Amj Land Holdings LimitedQ2 FY27 Results & Financial Update

Amj Land Holdings Limited: Q2 FY27 consolidated results and company financials – revenue ₹17.32 Cr, PAT ₹5.14 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: AMJLANDPublished 29 Oct 2026Updated 29 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹17.32 CrReported Q2 FY27
Profit after tax₹5.14 CrReported Q2 FY27
Sequential change+52.3%Quarter-on-quarter

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Quarterly Results AnalysisExplore Amj Land Holdings Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Amj Land Holdings Limited reported consolidated revenue from operations of INR 17.32 crore for the quarter ended September 30, 2026, marking a 21.09% expansion compared to INR 14.30 crore in the preceding quarter ended June 30, 2026.

02

Total consolidated income for Q2 FY27 reached INR 19.79 crore, up 16.50% sequentially from INR 16.50 crore registered in Q1 FY27, supported by stable operational inflows and other income.

03

Consolidated profit before tax (PBT) rose to INR 7.33 crore during the quarter under review, reflecting a 49.31% sequential increase over INR 4.91 crore reported in the first quarter of the fiscal year.

04

Net profit after tax (PAT) for the quarter stood at INR 5.14 crore, advancing 52.33% quarter-on-quarter from INR 3.37 crore, yielding an earnings per share (EPS) of INR 1.21 compared to INR 0.79 in Q1 FY27.

05

Profit attributable to owners of the company for Q2 FY27 was recorded at INR 4.98 crore, alongside INR 0.16 crore attributable to non-controlling interests, resulting in total comprehensive income attributable to owners of INR 17.32 crore after factoring in other comprehensive gains.

06

Segment performance indicates that the real estate business drove top-line growth with revenues climbing to INR 16.00 crore from INR 13.89 crore sequentially, while wind power generation revenue moderated to INR 1.32 crore from INR 4.15 crore in Q1 FY27.

07

Amj Land Holdings Limited reported consolidated revenue from operations of INR 17.32 crore for the quarter ended September 30, 2026, representing a sequential increase over the INR 14.30 crore recorded in the preceding quarter ended June 30, 2026. Total consolidated income reached INR 19.79 crore compared to INR 16.50 crore in the previous quarter, bolstered by other income of INR 2.47 crore.

08

Profit before tax for Q2 FY27 stood at INR 7.33 crore, advancing from INR 4.91 crore in Q1 FY27. Total tax expenses for the quarter were recorded at INR 2.19 crore, inclusive of current tax of INR 2.55 crore and deferred tax adjustments of INR -0.36 crore.

01 · Business model

What does Amj Land Holdings do?

Amj Land Holdings Limited operates primarily through diversified business segments, prominently focusing on real estate development and wind power generation.

The company's real estate division develops residential and commercial properties, contributing the majority of consolidated operating revenues through property construction and sales.

The wind power generation segment adds an auxiliary revenue stream by producing and supplying clean energy from wind turbine installations.

The group structure includes operating subsidiaries such as AMJ Land Developers and AMJ Realty Limited, along with associate holdings like 3P Land Holdings Limited and Biodegradable Products India Limited.

02 · Historical context

What shaped the business before this quarter

Business evolution

Effective April 1, 2026, the company adopted amendments to Ind AS 109 regarding the derecognition of financial assets and financial liabilities without restating comparative periods, as permitted under transition provisions.

03 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹17.32 Cr₹14.30 Cr
Total income₹19.79 Cr₹16.50 Cr
Profit before tax₹7.33 Cr₹4.91 Cr
Profit after tax₹5.14 Cr₹3.37 Cr
EPS₹1.21₹0.79

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Real Estate Segment Expansion

Real estate operations generated INR 16.00 crore in revenue during Q2 FY27, improving from INR 13.89 crore in Q1 FY27 and INR 10.13 crore in the corresponding period of the previous year.

Wind Power Generation Inflows

Wind power operations contributed INR 1.32 crore in revenue for the quarter, compared to INR 4.15 crore in the preceding quarter and INR 0.96 crore in Q2 FY25.

Real Estate Segment Contribution

The real estate business generated segment revenue of INR 15.99 crore during Q2 FY27, improving from INR 13.89 crore in the previous quarter.

Wind Power Generation

Wind power operations contributed segment revenue of INR 1.32 crore during the quarter under review, compared to INR 0.41 crore in Q1 FY27.

What drove margins

Cost of Construction

Cost of construction stood at INR 7.28 crore for Q2 FY27, compared to INR 8.05 crore in Q1 FY27 and INR 3.97 crore in Q2 FY25.

Inventory Changes

Changes in inventories of work-in-progress and finished goods amounted to an expense adjustment of INR 1.96 crore during the quarter, compared to INR 0.38 crore in Q1 FY27.

Employee Benefits and Depreciation

Employee benefit expenses were recorded at INR 1.69 crore, while depreciation and amortization expenses remained stable at INR 0.47 crore for the quarter.

Construction and Operational Expenses

Cost of construction was reported at INR 7.28 crore for Q2 FY27 alongside inventory changes of INR 1.96 crore, while employee benefit expenses stood at INR 1.69 crore.

Depreciation and Amortisation

Depreciation and amortisation expenses remained stable at INR 0.47 crore for the quarter.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Real Estate Business Segment

Reported segment revenue of INR 16.00 crore and segment results (profit before interest, tax, and depreciation) of INR 5.66 crore for Q2 FY27.

Wind Power Generation Segment

Reported segment revenue of INR 1.32 crore and segment results of INR 1.07 crore for the quarter ended September 30, 2026.

Real Estate Segment

Real estate operations recorded segment results of INR 5.66 crore before unallocable items and tax during Q2 FY27, compared to INR 4.39 crore in Q1 FY27.

Wind Power Segment

Wind power generation reported segment results of INR 1.07 crore for the quarter, compared to INR 0.15 crore in the prior quarter.

06 · Reported developments

What changed operationally

Sequential Profit Growth

Consolidated profit after tax expanded by 52.33% sequentially to INR 5.14 crore in Q2 FY27 from INR 3.37 crore in Q1 FY27.

07 · Pressure points & risks

What is not going smoothly

Unreviewed Associate Accounts

Financial results for associate firm Prime Mall Developers (under Biodegradable Products India Limited) were unavailable during the board meeting, though management estimated no material impact on consolidated results.

08 · Items worth noticing

The line items that can distort a quick read

Tax Adjustments

Current tax for the quarter was recorded at INR 2.55 crore, offset by a deferred tax credit of INR 0.36 crore.

Share of Profit of Associates

The consolidated results include a share of net profit from associates accounted for using the equity method amounting to INR 0.29 crore for Q2 FY27.

09 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹2.08 CrH1 FY27
Consolidated Operating Cash Flow

Net cash inflow from operating activities for the half year ended September 30, 2026, stood at INR 2.08 crore.

10 · Beyond the numbers

What changed beyond the numbers

Reported update

Statutory Auditor Review

The standalone and consolidated financial results for Q2 FY27 were subjected to a limited review by statutory auditors J M Agrawal & Co.

11 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue and Profit Expansion

Consolidated revenue from operations increased to INR 17.32 crore in Q2 FY27 from INR 14.30 crore in Q1 FY27, alongside an increase in net profit from INR 3.37 crore to INR 5.14 crore.

12 · Key Q&A

The quarter, answered directly

What does Amj Land Holdings do?

Amj Land Holdings Limited operates primarily through diversified business segments, prominently focusing on real estate development and wind power generation.

What is the clearest takeaway from Q2 FY27?

Amj Land Holdings Limited reported consolidated revenue from operations of INR 17.32 crore for the quarter ended September 30, 2026, marking a 21.09% expansion compared to INR 14.30 crore in the preceding quarter ended June 30, 2026.

What drove revenue or demand?

Real estate operations generated INR 16.00 crore in revenue during Q2 FY27, improving from INR 13.89 crore in Q1 FY27 and INR 10.13 crore in the corresponding period of the previous year.

What mattered most for margins or profitability?

Cost of construction stood at INR 7.28 crore for Q2 FY27, compared to INR 8.05 crore in Q1 FY27 and INR 3.97 crore in Q2 FY25.

What changed operationally beyond the headline numbers?

The standalone and consolidated financial results for Q2 FY27 were subjected to a limited review by statutory auditors J M Agrawal & Co.

What are the main pressure points disclosed for the quarter?

Financial results for associate firm Prime Mall Developers (under Biodegradable Products India Limited) were unavailable during the board meeting, though management estimated no material impact on consolidated results.

13 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

14 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Real Estate Project Milestones: Execution progress and sales velocity across ongoing real estate developments under subsidiary and parent entities.

  2. 02

    Seasonal generation trends and tariff realizations within the wind power segment.

  3. 03

    Sequential Segment Performance: Monitor future quarterly disclosures for sustained revenue progression across the real estate and wind power segments.

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