Valor Estate Delivers Stable Performance in Q2 FY26, Reduces Debt, and Prepares for Next Phase of Growth
Valor Estate Limited (VEL) has announced its results for the second quarter and half year ended September 30, 2025. The company reported a revenue of 136.85 crores for Q2FY26 and 840.33 crores for H1FY26. EBITDA for Q2FY26 was 45.10 crores and 91.36 crores for H1FY26. PBT for Q2FY26 was 14.39 crores and 40.94 crores for H1FY26. EPS (Basic) for Q2FY26 was 0.19 and 0.42 for H1FY26. The company has reduced its debt levels and is preparing for the next phase of growth, including evaluating opportunities for sustainable, annuity-oriented assets. The successful demerger of the hospitality business and recognition of revenues from the X BKC project have further supported the company's strengthened financial flexibility. Proceeds from ongoing and upcoming project deliveries are expected to contribute meaningfully to debt reduction over the coming quarter.
Key Highlights
- Valor Estate reported a stable performance in Q2 FY26 with a revenue of 136.85 crores.
- The company has reduced its debt levels, bringing it closer to its medium-term objective of a leaner and more efficient capital structure.
- Valor Estate has successfully completed the demerger of its Hospitality vertical, enabling each business to pursue a targeted, independent growth strategy.
- The company has received approval for the development of approximately 13,374 PAP tenements and has recognized a contract liability as per Ind AS 115.
- Construction is expected to commence shortly for the Company’s flagship premium development, The Prestige Place, Worli.