Simplex Realty Ltd (503229)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Simplex Realty's revenue was ₹0.2 Cr (-91.6% year on year, -97.6% on the previous quarter), and net profit ₹-0.1 Cr (a smaller loss than a year earlier); the operating margin was -485.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.2 | -91.6% | -97.6% |
| Operating profit | ₹-1.0 | loss widened | loss widened |
| Net profit | ₹-0.1 | loss narrowed | loss narrowed |
| EPS (₹) | -0.50 | loss narrowed | loss narrowed |
| Operating margin | -485.7% | — | — |
📢 Recent Corporate Announcements
Simplex Realty Ltd has responded to a clarification query from BSE dated October 14, 2026, regarding significant movement in the price and volume of its scrip. The company stated that there are no undisclosed material events or information bearing on its operations or performance under Regulation 30 of SEBI LODR. Simplex Realty emphasized that the price movement is purely market-driven, and management is not connected with or responsible for it. The company holds a micro-cap valuation of ₹43 Cr with TTM revenue of ₹11 Cr and TTM PAT of -₹3 Cr.
- BSE issued clarification query reference L/SURV/ONL/PV/SJ/ 2026-2027/4389 dated 14th October, 2026
- Company confirmed zero undisclosed events requiring reporting under Regulation 30 of SEBI LODR
- Movement in share price classified by management as purely market-driven
- Company trades at a market cap of ₹43 Cr against a net worth of ₹117 Cr
Simplex Realty Limited conducted its 113th Annual General Meeting on August 5, 2026, to transact seven key resolutions. Shareholders reviewed the FY26 financial performance, which saw a revenue of ₹12.89 cr and a net loss of ₹3.8 cr. Key management actions included the re-appointment of Shri Nandan Damani as Managing Director and Shri Sanjay N Damani as Joint Managing Director. Despite the operational losses (OPM -24.3%), the company maintains a debt-free balance sheet with a net worth of ₹112 cr.
- 113th Annual General Meeting held on August 5, 2026, with 27 members in attendance.
- Proposed re-appointment of Shri Nandan Damani (MD) and Shri Sanjay N Damani (JMD).
- Adoption of FY26 Audited Financial Statements showing a net loss of ₹3.8 cr.
- Statutory and Secretarial Auditors reported zero qualifications or adverse remarks for the period.
- Revision in remuneration terms for Smt. Sandhya R Kini, Whole-time Director, was placed for approval.
Simplex Realty Ltd has announced the reconstitution of its Audit Committee and Nomination and Remuneration Committee effective August 5, 2026. The Audit Committee now comprises five members, including four Independent Directors, while the Nomination and Remuneration Committee consists of three Independent Directors. This update is a routine governance procedure for the company, which currently has a market capitalization of Rs 42 Cr and reported a TTM loss of Rs 4 Cr. The changes ensure continued compliance with SEBI listing regulations regarding board committee structures.
- Audit Committee reconstituted with 5 members as of August 5, 2026
- Nomination and Remuneration Committee (NRC) now consists of 3 members
- 4 out of 5 members in the Audit Committee are Independent Directors
- 100% of the NRC members are Independent Directors
- Company maintains a small scale with TTM revenue of Rs 13 Cr
Simplex Realty reported a significant decline in standalone revenue to Rs 20.85 Lakhs (Rs 0.21 Cr) for Q1 FY27, down from Rs 2.50 Cr in the same quarter last year. Despite the revenue contraction, the standalone net loss narrowed to Rs 18.29 Lakhs compared to a loss of Rs 1.13 Cr in Q1 FY26, aided by a reduction in development costs. A key concern remains the company's investment in its associate, Simplex Papers Limited, which is now fully eroded, though management has deferred impairment. The company continues to operate with a single segment: Property Development.
- Revenue from operations fell to Rs 20.85 Lakhs in Q1 FY27 from Rs 250.16 Lakhs in Q1 FY26.
- Standalone net loss narrowed to Rs 18.29 Lakhs from Rs 112.73 Lakhs in the year-ago period.
- Other income of Rs 76.13 Lakhs accounted for nearly 78% of the total standalone income for the quarter.
- Investment in associate company Simplex Papers Limited is fully eroded as of June 30, 2026.
- Consolidated total comprehensive income for the period stood at a profit of Rs 5.90 Lakhs, primarily due to other comprehensive income adjustments.
Simplex Realty reported a sharp decline in consolidated revenue to ₹0.21 Cr for Q1 FY27, down from ₹2.50 Cr in the year-ago period. The consolidated net loss narrowed to ₹0.09 Cr compared to a loss of ₹1.14 Cr in Q1 FY26, primarily due to a significant reduction in cost of development/sales. A key concern remains the fully eroded investment in associate Simplex Papers Limited, which the management continues to treat as a going concern without impairment. The company remains a micro-cap with a market capitalization of ₹42 Cr and volatile quarterly performance.
- Consolidated revenue from operations fell to ₹20.85 Lakhs (₹0.21 Cr) from ₹250.16 Lakhs (₹2.50 Cr) in the same quarter last year.
- Consolidated net loss for the quarter stood at ₹8.67 Lakhs compared to a loss of ₹113.83 Lakhs in Q1 FY26.
- Standalone total expenses decreased to ₹1.24 Cr from ₹3.03 Cr YoY, driven by zero cost of development/sales in the current quarter.
- Auditors highlighted that the investment in associate Simplex Papers Limited is fully eroded as of June 30, 2026.
- Board committees, including Audit and Nomination & Remuneration, were reconstituted effective August 5, 2026.
Simplex Realty has scheduled a board meeting on August 5, 2026, to approve its un-audited financial results for the quarter ended June 30, 2026. The company is currently navigating a challenging financial period with a TTM net loss of ₹4 Cr and a negative operating margin of -24.3%. Despite these losses, the company maintains a debt-free balance sheet and a net worth of ₹112 Cr, which is significantly higher than its current market capitalization of ₹39 Cr. Investors will be watching for signs of operational recovery following a relatively stronger revenue performance of ₹8.86 Cr in the March 2026 quarter.
- Board meeting scheduled for August 5, 2026, to approve Q1 FY27 results
- Trading window for company shares has been closed since July 1, 2026
- Company reported a net loss of ₹2.04 Cr in the most recent quarter (March 2026)
- TTM revenue stands at ₹13 Cr against a market cap of ₹39 Cr
- Company maintains a zero-debt status with a net worth of ₹112 Cr
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