Lake Shore Realty Net Profit Up 10.8% YoY to ₹18.80 Lakh in Q1 FY27

Lake Shore Realty Limited (formerly known as Mahaan Foods Limited; BSE: 519216) has announced its standalone unaudited financial results for the first quarter of fiscal year 2026-27 (Q1 FY27). The company reported growth in its bottom-line earnings, supported by a reduction in operational overheads.

For the quarter ended June 30, 2026, the company posted a net profit of ₹18.80 lakh, marking a year-on-year increase of 10.8% from the ₹16.97 lakh recorded in the corresponding quarter of the previous fiscal year (Q1 FY26). Sequentially, the company staged a turnaround from a net loss of ₹5.60 lakh suffered in the preceding quarter ended March 31, 2026.

Core Revenue Structure Dominated by Other Income

The corporate revenue mix during the quarter was characterized by a reliance on non-operational inflows, while core real estate business operations remained quiet:

Total Revenue: Consolidated total income for Q1 FY27 came in at ₹36.00 lakh, higher by 6.4% compared to ₹33.82 lakh in Q1 FY26.

Revenue from Operations: Operational turnover stood at ₹0.00 lakh for the quarter under review, against ₹0.30 lakh in the year-ago quarter.

Other Income: Non-operational inflows rose to ₹36.00 lakh, up from ₹33.52 lakh in the corresponding quarter last year.

Expense Analysis and Margins

Lake Shore Realty managed to keep its operational baseline lean during the quarter, with total expenditure checking in at ₹10.89 lakh, down marginally from ₹10.96 lakh in Q1 FY26. A detailed analysis of costs includes:

Employee Benefits: Personnel costs decreased to ₹4.15 lakh, down from ₹5.16 lakh allocated in the matching quarter of the previous fiscal year.

Other Expenses: Operational overheads and administrative costs rose slightly to ₹6.74 lakh compared to ₹5.72 lakh in Q1 FY26. However, this represents a significant decrease from the ₹56.46 lakh incurred sequentially in Q4 FY26.

Finance Costs & Depreciation: Financial costs and depreciation metrics remained flat at ₹0.00 lakh for the quarter.

Profit before tax (PBT) grew by 9.8% to reach ₹25.11 lakh as against ₹22.86 lakh in Q1 FY26. Current tax provisions for the period were determined at ₹6.31 lakh.

Key EPS Tracking

Earnings Per Share (EPS): Backed by the rise in net profits, the basic and diluted Earning Per Share (non-annualized) for the quarter under review rose to ₹0.54 per share, up from ₹0.48 in Q1 FY26, and an improvement from the negative EPS of ₹(0.16) recorded in Q4 FY26.

Share Value Base: The calculation is based on the equity structure carrying a standard face value of ₹10 per equity share.

Shares of Lake Shore Realty Limited (formerly known as Mahaan Foods Limited; BSE: 519216) was last trading in BSE at Rs. 72.85 as compared to the previous close of Rs. 70.40. The total number of shares traded during the day was 1358 in over 48 trades.

The stock hit an intraday high of Rs. 74.50 and intraday low of 70.37. The net turnover during the day was Rs. 99058.00.

Source : Equity Bulls

Keywords

LakeShoreRealty INE734D01010 Q1FY27 Q1FY2027 ResultUpdate