Peninsula Land Limited announced the outcome of its Board Meeting held on February 05, 2026, wherein the Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2025 (Q3 FY26) were approved. The meeting commenced at 2:15 PM and concluded at 4:24 PM. For the standalone results, the company reported a net loss of ₹1,112 lakhs for the quarter ended December 31, 2025, compared to a loss of ₹681 lakhs in the previous year. For the nine months ended December 31, 2025, the standalone net loss stood at ₹1,817 lakhs, versus a loss of ₹3,510 lakhs in the corresponding period last year. The company's revenue from operations for the quarter was ₹2,691 lakhs, and for the nine months was ₹9,665 lakhs. A significant point of concern highlighted by the auditors is the carrying value of investments and loans amounting to ₹9,615 lakhs in Peninsula Holdings and Investments Private Limited (PHIPL), a wholly-owned subsidiary. PHIPL has invested in Hem Infrastructure and Development Private Limited (HIPDPL), a joint venture entity for which a Corporate Insolvency Resolution Process (CIRP) has been initiated by the National Company Law Tribunal (NCLT). The recoverability of these investments and loans cannot be determined due to ongoing NCLT proceedings. An appeal against the NCLAT order was preferred with the Supreme Court on December 27, 2025, and discussions for a negotiated settlement are also underway. The consolidated results also reflect a net loss for the quarter and nine months ended December 31, 2025. The consolidated net loss for the quarter was ₹1,198 lakhs, and for the nine months was ₹1,855 lakhs. The consolidated financial exposure in HIPDPL is ₹9,184 lakhs, with recoverability also being uncertain. Additionally, the company has recognized an additional charge of ₹166 lakhs under employee benefit expenses due to the implementation of new Labour Codes notified in November 2025. The company also completed the conversion of 0% Unsecured Compulsorily Convertible Debentures and redeemed optionally convertible debentures during the period.
