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Thakkers Developers Ltd (526654)

📊 BSE: 526654 🏢 Residential, Commercial Projects 📢 Latest filing: 14 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Thakkers Developers' revenue was ₹18.4 Cr (+104.5% year on year, +284.6% on the previous quarter), and net profit ₹10.0 Cr (+597.9% year on year); the operating margin was 52.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹18.4	+104.5%	+284.6%
Operating profit	₹9.6	+674.2%	from loss
Net profit	₹10.0	+597.9%	from loss
EPS (₹)	11.17	+598.1%	from loss
Operating margin	52.2%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Q1 Standalone PAT Jumps to Rs 9.21 Cr on Total Income of Rs 18.01 Cr; EPS at Rs 10.23

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 06:18 PM

Thakkers Developers reported standalone total income from operations of Rs 18.01 crore for the quarter ended June 30, 2026, driven by Rs 13.02 crore in revenue from operations. Standalone net profit turned around sharply to Rs 9.21 crore, compared to a net loss of Rs 0.17 crore in the year-ago period and a loss of Rs 1.15 crore in the preceding quarter. Basic and diluted EPS for the quarter came in at Rs 10.23 versus Rs -0.19 in Q1 of the previous fiscal. The statutory auditors issued an unmodified review report on the results.

Revenue from operations stood at Rs 13.02 Cr, with total income reaching Rs 18.01 Cr for Q1 FY27.
Net profit recorded at Rs 9.21 Cr, marking a turnaround from a net loss of Rs 0.17 Cr in Q1 FY26.
Quarterly EPS rose to Rs 10.23 compared to negative Rs 0.19 in Q1 FY26.
Auditor Karwa Malani Kalantri and Associates provided an unmodified review opinion.

💡 Monitor upcoming quarterly results to verify whether this strong revenue recognition and profitability pace is sustained or driven by one-off project completion milestones.

Q1 Net Profit Surges to Rs 9.21 Cr vs Loss YoY; EPS Jumps to Rs 10.23

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 06:15 PM

Thakkers Developers reported a sharp turnaround in its unaudited standalone financial results for the quarter ended June 30, 2026. Net profit for the quarter came in at Rs 921.10 lakhs (Rs 9.21 cr), compared to a net loss of Rs 17.28 lakhs in the corresponding quarter of the previous year (June 30, 2025) and a loss of Rs 114.94 lakhs in the preceding quarter. Basic and diluted EPS stood at Rs 10.23 for the quarter against Rs (0.19) in Q1 FY26. Total income from operations and other income drove the bottom-line expansion.

Standalone Net Profit for Q1 ended June 30, 2026 reached Rs 921.10 lakhs compared to a loss of Rs 17.28 lakhs in Q1 FY26
Basic EPS rose sharply to Rs 10.23 per share versus Rs (0.19) YoY
Profit before tax stood at Rs 921.10 lakhs versus a loss before tax of Rs 17.11 lakhs YoY
Estate Dealing & Development segment generated revenue of Rs 221.79 lakhs, while Construction & Contract activity contributed Rs 105.65 lakhs

💡 Track whether the high profitability is sustained in coming quarters or driven by lumpy real estate revenue recognition, and monitor cash flow generation against project execution milestones.

14 August Board Meeting to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 06 Aug 2026, 01:11 PM

Thakkers Developers Ltd has scheduled a board meeting on August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is coming off a challenging March 2026 quarter where it reported a net loss of Rs 2.1 crore on revenue of Rs 4.78 crore. The trading window for insiders has been closed since July 1, 2026, in compliance with SEBI regulations. Investors will be monitoring for a potential recovery in margins and revenue compared to the previous quarter.

Board meeting scheduled for August 14, 2026, to approve Q1 results
Financial results pertain to the quarter ended June 30, 2026
Trading window for insiders closed from July 1, 2026, until 48 hours post-results

💡 Monitor the financial results on August 14 to evaluate if the company has returned to profitability after the Rs 2.1 crore loss in the March 2026 quarter.

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