Lake Shore Realty Limited returns to quarterly profit in September

Lake Shore Realty Limited reported a Rs 24.21 lakh profit for the quarter ended 30 September 2026, reversing a Rs 9.89 lakh loss a year earlier, as total revenue reached Rs 44.55 lakh from Rs 1.55 lakh. Of the latest quarterly revenue, Rs 38.82 lakh was other income.

What drove Lake Shore Realty’s September-quarter profit?

Lake Shore Realty’s Rs 24.21 lakh quarterly profit resulted from higher reported revenue and lower expenses than a year earlier. Profit before tax and exceptional items was Rs 32.34 lakh for the quarter ended 30 September 2026, compared with a Rs 17.31 lakh loss before tax and exceptional items in the quarter ended 30 September 2025.

Total revenue rose by Rs 43 lakh year on year to Rs 44.55 lakh, while total expenses fell by Rs 6.66 lakh to Rs 12.20 lakh. The latest quarter included a tax charge of Rs 8.13 lakh, whereas the September 2025 quarter showed a negative tax figure of Rs 5.74 lakh; neither quarterly column reported exceptional items.

The result also improved from the Rs 18.80 lakh profit reported for the quarter ended 30 June 2026. Total revenue increased from Rs 36 lakh in June to Rs 44.55 lakh in September, while pre-tax and pre-exceptional profit rose from Rs 25.11 lakh to Rs 32.34 lakh.

How much came from operations and other income?

Lake Shore Realty reported Rs 5.72 lakh of revenue from operations and Rs 38.82 lakh of other income in the September 2026 quarter. Other income therefore accounted for most of the Rs 44.55 lakh total revenue, while the filing shows a dash for operating revenue in both the June 2026 and September 2025 quarterly columns.

Other income increased from Rs 1.55 lakh in the September 2025 quarter and from Rs 36 lakh in the June 2026 quarter. The cash-flow statement records Rs 74.63 lakh of interest income for the six months ended 30 September 2026, but the profit-and-loss statement does not provide a separate quarterly breakdown of other income by source.

Lake Shore Realty’s total expenses were Rs 12.20 lakh, down from Rs 18.86 lakh a year earlier but up from Rs 10.89 lakh in the preceding quarter. Other expenses were Rs 7.99 lakh, versus Rs 16.82 lakh in September 2025 and Rs 6.74 lakh in June 2026, while employee-benefit expense was Rs 4.21 lakh, compared with Rs 2.04 lakh and Rs 4.15 lakh respectively.

The September 2026 statement reported no finance cost, fees and commission expense, or depreciation charge. This left reported revenue of Rs 44.55 lakh exceeding the Rs 12.20 lakh expense base by Rs 32.34 lakh before tax and exceptional items.

How did Lake Shore Realty perform in the first half of 2026-27?

Lake Shore Realty earned Rs 43.01 lakh in the half year ended 30 September 2026, compared with Rs 7.08 lakh in the corresponding half of 2025-26. Half-year total revenue rose to Rs 80.55 lakh from Rs 35.37 lakh, while total expenses declined to Rs 23.10 lakh from Rs 29.82 lakh.

Profit before tax and exceptional items was Rs 57.45 lakh for the latest six-month period, against Rs 5.55 lakh in the previous-year half. Other income totalled Rs 74.82 lakh and revenue from operations was Rs 5.72 lakh, compared with Rs 35.07 lakh and Rs 0.30 lakh respectively in the corresponding prior-year period.

Basic and diluted earnings per share were Rs 1.07 for the half year ended 30 September 2026, compared with Rs 0.20 in the year-earlier half. For the September quarter, basic and diluted earnings per share were Rs 0.54, based on equity shares with a face value of Rs 10 each.

The six-month profit of Rs 43.01 lakh exceeded the Rs 16.48 lakh profit reported for the full year ended 31 March 2026. However, half-year revenue of Rs 80.55 lakh remained below the Rs 1.31 crore reported for the preceding full year.

What changed in Lake Shore Realty’s balance sheet and cash flow?

Lake Shore Realty reported total assets of Rs 21.06 crore at 30 September 2026, compared with Rs 20.59 crore at 31 March 2026. Total equity increased to Rs 20.80 crore from Rs 20.37 crore, including other equity of Rs 17.30 crore, up from Rs 16.87 crore at the March year-end.

Non-current assets stood at Rs 17.76 crore at 30 September 2026, including Rs 15.79 crore of other non-financial assets and Rs 1.97 crore of investments. Current assets were Rs 3.29 crore, compared with Rs 6.83 crore at 31 March 2026, while current liabilities rose to Rs 23.15 lakh from Rs 21.87 lakh.

Net cash used in operating activities was Rs 43.27 lakh in the six months ended 30 September 2026, compared with Rs 14.23 lakh generated in the year ended 31 March 2026. The latest operating cash movement included Rs 21.36 lakh used in operations before direct taxes and Rs 21.91 lakh of direct taxes paid.

Investing activities used Rs 3.26 crore in the six-month period, comprising Rs 1.96 crore spent on purchases of investments in bonds and Rs 2.04 crore in net loans or inter-corporate deposits given, partly offset by interest and dividend income. The cash-flow statement reported closing cash and cash equivalents of Rs 2.89 crore at 30 September 2026, against Rs 6.58 crore at the beginning of the year.

Conclusion

Lake Shore Realty’s return to a Rs 24.21 lakh September-quarter profit followed a Rs 43 lakh year-on-year increase in total revenue and a Rs 6.66 lakh reduction in expenses. The result was principally supported by Rs 38.82 lakh of other income, compared with Rs 5.72 lakh of revenue from operations.

What to watch next is whether later disclosures clarify the source and recurrence of other income, which totalled Rs 74.82 lakh in the half year ended 30 September 2026 but was not separately broken down in the quarterly profit-and-loss statement. The filing also leaves the effect of Rs 3.26 crore of six-month investing outflows, including bond purchases and net loans or inter-corporate deposits given, to future reporting periods.