34 lakhs.
EPS for the quarter stood at ₹0.01, down from ₹0.03 in the same period last year.
In-principle approval granted for merger with Amrutha Estate Pvt Ltd (AEPL) to initiate due diligence.
Nine-month net profit for FY26 stands at ₹41.49 lakhs compared to ₹50.88 lakhs in the previous year.
💼 Action for Investors
The weak quarterly results are offset by the potential merger news; investors should wait for the valuation and swap ratio details before taking a position. Exercise caution as the company's standalone profitability remains very thin.
Country Condo's Q3 Profit Falls 54% YoY to ₹7.03 Lakhs; Board Oks Merger with Amrutha Estate
Country Condo's Limited reported a weak financial performance for Q3 FY26, with net profit declining 54% year-on-year to ₹7.03 lakhs. Total income also saw a contraction, falling to ₹442.97 lakhs from ₹493.47 lakhs in the same period last year. However, the Board has provided in-principle approval for a merger with Amrutha Estate Pvt Ltd (AEPL), which could significantly alter the company's asset base. The company is currently initiating due diligence and appointing valuers to finalize the merger scheme.
Key Highlights
Net Profit after tax declined by 54.17% YoY to ₹7.03 lakhs from ₹15.34 lakhs.
Total Income for the quarter decreased to ₹442.97 lakhs compared to ₹493.47 lakhs in Q3 FY25.
Earnings Per Share (EPS) dropped to ₹0.01 from ₹0.03 in the corresponding previous year quarter.
In-principle approval granted for the merger of Amrutha Estate Pvt Ltd (AEPL) with the company.
Land development expenditure remained a major cost driver at ₹248.47 lakhs for the quarter.
💼 Action for Investors
Investors should remain cautious due to the declining bottom line but should closely monitor the upcoming merger ratio and the valuation of Amrutha Estate Pvt Ltd.