Samor Reality Ltd (543376)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Samor Reality's revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr (a smaller loss than a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.1 | to loss | loss narrowed |
| Net profit | ₹-0.1 | loss narrowed | loss narrowed |
| EPS (₹) | -0.04 | loss narrowed | loss narrowed |
📢 Recent Corporate Announcements
Samor Reality Limited has fixed Thursday, October 15, 2026, as the record date for its stock split. Each existing equity share with a face value of Rs 10 will be subdivided into 5 equity shares with a face value of Rs 2 each. The corporate action follows shareholder approval obtained at the Annual General Meeting held on September 30, 2026. The split changes the total share count without altering the company's financial fundamentals, where TTM revenue stands at Rs 0 Cr with a net loss of Rs 7 Cr.
- Stock split ratio of 1:5 (1 share of Rs 10 face value into 5 shares of Rs 2 face value)
- Record date determined as Thursday, October 15, 2026
- Shareholder approval secured at the AGM on September 30, 2026
- Original board intimation regarding the sub-division was dated September 05, 2026
Samor Reality reported zero revenue from operations for the quarter ended June 30, 2026, continuing its trend of no top-line recognition as projects remain in the development phase. The net loss narrowed to ₹8.96 lakhs compared to a loss of ₹15.08 lakhs in the same quarter previous year. The company is aggressively building inventory, with ₹6.01 crore added to stock during the quarter. Total comprehensive loss stood at ₹31.10 lakhs, impacted by a ₹25.83 lakh fair value loss on equity instruments.
- Revenue from operations remained at ₹0.00 for the quarter, consistent with the previous four quarters.
- Net loss narrowed to ₹8.96 lakhs from ₹15.08 lakhs in Q1 FY26.
- Inventory (Change in Stock) increased by ₹6.01 crore, reflecting ongoing construction and development activity.
- Finance costs of ₹94.56 lakhs were 100% capitalized into project costs rather than expensed.
- Total comprehensive loss was ₹31.10 lakhs, including a ₹25.83 lakh fair value loss on FVOCI equity instruments.
Samor Reality reported zero revenue from operations for the quarter ended June 30, 2026, consistent with its performance over the last four quarters. The company recorded a net loss of ₹8.96 lakhs, which is a marginal improvement from the ₹15.08 lakhs loss reported in the same quarter last year. Total comprehensive loss widened to ₹31.10 lakhs due to a ₹25.83 lakh fair value loss on equity instruments. Notably, the company capitalized ₹94.56 lakhs in finance costs and ₹8.20 lakhs in employee costs directly into project development, indicating ongoing construction activity despite the lack of current sales recognition.
- Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026.
- Net loss for the quarter stood at ₹8.96 lakhs versus a loss of ₹15.08 lakhs in Q1 FY26.
- Inventory (Change in Stock) increased by ₹600.91 lakhs, reflecting active project development.
- Finance costs of ₹94.56 lakhs were 100% capitalized into the cost of land and development.
- Total Comprehensive Loss reached ₹31.10 lakhs, impacted by a ₹25.83 lakh loss on FVOCI equity instruments.
Samor Reality has scheduled a board meeting for August 14, 2026, to approve its financial results for the quarter ended June 30, 2026. The company is currently in a critical phase, having reported zero revenue for the entire FY26 and a net loss of Rs 6.82 crore. With a market capitalization of Rs 204 crore and debt of Rs 25 crore, the upcoming results are vital to determine if any project phases have reached revenue recognition thresholds. The trading window for insiders is closed until 48 hours after the results are declared.
- Board meeting scheduled for August 14, 2026, at 03:30 pm to approve Q1 FY27 results.
- Company reported Rs 0.0 Cr revenue for the last four consecutive quarters ending March 2026.
- Net loss for the full year FY26 stood at Rs 6.82 crore compared to a loss of Rs 0.63 crore in FY25.
- Promoter holding remains stable at 63.28% as of the June 2026 quarter.
- Current debt levels stand at Rs 25 crore against a net worth of Rs 63 crore (D/E of 0.40).
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment (Real Estate). Specific revenue growth percentages for the 2024-25 fiscal year are not disclosed in the available documents.
Geographic Revenue Split
100% of operations and revenue are centered in Ahmedabad, Gujarat, as indicated by the company's registered office and project focus.
Profitability Margins
Not disclosed in available documents. The company refers to operational results in the Director's report, which is not fully provided.
Capital Expenditure
The company notes that land acquisition and development rights require substantial capital outflow, but specific historical or planned INR Cr values are not provided.
Credit Rating & Borrowing
Not disclosed in available documents. The company mentions that high interest costs may impact regular business operations.
Operational Drivers
Raw Materials
Steel, cement, and imported finishing materials. These are identified as key commodities impacting construction costs.
Import Sources
Not disclosed in available documents, though the company explicitly states it imports various materials for project execution.
Key Suppliers
Not disclosed in available documents; however, the company engages established and reputed contractors for execution.
Capacity Expansion
The company launches projects in phases based on scale and market conditions. Current installed capacity in units or square footage is not disclosed.
Raw Material Costs
Not disclosed as a specific percentage of revenue. The company notes that rising commodity prices lead to increased construction costs, which are managed through meticulous planning.
Strategic Growth
Expected Growth Rate
13%
Growth Strategy
The company aims to achieve growth by building sufficient reserves from operating cash flows to take advantage of land acquisition opportunities. It employs a phase-wise launch strategy for projects to ensure steady cash flow and manages execution risks by hiring reputed contractors and conducting regular internal audits to ensure control adequacy.
Products & Services
Residential and commercial real estate units, including retail and hospitality developments.
Brand Portfolio
Samor Reality
External Factors
Industry Trends
The Indian real estate sector is expected to reach US$ 1 trillion by 2030. In 2024, the office sector saw a record 89 million sq. ft. of leasing, a 19% jump YoY, while flexible space operators grew by 48%.
Competitive Moat
The company's moat is built on brand reputation and project design, which are used to drive sales volumes and secure customer trust for advance bookings. This is sustainable as long as project execution remains timely and quality is maintained.
Macro Economic Sensitivity
The company is sensitive to India's GDP growth, with the real estate sector targeted to contribute 13% to the national GDP by 2025.
Consumer Behavior
Customers increasingly rely on brand trust and project design when entering into sale agreements well in advance of receiving possession.
Geopolitical Risks
Geopolitical factors affecting international shipping could delay the arrival of imported construction materials, impacting project completion dates.
Regulatory & Governance
Industry Regulations
The company operates in an 'over-regulated environment' requiring multiple project approvals and regulatory clearances, which can cause unanticipated delays.
Legal Contingencies
The company notes the absence of contingencies such as litigation as a factor for successful execution, but no specific pending case values are disclosed.
Risk Analysis
Key Uncertainties
Unanticipated delays in project approvals and the availability of a trained labor force are primary business uncertainties that could impact project delivery by an unspecified percentage.
Geographic Concentration Risk
100% of operations are concentrated in Ahmedabad, Gujarat, making the company highly sensitive to local economic and regulatory shifts.
Third Party Dependencies
High dependency on reputed contractors for project execution and international suppliers for imported materials.
