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COUNCODOS - Country Condo

📊 NSE: COUNCODOS 🏢 Construction 📅 Last Updated: 12/13/2025 21:12

📢 Recent Corporate Announcements

Country Condo's Q3 Profit Falls 54% YoY; Board Oks Merger with Amrutha Estate

🔵 WATCH ⭐ 8/10

M&A 📅 13 Feb 2026, 06:10 PM

Country Condo's Limited reported a 9.6% YoY decline in net sales to ₹442.89 lakhs for the quarter ended December 31, 2025. Net profit dropped sharply by 54% to ₹7.03 lakhs compared to ₹15.34 lakhs in the previous year. A significant strategic development is the board's in-principle approval for a merger with Amrutha Estate Pvt Ltd (AEPL). While current earnings are weak, the merger could be a major catalyst for the real estate firm pending valuation and due diligence.

Net Sales decreased to ₹442.89 lakhs in Q3 FY26 from ₹489.96 lakhs in Q3 FY25.
Net Profit plummeted 54% YoY to ₹7.03 lakhs from ₹15.34 lakhs.
EPS for the quarter stood at ₹0.01, down from ₹0.03 in the same period last year.
In-principle approval granted for merger with Amrutha Estate Pvt Ltd (AEPL) to initiate due diligence.
Nine-month net profit for FY26 stands at ₹41.49 lakhs compared to ₹50.88 lakhs in the previous year.

💡 The weak quarterly results are offset by the potential merger news; investors should wait for the valuation and swap ratio details before taking a position. Exercise caution as the company's standalone profitability remains very thin.

Country Condo's Q3 Profit Falls 54% YoY to ₹7.03 Lakhs; Board Oks Merger with Amrutha Estate

🔵 WATCH ⭐ 7/10

M&A 📅 13 Feb 2026, 06:01 PM

Country Condo's Limited reported a weak financial performance for Q3 FY26, with net profit declining 54% year-on-year to ₹7.03 lakhs. Total income also saw a contraction, falling to ₹442.97 lakhs from ₹493.47 lakhs in the same period last year. However, the Board has provided in-principle approval for a merger with Amrutha Estate Pvt Ltd (AEPL), which could significantly alter the company's asset base. The company is currently initiating due diligence and appointing valuers to finalize the merger scheme.

Net Profit after tax declined by 54.17% YoY to ₹7.03 lakhs from ₹15.34 lakhs.
Total Income for the quarter decreased to ₹442.97 lakhs compared to ₹493.47 lakhs in Q3 FY25.
Earnings Per Share (EPS) dropped to ₹0.01 from ₹0.03 in the corresponding previous year quarter.
In-principle approval granted for the merger of Amrutha Estate Pvt Ltd (AEPL) with the company.
Land development expenditure remained a major cost driver at ₹248.47 lakhs for the quarter.

💡 Investors should remain cautious due to the declining bottom line but should closely monitor the upcoming merger ratio and the valuation of Amrutha Estate Pvt Ltd.

Country Condo's Limited Complies with SEBI Dematerialization Regulations for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 04:30 PM

Country Condo's Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Aarthi Consultants Private Limited, confirms that all dematerialization requests received between October 1, 2025, and December 31, 2025, were processed within the stipulated 15-day period. The registrar verified that physical certificates were mutilated and cancelled, and the depository's name was updated in the records as the registered owner. This is a standard administrative filing ensuring the integrity of electronic shareholding.

Confirmed compliance with SEBI (Depositories and Participants) Regulations for the quarter ended December 31, 2025.
Dematerialization requests were processed and confirmed within 15 days of receipt.
Physical share certificates were mutilated and cancelled as per regulatory requirements.
The name of the depository has been substituted as the registered owner in the company's records.

💡 This is a routine regulatory disclosure regarding share processing and has no impact on the company's financial performance or stock valuation. No action is required from investors.

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💰 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.