Peninsula Land Limited (PENINLAND)
₹14.57 -0.27% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Peninsula Land's revenue was ₹23.4 Cr (-37.6% year on year, -42.9% on the previous quarter), and net profit ₹-7.7 Cr (a bigger loss than a year earlier); the operating margin was -8.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹23.4 | -37.6% | -42.9% |
| Operating profit | ₹-2.0 | to loss | loss narrowed |
| Net profit | ₹-7.7 | loss widened | loss narrowed |
| EPS (₹) | -0.23 | loss widened | loss narrowed |
| Operating margin | -8.5% | — | — |
PENINLAND delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 85.33% of the PENINLAND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 70.33%. That is higher than usual for this stock. Turnover was only ₹16 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 54.4% · 57.8% · 71.7% · 69.6% · 85.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Peninsula Land Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Transfer Agent Purva Sharegistry (India) Private Limited confirms that share certificates received for dematerialisation were processed and confirmed within prescribed timelines. This is a regular quarterly statutory filing with no impact on the company's financials, operations, or earnings.
- Compliance certificate submitted for the quarter ended September 30, 2026
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Confirmation provided by Registrar and Transfer Agent Purva Sharegistry (India) Pvt. Ltd. dated October 1, 2026
- Filing submitted to BSE and NSE on October 05, 2026
Peninsula Land Limited announced the voting results and Scrutinizer's Report for its 154th Annual General Meeting held on August 27, 2026. All proposed ordinary and special resolutions were approved by shareholders. Key resolutions included the redesignation of Mr. Nandan A. Piramal to Joint Managing Director (approved with 99.9981% votes in favour) and approval of material related-party transactions with Mr. Jaydev Mukund Mody/entities (approved with 94.9419% votes in favour of polled votes).
- All resolutions passed at the 154th AGM held on August 27, 2026 via video conferencing.
- Redesignation of Mr. Nandan A. Piramal as Joint Managing Director approved with 99.9981% votes in favour.
- Material related-party transaction with Mr. Jaydev Mukund Mody/entities approved with 94.9419% in favour, despite 100% institutional e-votes (42,630 shares) casting against.
- Total voting capital stood at 331,728,220 equity shares with a cut-off date of August 20, 2026.
Peninsula Land Limited conducted its 154th Annual General Meeting on August 27, 2026, with 71 members attending via video conferencing. Key agenda items placed for shareholder voting included the adoption of FY26 financial statements, the re-designation and remuneration approval of Mr. Nandan A. Piramal as Joint Managing Director, and a material related-party transaction with Mr. Jaydev Mukund Mody or related entities. Remote e-voting concluded on August 26, 2026, and final scrutinizer results will be disclosed separately.
- 154th AGM held on August 27, 2026 via Video Conferencing with 71 members in attendance
- Shareholders voted on 6 resolutions, including FY26 financial results adoption and director re-appointments
- Sought approval for the re-designation and remuneration structure of Mr. Nandan A. Piramal as Joint Managing Director
- Material Related Party Transaction placed for approval regarding Mr. Jaydev Mukund Mody and related entities
Peninsula Land Limited reported a consolidated net loss of ₹7.72 Cr for the quarter ended June 30, 2026, widening from a ₹5.03 Cr loss in the same period last year. Consolidated revenue from operations fell 44.2% YoY to ₹24.27 Cr, down from ₹43.49 Cr. The company continues to be burdened by high finance costs of ₹7.46 Cr, which accounted for nearly 31% of the quarterly revenue. A small exceptional gain of ₹2.50 Cr from loan reversals provided a minor cushion to the bottom line.
- Consolidated revenue from operations declined 44.2% YoY to ₹24.27 Cr from ₹43.49 Cr.
- Consolidated net loss widened to ₹7.72 Cr compared to a loss of ₹5.03 Cr in Q1 FY26.
- Finance costs remained elevated at ₹7.46 Cr, consuming 30.7% of the total quarterly revenue.
- Exceptional items included a reversal of loan impairment amounting to ₹2.50 Cr at the consolidated level.
- Standalone revenue stood at ₹22.70 Cr, a 38.4% decrease from ₹36.84 Cr in the year-ago quarter.
Peninsula Land Limited has scheduled its 154th Annual General Meeting (AGM) for August 27, 2026, to be conducted via video conferencing. The company is dispatching physical letters to shareholders without registered email addresses, providing the web link to the FY 2025-26 Annual Report. This follows a difficult financial year where the company reported a net loss of ‹154.01 crore against a revenue of ‹143.76 crore. The filing also serves as a reminder for shareholders to update KYC details and dematerialize physical securities as per SEBI mandates.
- 154th Annual General Meeting scheduled for August 27, 2026, at 3:00 PM IST
- Annual Report released for the Financial Year 2025-26
- Cut-off date for identifying shareholders for this communication was July 31, 2026
- Company reported a significant net loss of ‹154.01 crore for FY26
- Debt-to-equity ratio remains high at 6.84 as per latest financial context
Peninsula Land Limited has scheduled its 154th Annual General Meeting (AGM) for August 27, 2026. The company is navigating a transitional phase, reporting a standalone revenue of ₹293 Cr for FY 2025-26, a decline from ₹429 Cr in the previous year. Despite a challenging financial position with a TTM net loss of ₹154 Cr and a high debt-to-equity ratio of 6.84, management is pivoting toward a 'Real Estate Platform' JV model. Currently, the company has 2.58 million sq. ft. under development across key markets like Mumbai and Pune.
- 154th Annual General Meeting scheduled for August 27, 2026, via video conferencing.
- Standalone revenue for FY 2025-26 stood at ₹293 Cr, down 31.7% from ₹429 Cr in FY 2024-25.
- Total projects under development currently reach 2.58 million sq. ft. out of a total 11.94 million sq. ft. track record.
- Debt-to-equity ratio remains extremely high at 6.84, with total debt of ₹301 Cr against a net worth of ₹44 Cr.
- Remote e-voting period is set from August 23 to August 26, 2026, for all eligible shareholders as of the August 20 cut-off.
Peninsula Land Limited has announced its 154th Annual General Meeting (AGM) to be held on August 27, 2026, via video conferencing. This follows a challenging FY26 where the company reported a net loss of ₹154.01 crore against a revenue of ₹143.76 crore. Shareholders as of the August 20, 2026 cut-off date will be eligible to participate in remote e-voting. The meeting will likely address the company's high debt-to-equity ratio of 6.84 and its strategy for recovery.
- 154th Annual General Meeting scheduled for August 27, 2026, at 03:00 P.M.
- Cut-off date for determining e-voting eligibility is August 20, 2026.
- Remote e-voting facility will be open from August 23 to August 26, 2026.
- Company reported a significant net loss of ₹154.01 crore for the full year FY26.
- Debt remains high at ₹301 crore against a net worth of only ₹44 crore.
Peninsula Land Limited has approved a material Related Party Transaction (RPT) with Mr. Jaydev Mukund Mody (JMM) for the end-to-end development and management of a residential project. The project will be situated on land owned by JMM, with the company providing development expertise. This move follows a difficult financial period where the company reported a TTM loss of ₹154 Cr and carries a high debt of ₹301 Cr against a thin net worth of ₹44 Cr. Specific financial terms and project scale will be disclosed in the upcoming Annual General Meeting (AGM) notice.
- Board approved the development and management of a residential project on property owned by promoter-related entity JMM.
- The transaction is classified as a 'material' Related Party Transaction requiring shareholder approval at the next AGM.
- Company is operating with a high Debt-to-Equity ratio of 6.84 based on ₹301 Cr debt and ₹44 Cr net worth.
- TTM revenue stands at ₹144 Cr, making any new material project significant to the top line.
- The board meeting for this approval lasted 16 minutes on July 14, 2026.
Peninsula Land Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The filing confirms that the Registrar and Transfer Agent, Purva Sharegistry (I) Private Limited, has processed and listed all securities received for dematerialization. This is a standard administrative procedure and does not impact the company's financial position or operations. Investors should note the company remains under significant financial pressure with a TTM loss of ₹154 Cr and a high debt-to-equity ratio of 6.84.
- Confirmation certificate received for the quarter ended June 30, 2026
- Registrar Purva Sharegistry (I) Private Limited confirmed all demat requests were processed within prescribed timelines
- Company maintains a high debt-to-equity ratio of 6.84 as per latest financial context
- TTM revenue stands at ₹144 Cr against a net loss of ₹154 Cr
Peninsula Land Limited, through its Joint Venture (JV) platform Prairie Real Estate LLP, has launched 'Alibaug ONE', an 11-acre plotted development in Alibaug. The project features 92 exclusive plots with a base price of Rs 2.39 Cr each, implying a minimum total inventory value of approximately Rs 220 Cr. This launch is part of a strategic JV with Delta Corp and Alpha Alternatives aimed at scaling the portfolio via institutional funding. Given the company's TTM revenue of Rs 144 Cr, the successful monetization of this project is significant for its financial recovery.
- Launched 'Alibaug ONE' plotted development spanning 11 acres in Sogaon, Alibaug.
- Project consists of 92 exclusive plots with base configurations of 2,454 sq ft.
- Entry price point set at Rs 2.39 Cr per plot, targeting the luxury co-primary living segment.
- Project is executed under a JV agreement with Delta Corp and Alpha Alternatives signed on June 24, 2024.
- Estimated minimum inventory value of ~Rs 220 Cr represents approximately 153% of TTM revenue.
CARE Ratings has reaffirmed the 'CARE BB+; Stable' rating for Peninsula Land's long-term bank facilities and subsequently withdrawn it at the company's request. The rating rationale highlights significant financial stress, including a net loss of ₹153.7 crore in FY26 and a sharp increase in overall gearing to 6.80x. The company faces high tenant concentration risk, with 100% of its leasable area occupied by two government tenants whose agreements expire in August 2026. While the company redeemed ₹150 crore in debentures in December 2025, it remains burdened by high debt and ongoing legal hurdles in its joint ventures.
- Reported a significant net loss of ₹153.7 crore in FY26, compared to a loss of ₹25.27 crore in FY25.
- Overall gearing deteriorated to 6.80x as of March 31, 2026, from 2.19x as of March 31, 2025.
- Redeemed ₹150 crore of optionally convertible debentures in full in December 2025 using internal accruals and liquid funds.
- 100% of the 1.30 lakh sq. ft. leasable area is occupied by only two government tenants, with leases expiring in August 2026.
- Fully provided for ₹102 crore exposure in Peninsula Holdings and Investments Private Limited due to insolvency proceedings in a JV.
Peninsula Land Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 01, 2026. This routine regulatory measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of financial results. The closure pertains to the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The trading window will remain closed until 48 hours after the results are disseminated to the stock exchanges.
- Trading window closure effective from July 01, 2026
- Closure relates to the review of financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the official announcement of results
- Applies to all Designated Persons and their immediate relatives as per SEBI norms
Peninsula Land Limited has announced key leadership updates following its board meeting on May 29, 2026. Mr. Pawan Swamy has been re-appointed as an Independent Director for a second five-year term starting November 11, 2026. Simultaneously, Mr. Nandan A. Piramal has been elevated from Whole-time Director to Joint Managing Director. The company also confirmed that its statutory auditors issued an unmodified opinion on the audited financial results for the fiscal year ended March 31, 2026.
- Mr. Pawan Swamy re-appointed as Independent Director for a 5-year term starting Nov 11, 2026.
- Mr. Nandan A. Piramal re-designated as Joint Managing Director effective May 29, 2026.
- Statutory auditors S R B C & Co. LLP issued an unmodified opinion on FY26 financial results.
- M/s. Aneja Assurance Private Limited appointed as Internal Auditor for the financial year 2026-2027.
Peninsula Land Limited has announced a key leadership change, re-designating Mr. Nandan A. Piramal as Joint Managing Director effective May 29, 2026. The Board also approved the audited financial results for the fiscal year ended March 31, 2026, with statutory auditors issuing an unmodified opinion despite a reported net loss. Additionally, the company re-appointed Mr. Pawan Swamy as an Independent Director for a second five-year term and appointed M/s. Aneja Assurance Private Limited as the Internal Auditor for FY 2026-27. These moves indicate a focus on management continuity and strengthened internal governance.
- Mr. Nandan A. Piramal re-designated from Whole-time Director to Joint Managing Director.
- Statutory auditors S R B C & Co. LLP issued an unmodified opinion on FY26 financial results.
- Mr. Pawan Swamy re-appointed as Independent Director for a 5-year term starting November 11, 2026.
- M/s. Aneja Assurance Private Limited appointed as Internal Auditor for the 2026-2027 financial year.
- The Board meeting concluded with the approval of both standalone and consolidated audited results for FY26.
Peninsula Land Limited has announced its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified opinion from its statutory auditors. The company has appointed M/s. Aneja Assurance Private Limited as the Internal Auditor for FY 2026-27 to enhance its governance framework. Additionally, the board approved the re-designation of Mr. Nandan A Piramal as Joint Managing Director and the re-appointment of Independent Director Mr. Pawan Swamy. These administrative and leadership updates aim to ensure management stability and robust internal controls.
- Audited standalone and consolidated financial results for FY26 approved with an unmodified audit opinion.
- M/s. Aneja Assurance Private Limited appointed as Internal Auditor for the financial year 2026-2027.
- Mr. Nandan A Piramal re-designated from Whole-time Director to Joint Managing Director effective May 29, 2026.
- Mr. Pawan Swamy re-appointed as Independent Director for a second five-year term starting November 11, 2026.
Financial Performance
Revenue Growth by Segment
Total revenue declined by 50.38% YoY from INR 528 Cr in FY24 to INR 262 Cr in FY25. The Real Estate (RE) segment saw a significant decline in scale due to lower sales and delays in receiving Occupation Certificates (OC), which continued into H1FY26.
Geographic Revenue Split
Not disclosed in available documents; however, the company is headquartered in Mumbai and operates the Peninsula Business Park in Lower Parel.
Profitability Margins
The company shifted from a Net Profit of INR 94 Cr in FY24 to a Net Loss of INR 25 Cr in FY25. Net losses continued in H1FY26 at INR 23.98 Cr due to higher operating expenses and legal costs.
EBITDA Margin
EBIDTA fell 75% from INR 140 Cr in FY24 to INR 35 Cr in FY25. The PBILDT margin declined from 22% in FY24 to 8.48% in FY25 due to delayed revenue recognition from real estate inventory.
Capital Expenditure
The company raised INR 150 Cr through optionally convertible debentures (OCDs) in Q1 FY25 to fund upcoming real estate projects and joint ventures.
Credit Rating & Borrowing
Long-term bank facilities of INR 300 Cr were downgraded to CARE BB+; Stable from CARE BBB-; Stable in November 2025. Interest costs were revised downward by ~110 bps in April 2025, but interest coverage fell to 0.56x in H1FY26.
Operational Drivers
Raw Materials
Construction materials (steel, cement) and labor; specific percentage of total cost for each is not disclosed.
Capacity Expansion
The company is expanding through a Real Estate Platform JV with strategic partners; market transaction volumes in the office sector reached 10.4 million square feet, a 40% increase YoY.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but identified as a key factor that could impact operations and margins.
Manufacturing Efficiency
Revenue is recognized via the Completed Contract Method (CCM); efficiency is tied to the timely receipt of Occupation Certificates (OC).
Strategic Growth
Growth Strategy
Growth is targeted through a Real Estate Platform set up in joint venture with strategic partners, utilizing private equity, debt involvement, and institutional funding to add new projects to the portfolio over the next 2-3 years.
Products & Services
Residential real estate projects, commercial real estate projects, and leased office spaces.
Brand Portfolio
Peninsula Land, Peninsula Business Park.
New Products/Services
New real estate projects via JV platforms; expected revenue contribution not specifically quantified.
Market Expansion
Focusing on the Indian real estate sector with an emphasis on office space expansion and hybrid working trends.
Strategic Alliances
Joint Venture (JV) agreement with two partners for RE projects supported by INR 150 Cr in OCDs.
External Factors
Industry Trends
Positive demand momentum in office space with a 40% increase in transaction volumes; shift toward next-gen logistics and hybrid working models.
Competitive Landscape
Large institutional players are increasing supply via JVs, REITs, and brownfield investments.
Competitive Moat
Moat includes a 50-year track record of leasing to government tenants and the strategic location of Peninsula Business Park; sustainability is challenged by high debt gearing of 2.51x.
Macro Economic Sensitivity
Highly sensitive to economic development in India, government regulations, and tax regimes.
Consumer Behavior
Occupier appetite for physical office space remains strong despite hybrid working trends.
Regulatory & Governance
Industry Regulations
Operations are heavily dependent on RERA-related approvals and the receipt of Occupation Certificates (OC) from local authorities.
Taxation Policy Impact
Subject to changes in government tax regimes as noted in cautionary statements.
Legal Contingencies
Ongoing legal cases have resulted in significant legal expenses and impairments, contributing to the H1FY26 net loss of INR 23.98 Cr.
Risk Analysis
Key Uncertainties
Redemption of INR 150 Cr OCDs due in December 2025 is highly likely as the share price is below the exercise price, which may exhaust the INR 30 Cr liquidity buffer.
Geographic Concentration Risk
Primary assets and operations are concentrated in the Mumbai real estate market.
Third Party Dependencies
High dependency on two government tenants for 100% of lease rental income.
Technology Obsolescence Risk
Digital retail brand partnerships are accelerating, requiring traditional real estate to adapt to tech-driven leasing drivers.
Credit & Counterparty Risk
Counterparty risk is mitigated by the 'government company' status of major tenants, though they have shown an increase in the intensity of rental payment delays.
