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Avishkar Infra Realty Ltd (508929)

📊 BSE: 508929 🏢 Residential, Commercial Projects 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Avishkar Infra's revenue was ₹0.0 Cr (-100.0% year on year), and net profit ₹-1.1 Cr (against a profit a year earlier).

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹0.0	-100.0%	—
Operating profit	₹-0.2	to loss	to loss
Net profit	₹-1.1	to loss	to loss
EPS (₹)	-0.47	to loss	to loss

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Open offer launched to acquire 26% of Avishkar Infra Realty at Rs 23 per share

🔵 WATCH ⭐ 9/10

M&A 📅 14 Oct 2026, 05:48 PM

Aftertrade Broking submitted a Public Announcement on behalf of acquirer Nalin Ramaniklal Shah along with 10 Persons Acting in Concert (PACs) to acquire up to 58,24,853 shares of Avishkar Infra Realty Ltd. The offer represents 26% of the target company's total voting share capital under SEBI SAST Regulations. The open offer price is fixed at Rs 23 per share, representing an aggregate offer size of approximately Rs 13.40 crore. Notably, the offer price of Rs 23 is at a substantial discount of ~96% to the current market price of Rs 567.20.

Open offer to acquire up to 58,24,853 equity shares of Avishkar Infra Realty Ltd.
Offer represents exactly 26% of the company's Total Voting Share Capital.
Offer price set at Rs 23 per equity share.
Offer is made by Nalin Ramaniklal Shah alongside 10 Persons Acting in Concert (PACs).

💡 Track the upcoming Detailed Public Statement (DPS) and Letter of Offer for the underlying transaction triggers, management control intentions, and regulatory tendering timelines.

Avishkar Infra Realty Reports Q1 FY27 Consolidated Net Loss of Rs 34.86 Lakhs on Zero Revenue

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 07:01 PM

Avishkar Infra Realty reported a consolidated net loss of Rs 34.86 lakhs for Q1 FY27, a sharp decline from a profit of Rs 22.19 lakhs in the same quarter last year. The company generated zero revenue from operations, with its total income of Rs 44.46 lakhs coming entirely from 'Other Income'. Total expenses surged to Rs 90.19 lakhs, driven by a significant increase in finance costs to Rs 36.64 lakhs. Given the company's market capitalization of Rs 1276 Cr, the current lack of operational revenue highlights a major disconnect between valuation and financial performance.

Consolidated net loss of Rs 34.86 lakhs for Q1 FY27 vs a profit of Rs 22.19 lakhs in Q1 FY26
Revenue from operations remained at Rs 0.00 for the quarter
Total expenses increased to Rs 90.19 lakhs from Rs 16.65 lakhs YoY
Finance costs rose significantly to Rs 36.64 lakhs from Rs 13.04 lakhs YoY
Other income contributed the entire total income of Rs 44.46 lakhs

💡 Investors should monitor for any project launch announcements or revenue recognition milestones, as the current zero-revenue status and high P/B ratio of 84.1 indicate extreme valuation risks.

₹0.35 Cr Net Loss reported by Avishkar Infra Realty in Q1 on Zero Operating Revenue

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 06:50 PM

Avishkar Infra Realty reported zero revenue from operations for the quarter ended June 30, 2026, continuing its trend of stagnant business activity. The company posted a consolidated net loss of ₹0.35 crore, a sharp decline from the ₹0.22 crore profit recorded in the same quarter of the previous year. Total consolidated expenses rose to ₹0.78 crore, primarily driven by employee benefits and other administrative costs. With a market capitalization of ₹1,276 crore and zero trailing twelve-month (TTM) revenue, the company's valuation remains significantly detached from its current financial performance.

Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026
Consolidated net loss stood at ₹34.85 lakhs (₹0.35 Cr) compared to a profit of ₹22.19 lakhs in June 2025
Total consolidated expenses increased to ₹78.30 lakhs from ₹16.65 lakhs in the year-ago period
Other income of ₹44.46 lakhs was the sole contributor to the total income
Earnings Per Share (EPS) turned negative at ₹(0.16) for the quarter

💡 Investors should monitor for any management commentary regarding project launches or land bank monetization, as the current valuation is not supported by operational cash flows.

Avishkar Infra Realty Reports Q1 FY27 Consolidated Net Loss of Rs 34.86 Lakhs

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 06:43 PM

Avishkar Infra Realty Ltd reported a weak performance for the quarter ended June 30, 2026, with consolidated revenue from operations falling to Rs 44.46 Lakhs from Rs 189.57 Lakhs in the same period last year. The company swung to a consolidated net loss of Rs 34.86 Lakhs, compared to a profit of Rs 22.19 Lakhs in Q1 FY26. Standalone revenue also saw a sharp decline of 76.4% year-on-year. Despite a market capitalization of Rs 1276 Cr, the company's operational scale remains extremely small with negligible revenue generation.

Consolidated revenue from operations dropped significantly to Rs 44.46 Lakhs from Rs 189.57 Lakhs year-on-year.
The company reported a consolidated net loss of Rs 34.86 Lakhs for Q1 FY27 versus a profit of Rs 22.19 Lakhs in Q1 FY26.
Standalone revenue for the quarter stood at Rs 44.47 Lakhs, a 76.4% decline from Rs 188.75 Lakhs in the previous year's corresponding quarter.
Consolidated Earnings Per Share (EPS) turned negative at Rs (0.16) for the quarter.
Total consolidated expenses for the quarter were Rs 78.30 Lakhs, exceeding the total income of Rs 44.46 Lakhs.

💡 Investors should monitor the company's project pipeline and execution, as the current market valuation (P/E of 1701.9) appears highly disconnected from the actual revenue and profitability levels.

Board Meeting on August 13, 2026, to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 08 Aug 2026, 06:48 PM

Avishkar Infra Realty Ltd has scheduled a board meeting for August 13, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company currently reports zero TTM revenue and a very high P/E ratio of 1701.9, making the upcoming results critical for fundamental assessment. With a market cap of Rs 1276 Cr and a net worth of only Rs 15 Cr, the stock trades at a significant premium (P/B 84.1) despite minimal operational income in recent quarters.

Board meeting scheduled for August 13, 2026, to approve Q1 results
Results pertain to the quarter ended June 30, 2026
Company reports TTM revenue of Rs 0 Cr as per latest available data
Market capitalization stands at Rs 1276 Cr against a net worth of Rs 15 Cr
TTM PAT remains low at Rs 1 Cr with a P/E of 1701.9

💡 Monitor the results on August 13 to check for any signs of revenue generation or new project commencements, given the current zero-revenue status and high valuation multiples.

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