Mumbai, Oct. 28 -- Total income dropped 58.94% year on year (YoY) to Rs 113.23 crore in the quarter ended 30 September 2025.

Total expenses fell 25.60% YoY to Rs 201.39 crore in Q2 FY26. The cost of land, construction, and other related real estate development costs stood at Rs 43.29 crore (down 70.64% YoY), and employee benefits expense was at Rs 59.67 crore (up 37.39% YoY) during the period under review.

During Q2 FY26, the firm recorded a pre-tax loss of Rs 91.83 crore as against a profit before tax of Rs 5.13 crore in Q2 FY25.

On the segmental front, revenue from real estate income stood at Rs 83.14 crore (down 66.59% YoY), while revenue from others stood at Rs 13.79 crore (down 6.73% YoY) during the period under review.

Aditya Bi...