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Crest Ventures Q3 Standalone Net Profit Declines 15.6% YoY to ₹9.50 Crore
Crest Ventures reported a decline in standalone revenue to ₹25.59 crore for Q3 FY26, down from ₹35.21 crore in the same quarter last year. Net profit followed a similar trend, falling 15.6% YoY to ₹9.50 crore. The nine-month performance shows a sharper decline in profit to ₹34.43 crore compared to ₹73.94 crore in the previous year, largely due to a high base effect from fair value gains in FY25. Despite the drop in earnings, the company maintains a very strong capital adequacy ratio of 77.12%.
Key Highlights
Standalone Revenue from Operations decreased by 27.3% YoY to ₹25.59 crore in Q3 FY26.
Net Profit for the quarter ended December 2025 stood at ₹9.50 crore, down from ₹11.25 crore in Q3 FY25.
Nine-month FY26 profit saw a significant drop to ₹34.43 crore from ₹73.94 crore in 9M FY25.
The company maintains a robust Capital Adequacy Ratio of 77.12% and a Net Worth of ₹1,154.33 crore.
Auditors highlighted ₹155.30 crore in deposits for joint developments, though management currently deems no impairment necessary.
💼 Action for Investors
Investors should exercise caution due to the significant year-on-year decline in nine-month profitability and monitor the recovery of the real estate services segment. The high capital adequacy provides a safety buffer, but the auditor's emphasis on large deposits for joint developments remains a key watchpoint.
Crest Ventures Q3 FY26 Net Profit Declines 15.6% YoY to ₹9.50 Crore
Crest Ventures reported a standalone net profit of ₹9.50 crore for the quarter ended December 31, 2025, down from ₹11.25 crore in the corresponding quarter of the previous year. Total revenue for the quarter decreased to ₹25.59 crore compared to ₹35.22 crore YoY, impacted by lower real estate service income. For the nine-month period, the net profit saw a sharp decline to ₹34.43 crore from ₹73.94 crore, primarily due to a high base in the previous year which included significant fair value gains. Despite the drop in earnings, the company maintains a very strong capital adequacy ratio of 77.12% and a low debt-equity ratio of 0.18.
Key Highlights
Standalone Q3 FY26 revenue fell 27.3% YoY to ₹2,559.49 Lakhs from ₹3,522.13 Lakhs.
Net profit for the quarter decreased by 15.6% YoY to ₹949.76 Lakhs.
9M FY26 net profit dropped significantly to ₹3,442.51 Lakhs from ₹7,394.41 Lakhs YoY.
Auditors highlighted an 'Emphasis of Matter' regarding ₹15,529.75 Lakhs in deposits for joint developments.
Capital Adequacy Ratio remains robust at 77.12% with a low Debt-Equity ratio of 0.18.
💼 Action for Investors
Investors should exercise caution due to the significant decline in nine-month profitability and the auditor's note on large deposits for joint developments. Monitor the company's ability to convert these deposits into revenue-generating projects without future impairments.
Crest Ventures Incorporates New Real Estate Subsidiary Crest EZY Living
Crest Ventures Limited has incorporated a new wholly-owned subsidiary, Crest EZY Living Private Limited, on February 11, 2026. The new entity will focus on real estate development and allied activities, specifically targeting niche segments like Build-to-Rent (BTR), co-living, and student housing. The company has initially subscribed to 1,00,000 equity shares at INR 10 each, totaling an investment of INR 10,00,000. This move is strategically aligned with Crest Ventures' core real estate business vertical and aims to capture growth in specialized rental housing assets.
Key Highlights
Incorporated Crest EZY Living Private Limited as a 100% wholly-owned subsidiary on February 11, 2026
Initial subscribed capital of INR 10,00,000 comprising 1,00,000 equity shares of INR 10 each
Target segments include residential, commercial, BTR, co-living, and student housing assets
The subsidiary is yet to commence business operations and is currently in the setup phase
Investment is made entirely in cash consideration for 100% control
💼 Action for Investors
Investors should monitor the subsidiary's progress in the co-living and student housing sectors, which are high-growth niches. This expansion indicates a strategic shift towards modern rental-yielding assets.
Crest Ventures Appoints Rajeev Sharma as Additional Director for 5-Year Term
Crest Ventures Limited has appointed Mr. Rajeev Sharma as an Additional Director (Non-Executive, Non-Independent) for a five-year term effective January 07, 2026. The appointment received prior approval from the Reserve Bank of India (RBI) on December 26, 2025. Mr. Sharma is a highly qualified professional with over 35 years of experience in Consulting, IT, and Outsourcing, and is the promoter of Osource Global. This appointment is subject to the final approval of the company's shareholders.
Key Highlights
Appointment of Mr. Rajeev Sharma as Additional Director for a 5-year term starting January 07, 2026
RBI granted prior approval for the appointment on December 26, 2025
Mr. Sharma brings over 35 years of domain expertise in Consulting, IT, and Outsourcing industries
Professional qualifications include CA, CS, CWA, Post Graduate in Law, CISA, and CFE
The appointee is the promoter of Osource Global, a leading B2B SaaS and technology solutions provider
💼 Action for Investors
Investors should view this as a positive step in strengthening the board with deep domain expertise in IT and outsourcing. No immediate action is required other than monitoring how this leadership addition impacts the company's long-term strategic direction.
Crest Ventures Allots 10,000 NCDs Worth ₹100 Crore at 12% Coupon
Crest Ventures Limited has successfully allotted 10,000 unsecured, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis. The fundraise has a total size of ₹100 Crores with a face value of ₹1,00,000 per debenture. These NCDs carry a high coupon rate of 12% per annum, with interest payable on a quarterly basis. The instruments have a relatively short tenure of 18 months, with maturity scheduled for June 23, 2027.
Key Highlights
Raised ₹100 Crores through the allotment of 10,000 NCDs via private placement
High coupon rate of 12% per annum with quarterly interest payment frequency
Short-term tenure of 18 months with a maturity date of June 23, 2027
Assigned a 'CARE BBB; Stable' credit rating by CARE Ratings Limited
NCDs are unsecured and will be listed on the Wholesale Debt Market Segment of BSE
💼 Action for Investors
Investors should monitor the company's debt-servicing capability given the high 12% interest rate and the unsecured nature of the debt. The short tenure suggests these funds might be used for immediate working capital or specific project financing.
Crest Ventures Allots INR 100 Crore Unsecured NCDs at 12% Interest Rate
Crest Ventures Limited has successfully allotted 10,000 Non-Convertible Debentures (NCDs) on a private placement basis to raise INR 100 Crores. These unsecured instruments carry a high coupon rate of 12% per annum, with interest payable quarterly over a relatively short tenure of 18 months. The issue has been assigned a 'CARE BBB; Stable' rating and will be listed on the Wholesale Debt Market segment of BSE. This capital infusion provides immediate liquidity but comes at a significant cost of capital for the company.
Key Highlights
Total fundraise of INR 100 Crores through the allotment of 10,000 NCDs with a face value of INR 1,00,000 each.
High coupon rate of 12.00% per annum with interest payments scheduled on a quarterly basis.
Short-term tenure of 18 months with a final maturity and redemption date set for June 23, 2027.
Assigned a credit rating of 'CARE BBB; Stable' by CARE Ratings Limited for the unsecured, senior instruments.
💼 Action for Investors
Investors should monitor the company's interest coverage ratio and how it plans to deploy these high-cost funds to generate superior returns. The 12% interest rate reflects a high cost of borrowing which necessitates efficient capital allocation.
Crest Ventures Redeems 9,300 NCDs Worth INR 93 Crores Plus Interest
Crest Ventures Limited has successfully completed the full redemption of 9,300 Unsecured, Senior, Redeemable Non-Convertible Debentures (NCDs) on December 20, 2025. The company repaid a total principal amount of INR 9,300 Lakhs (93 Crores) along with the applicable interest. These NCDs carried a relatively high interest rate of 12%, and their retirement will likely reduce the company's future interest burden. This move reflects the company's strong liquidity position and commitment to meeting its debt obligations.
Key Highlights
Full redemption of 9,300 Rated, Listed, Unsecured NCDs (ISIN: INE559D08024)
Total principal repayment of INR 9,300 Lakhs (93 Crores) completed
NCDs carried a high coupon rate of 12% per annum
Payment of both principal and interest finalized on December 20, 2025
💼 Action for Investors
Investors should view this as a positive sign of financial health and debt management. The reduction in high-cost debt is expected to improve the company's net interest margins in the coming quarters.
Crest Ventures to Demerge Financial Services Business; 1:2 Share Entitlement Ratio
Crest Ventures Limited has approved the demerger of its Financial Services Business into a separate entity, Crest Capital and Investment Limited (CCIL). Under the scheme, shareholders will receive 1 new share of CCIL for every 2 shares held in Crest Ventures. The demerged unit contributed INR 2,857.78 Lakhs in turnover for FY25, representing 16.49% of the company's total consolidated turnover in H1 FY26. This move is intended to unlock shareholder value and allow the financial services arm to pursue independent growth strategies and listing on BSE and NSE.
Key Highlights
Share entitlement ratio set at 1:2 (1 share of CCIL for every 2 shares of Crest Ventures)
Financial Services division turnover was INR 2,857.78 Lakhs in FY25 and INR 1,527.74 Lakhs in H1 FY26
The demerged undertaking accounts for 16.49% of the total consolidated turnover as of Sept 30, 2025
The resulting company, CCIL, will seek listing on both BSE and NSE
Scheme requires approvals from SEBI, RBI, NCLT, and shareholders
💼 Action for Investors
Investors should hold the stock to participate in the value unlocking through the new entity listing. Keep a watch on the regulatory approval timeline and the announcement of the record date.
Crest Ventures to Demerge Financial Services Business; 1:2 Share Entitlement Ratio
Crest Ventures Limited has approved a Scheme of Arrangement to demerge its Financial Services Business into a new entity, Crest Capital and Investment Limited (CCIL). Eligible shareholders will receive 1 fully paid-up equity share of CCIL for every 2 shares held in Crest Ventures. The demerged undertaking contributed INR 1,527.74 Lakhs (16.49%) to the consolidated turnover in H1 FY26. The new entity, CCIL, is proposed to be listed on both BSE and NSE, aiming to unlock value and allow for a focused growth strategy in the financial sector.
Key Highlights
Demerger of the Financial Services Business into Crest Capital and Investment Limited (CCIL).
Share entitlement ratio fixed at 1 share of CCIL for every 2 shares of Crest Ventures.
Demerged division turnover was INR 2,857.78 Lakhs in FY25 and INR 1,527.74 Lakhs in H1 FY26.
The financial services segment represented 16.49% of the total consolidated turnover for H1 FY26.
CCIL will be listed on BSE and NSE subject to regulatory approvals from NCLT, SEBI, and RBI.
💼 Action for Investors
Investors should maintain their positions to benefit from the value unlocking and the eventual listing of the specialized financial services entity. Monitor the progress of regulatory approvals from SEBI and NCLT which are critical for the completion of the demerger.
Crest Ventures Subsidiary Signs JDA for 11,000 Sq. M. Mixed-Use Project in Chembur
Crest Ventures' wholly-owned subsidiary, Crest Urban Living Private Limited, has entered into a Joint Development Agreement with Vensco Projects LLP. The partnership aims to develop a premium mixed-use project on an 11,000 sq. m. land parcel in Chembur, Mumbai. This project is highlighted as one of the largest single-parcel developments in the rapidly growing Chembur locality. The move signifies a strategic expansion of the company's real estate footprint in the Mumbai market.
Key Highlights
Joint Development Agreement signed with Vensco Projects LLP for a premium mixed-use project.
Project spans a significant land area of approximately 11,000 sq. m. in Chembur, Mumbai.
Development is positioned as one of the largest single-parcel projects in the neighborhood.
Executed through wholly-owned subsidiary Crest Urban Living Private Limited (formerly Escort Developers).
💼 Action for Investors
Investors should monitor the project's development milestones and its impact on the company's real estate segment revenue. The scale of the project in a prime Mumbai location suggests significant long-term value creation.
Crest Ventures to Raise up to ₹100 Crore via 12% Unsecured NCDs
Crest Ventures Limited has approved the issuance of 12% Rated, Unsecured, Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is ₹100 Crores, comprising a base issue of ₹75 Crores and a green shoe option of ₹25 Crores. These NCDs have a short tenure of 18 months and carry a 'CARE BBB; Stable' credit rating. The funds will likely be used for business operations or refinancing, given the relatively high 12% coupon rate.
Key Highlights
Approved issuance of NCDs totaling ₹100 Crores including a ₹25 Crore green shoe option
Fixed coupon rate of 12% per annum with a maturity period of 18 months
Assigned 'CARE BBB; Stable' rating for both the NCDs and the issuer by Care Ratings
The NCDs are unsecured, senior, and will be listed on the BSE Wholesale Debt Market
Issue is within existing borrowing limits under Section 180(1)(c) of the Companies Act
💼 Action for Investors
Investors should monitor the company's cash flow and deployment of these funds to ensure they generate returns exceeding the 12% borrowing cost. The 'BBB' rating and unsecured nature of the debt suggest a moderate risk profile.
Crest Ventures Reaffirms 'CARE BBB; Stable' Rating; Assigns Rating for New ₹100 Cr NCDs
CARE Ratings has reaffirmed the issuer rating of Crest Ventures Limited at 'CARE BBB; Stable' following a review of its FY25 and H1FY26 performance. The rating for existing Non-Convertible Debentures (NCDs) worth ₹100 crore was also reaffirmed at the same level. Furthermore, the agency assigned a 'CARE BBB; Stable' rating to a proposed new NCD issuance of ₹100 crore. The company is also preparing for a ₹93 crore repayment of existing NCDs due by December 20, 2025.
Key Highlights
Issuer rating reaffirmed at 'CARE BBB; Stable' by CARE Ratings Limited.
Existing ₹100 crore NCD rating (ISIN-INE559D08024) reaffirmed at 'CARE BBB; Stable'.
New 'CARE BBB; Stable' rating assigned to a proposed ₹100 crore NCD issuance.
Company has a scheduled repayment of ₹93 crore for existing debt by December 20, 2025.
💼 Action for Investors
The stable rating reaffirmation indicates consistent creditworthiness, though investors should monitor the company's liquidity for the upcoming ₹93 crore debt repayment in December. The 'BBB' rating suggests a moderate risk profile, and any future rating movement will depend on sustained operational performance.