Country Condo's Limited (COUNCODOS)
₹6.47 +0.78% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Country Condo's' revenue was ₹4.1 Cr (+16.0% year on year, +11.5% on the previous quarter), and net profit ₹0.2 Cr (+12.9% year on year); the operating margin was 5.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹4.1 | +16.0% | +11.5% |
| Operating profit | ₹0.2 | +6.4% | -31.1% |
| Net profit | ₹0.2 | +12.9% | -12.2% |
| EPS (₹) | 0.02 | +0.0% | +0.0% |
| Operating margin | 5.7% | — | — |
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📢 Recent Corporate Announcements
Country Condo's Limited concluded its 39th Annual General Meeting on September 28, 2026, where shareholders passed all four tabled resolutions with nearly 100% majority. The resolutions included the adoption of FY26 financial statements, the re-appointment of retiring director Sri Y. Siddharth Reddy, and the appointment of Smt. Poojitha Baheti as an Independent Director for a 5-year term through September 2031. Additionally, Sri Datla Krishna Kumar Raju was re-appointed as Vice-Chairman & CEO. A total of 4,19,89,098 valid votes were cast across 217 members.
- All 4 resolutions passed with ~100.00% votes cast in favor
- Total of 4,19,89,098 valid votes cast across remote e-voting and AGM e-voting
- 217 members participated in voting (159 via remote e-voting and 58 at the AGM)
- Appointment of Independent Director Smt. Poojitha Baheti approved for a 5-year term ending September 03, 2031
- Re-appointment of Sri Datla Krishna Kumar Raju as Vice-Chairman & CEO approved
Country Condo's Limited concluded its 39th Annual General Meeting on September 28, 2026, where shareholders passed all four tabled resolutions with nearly 100% majority. The resolutions included the adoption of FY26 financial statements, the re-appointment of retiring director Sri Y. Siddharth Reddy, and the appointment of Smt. Poojitha Baheti as an Independent Director for a 5-year term through September 2031. Additionally, Sri Datla Krishna Kumar Raju was re-appointed as Vice-Chairman & CEO. A total of 4,19,89,098 valid votes were cast across 217 members.
- All 4 resolutions passed with ~100.00% votes cast in favor
- Total of 4,19,89,098 valid votes cast across remote e-voting and AGM e-voting
- 217 members participated in voting (159 via remote e-voting and 58 at the AGM)
- Appointment of Independent Director Smt. Poojitha Baheti approved for a 5-year term ending September 03, 2031
- Re-appointment of Sri Datla Krishna Kumar Raju as Vice-Chairman & CEO approved
Country Condo's Limited has issued the notice for its 39th Annual General Meeting (AGM) scheduled for September 28, 2026, via video conferencing. The cut-off date to determine shareholder eligibility for remote e-voting is September 21, 2026, with the e-voting window open from September 25 to September 27, 2026. Key agenda items include the adoption of FY26 financial statements, the reappointment of director Sri Y. Siddharth Reddy, and the regularisation of Smt. Poojitha Baheti as an Independent Director.
- 39th Annual General Meeting to be held on September 28, 2026, at 02:00 PM IST via VC/OAVM
- Cut-off date for e-voting eligibility set as Monday, September 21, 2026
- Remote e-voting window active from September 25, 2026 (09:00 AM) to September 27, 2026 (05:00 PM)
- Proposed appointment of Smt. Poojitha Baheti as Independent Director following her induction as Additional Director on September 04, 2026
Country Condo's Limited has scheduled its 39th Annual General Meeting (AGM) for September 28, 2026, via Video Conferencing. The Board approved the re-appointment of Sri Datla Krishna Kumar Raju as Vice-Chairman & CEO for a 3-year term from February 13, 2027, to February 12, 2030. Additionally, Smt. Poojitha Baheti has been appointed as an Additional Independent Director effective September 4, 2026, for a 5-year term subject to shareholder approval. The Board also approved the Directors' Report for FY26.
- 39th Annual General Meeting convened for September 28, 2026, via VC/OAVM
- Proposed re-appointment of Sri Datla Krishna Kumar Raju as Vice-Chairman & CEO for 3 years (Feb 13, 2027 to Feb 12, 2030)
- Appointed Smt. Poojitha Baheti as Additional Independent Director w.e.f. September 4, 2026, for up to 5 years
- Approved and adopted Board of Directors Report for FY ended March 31, 2026
Country Condo's Limited reported a 15.8% YoY increase in revenue to ₹4.10 Cr for Q1 FY27, compared to ₹3.54 Cr in Q1 FY26. Net profit grew 14.5% YoY to ₹0.158 Cr, while EPS remained flat at ₹0.02. A significant development is the procurement of 3.14 hectares of land in Ratnagiri, Maharashtra, for a new 'Holiday Home' concept project. The company is currently awaiting government permissions to begin development on this site, which will operate on a 50:50 leasing model with purchasers.
- Revenue from operations grew to ₹4.10 Cr in Q1 FY27 from ₹3.54 Cr in Q1 FY26.
- Net profit increased to ₹0.158 Cr for the quarter, up from ₹0.138 Cr in the same period last year.
- Procured 3.14 hectares of land in Ratnagiri, Maharashtra, for a new holiday home layout project.
- Land development expenditure for the quarter was ₹1.42 Cr, representing 34.6% of total revenue.
- Employee benefit expenses decreased to ₹1.07 Cr from ₹1.26 Cr YoY.
Country Condo's Limited reported a 15.8% YoY increase in revenue to ₹4.10 Cr for the quarter ended June 30, 2026. Net profit grew 14.3% YoY to ₹0.16 Cr, maintaining a stable EPS of ₹0.02. Alongside results, the company announced a new 3.14-hectare holiday home project in Ratnagiri, Maharashtra, marking a geographic expansion beyond its core Telangana market. The project will operate on a 50:50 revenue-sharing model for leasing, though it currently awaits government permissions.
- Revenue from operations grew 15.8% YoY to ₹4.10 Cr from ₹3.54 Cr in June 2025.
- Net profit after tax increased to ₹15.81 lakhs from ₹13.82 lakhs in the corresponding previous year quarter.
- Announced a new 3.14-hectare (approx. 7.76 acres) land project in Ratnagiri, Maharashtra for holiday homes.
- Land development expenditure for the quarter stood at ₹1.42 Cr, accounting for 34.6% of total revenue.
- The new project involves a 50:50 lease-sharing ratio between the company and purchasers.
Country Condo's Limited reported a 15.8% YoY revenue growth to ₹4.10 Cr for Q1 FY27. Net profit increased by 14.3% to ₹0.16 Cr, maintaining a stable but low margin profile. The company announced a strategic expansion into Ratnagiri, Maharashtra, with a 3.14-hectare holiday home project. This project will utilize a 50:50 leasing model with purchasers, though it is currently awaiting final government permissions.
- Revenue from operations grew 15.8% YoY to ₹4.10 Cr from ₹3.54 Cr.
- Net profit for the quarter ended June 2026 stood at ₹0.16 Cr (₹15.81 lakhs).
- Procured 3.14 hectares of land in Ratnagiri, Maharashtra for a new holiday home project.
- Land development expenditure for the quarter was ₹1.42 Cr, representing 34.6% of total income.
- Earnings Per Share (EPS) remained flat at ₹0.02 for the quarter.
Country Condo's Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Aarthi Consultants Private Limited, confirms that all dematerialization requests received between April 1, 2026, and June 30, 2026, were processed within the mandated 15-day window. The registrar verified that physical certificates were mutilated and cancelled, and depository records were updated. This is a routine administrative filing required for all listed companies to ensure the integrity of electronic shareholding.
- Compliance period covered from 01/04/2026 to 30/06/2026
- All dematerialization actions completed within 15 days of receipt
- Registrar confirmed mutilation and cancellation of physical security certificates
- Depository names substituted as registered owners in company records
Country Condo's Limited has approved a proposal to raise up to ₹30 crore through a preferential issue of equity shares to non-promoters. This fundraise is highly significant for the company, representing approximately 176% of its TTM revenue of ₹17 crore and 115% of its current net worth of ₹26 crore. The board has authorized the Vice-Chairman and CEO to lead the issue and appoint necessary intermediaries. This capital infusion is likely intended to scale its real estate and land development operations in the Telangana region.
- Proposed preferential issue of equity shares not exceeding ₹30,00,00,000 (₹30 Cr)
- Fundraise amount represents ~176% of the company's TTM revenue of ₹17 Cr
- Proposed capital is ~115% of the company's current Net Worth of ₹26 Cr
- Issue is specifically designated for Non-Promoter investors
- Board meeting concluded within 1 hour and 55 minutes to authorize the process
Country Condo's Limited has informed the exchanges that its trading window for dealing in company shares will be closed starting July 01, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons, including promoters and directors, and will reopen 48 hours after the results are made public. This is a routine administrative filing and does not reflect any change in the company's business fundamentals.
- Trading window closure effective from July 01, 2026
- Closure pertains to the financial results for the quarter ending June 30, 2026
- Window to reopen 48 hours after the official declaration of financial results
- Restriction applies to Promoters, Directors, KMPs, and their relatives
- Compliance maintained under SEBI (Prohibition of Insider Trading) Regulations, 2015
Country Condo's Limited reported a strong performance for the quarter ended March 31, 2026, with net profit doubling to ₹17.92 lakhs compared to ₹8.87 lakhs in the same quarter last year. Total income for Q4 grew by 40% YoY to ₹367.69 lakhs. On a full-year basis, however, the company maintained a flat net profit of ₹59.41 lakhs despite a 4% increase in annual revenue. Additionally, the company underwent a management change with Sunkara Vijaya Kumar taking over as CFO.
- Q4 FY26 Net Profit increased by 102% YoY to ₹17.92 lakhs from ₹8.87 lakhs.
- Quarterly Total Income rose 40% YoY to ₹367.69 lakhs compared to ₹262.40 lakhs in Q4 FY25.
- Full-year FY26 Net Profit remained stagnant at ₹59.41 lakhs versus ₹59.75 lakhs in FY25.
- Appointment of Mr. Sunkara Vijaya Kumar as the new Chief Financial Officer effective May 30, 2026.
- Cash and Cash Equivalents improved significantly to ₹79.29 lakhs from ₹37.24 lakhs at the end of the previous year.
Country Condo's Limited reported a marginal 4.6% increase in annual revenue to ₹1,748.35 lakhs for the financial year ended March 31, 2026. Despite the revenue growth, net profit remained nearly stagnant at ₹59.41 lakhs compared to ₹59.75 lakhs in the previous year. The company saw a significant rise in inventory levels to ₹4,294.40 lakhs, up from ₹3,375.90 lakhs, indicating increased real estate development activity. Additionally, the board approved the appointment of Mr. Sunkara Vijaya Kumar as the new CFO following the resignation of Mr. Upputuri Gandhi.
- Annual revenue from operations increased to ₹1,748.35 lakhs in FY26 from ₹1,670.69 lakhs in FY25.
- Q4 FY26 net profit doubled to ₹17.92 lakhs compared to ₹8.87 lakhs in Q4 FY25.
- Full-year Earnings Per Share (EPS) remained unchanged at ₹0.08.
- Inventory levels grew by approximately 27% YoY to ₹4,294.40 lakhs.
- Management transition announced with Sunkara Vijaya Kumar taking over as CFO effective May 30, 2026.
Country Condo's Limited has submitted a formal declaration under SEBI (SAST) Regulations for the financial year ending March 31, 2026. The promoter group, led by Y. Rajeev Reddy, confirmed that no encumbrances or pledges were created or invoked on their shareholding during the period. This disclosure provides transparency regarding the financial health of the promoters and ensures that their equity stake is not at risk from lenders. The lead promoter maintains a significant majority stake of 51.17%.
- Promoters confirmed zero encumbrance on equity shares for the financial year ended March 31, 2026.
- Y. Rajeev Reddy holds the largest promoter stake of 3,97,06,635 shares, representing 51.17% of the company.
- The declaration was made on behalf of the entire promoter group and Persons Acting in Concert (PAC).
- Total promoter group entities listed include five individuals, with Y. Siddharth Reddy and Y. Varun Reddy holding 1.27% and 1.40% respectively.
Country Condo's Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Aarthi Consultants Private Limited, confirms that all share certificates received for dematerialization between January 1, 2026, and March 31, 2026, were processed within the mandatory 15-day period. This process includes the cancellation of physical certificates and updating the depository as the registered owner. This is a routine procedural filing required for all listed companies to ensure the integrity of electronic shareholding records.
- Compliance confirmed for the quarter ending March 31, 2026.
- Dematerialization requests processed within the regulatory 15-day timeframe.
- Physical share certificates were mutilated and cancelled as per SEBI guidelines.
- Registrar Aarthi Consultants Private Limited confirmed the substitution of the depository as the registered owner.
Country Condo's Limited has officially notified the exchanges regarding the closure of its trading window starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter and year ending March 31, 2026. The window will remain closed for all designated persons, including promoters and directors, to prevent any insider trading. The trading window will reopen 48 hours after the financial results are declared to the public.
- Trading window closure begins on April 1, 2026, for the Q4 FY2026 results.
- The closure applies to all Promoters, Directors, Key Managerial Personnel (KMPs), and their relatives.
- Trading window will reopen 48 hours after the official declaration of financial results.
- The notification follows standard SEBI regulatory requirements for listed entities.
Financial Performance
Revenue Growth by Segment
Total income for H1 FY26 grew by 1.48% YoY to INR 9.39 Cr, primarily driven by the real estate segment which contributes 100% of revenue.
Geographic Revenue Split
100% of revenue is generated from operations in India, specifically focused on the Telangana region (Hyderabad).
Profitability Margins
Net Profit Margin for H1 FY26 was 3.67%, a slight decline from 3.84% in H1 FY25. Net profit decreased by 3.04% YoY to INR 0.34 Cr.
EBITDA Margin
EBITDA Margin for H1 FY26 was 5.84% (INR 0.55 Cr), down from 6.64% (INR 0.61 Cr) in H1 FY25, reflecting a 10.76% decline in core operational profitability.
Capital Expenditure
Capital expenditure for H1 FY26 was INR 0.013 Cr (INR 1.30 Lakhs) for the purchase of Property, Plant and Equipment.
Credit Rating & Borrowing
Credit rating is not applicable as the company has no listed debt instruments. Borrowing costs were minimal with finance costs of INR 0.0013 Cr (INR 0.13 Lakhs) in H1 FY26, a 97.6% reduction from H1 FY25.
Operational Drivers
Raw Materials
Land Development Expenditure is the primary operational cost, representing 69.54% of total income (INR 6.53 Cr).
Import Sources
Raw materials and land development services are sourced domestically within India, primarily from the state of Telangana.
Capacity Expansion
Current capacity is focused on real estate development projects; specific expansion metrics in units or MT are not disclosed.
Raw Material Costs
Land development costs were INR 6.53 Cr in H1 FY26, representing 69.54% of revenue. These costs decreased by 10.1% YoY from INR 7.26 Cr in H1 FY25.
Manufacturing Efficiency
Not applicable as the company is in the real estate development sector; efficiency is measured by project absorption and cost management.
Strategic Growth
Growth Strategy
The company focuses on real estate development and land development projects in the Telangana region, leveraging existing land banks and managing land development expenditures (INR 6.53 Cr in H1 FY26) to maintain margins.
Products & Services
Residential plots, developed land, and real estate condos.
Brand Portfolio
Country Condo's
Market Expansion
Market expansion is focused on deepening presence in the Hyderabad and Telangana real estate markets.
External Factors
Industry Trends
The real estate sector in India, particularly in regional hubs like Hyderabad, is seeing steady demand for developed plots, though the company's revenue growth was modest at 1.48% YoY in H1 FY26.
Competitive Landscape
Competes with regional real estate developers in the Hyderabad residential and commercial plot market.
Competitive Moat
Moat is based on regional brand recognition in the Telangana real estate market and a governance structure with separate Chairman and CEO roles, though sustainability is challenged by low revenue growth.
Macro Economic Sensitivity
Highly sensitive to regional GDP growth in Telangana and interest rate cycles affecting real estate demand.
Consumer Behavior
Shift towards organized real estate development and demand for residential plots in suburban Hyderabad.
Geopolitical Risks
Low impact due to 100% domestic operations and sourcing.
Regulatory & Governance
Industry Regulations
Compliant with SEBI (LODR) Regulations 17 to 27 and real estate development standards; no audit qualifications for FY 2024-25.
Taxation Policy Impact
Effective tax rate for H1 FY26 was 28.3% based on a current tax expense of INR 0.13 Cr on profit before tax of INR 0.47 Cr.
Legal Contingencies
No directors have been debarred or disqualified by SEBI or the Ministry of Corporate Affairs; specific litigation values for pending cases are not disclosed.
Risk Analysis
Key Uncertainties
Volatility in land development costs and project absorption rates in the Hyderabad real estate market.
Geographic Concentration Risk
100% revenue concentration in the Telangana region, making the company vulnerable to local economic shifts.
Third Party Dependencies
Dependency on local land development contractors and regulatory approvals for real estate projects.
Technology Obsolescence Risk
Low risk; company has implemented a structured digital database for PIT compliance to modernize governance.