COUNCODOS - Country Condo

📊 NSE: COUNCODOS 🏢 Construction 📅 Last Updated: 12/13/2025 21:12

💰 Financial Performance

Revenue Growth by Segment

Total income for H1 FY26 grew by 1.48% YoY to INR 9.39 Cr, primarily driven by the real estate segment which contributes 100% of revenue.

Geographic Revenue Split

100% of revenue is generated from operations in India, specifically focused on the Telangana region (Hyderabad).

Profitability Margins

Net Profit Margin for H1 FY26 was 3.67%, a slight decline from 3.84% in H1 FY25. Net profit decreased by 3.04% YoY to INR 0.34 Cr.

EBITDA Margin

EBITDA Margin for H1 FY26 was 5.84% (INR 0.55 Cr), down from 6.64% (INR 0.61 Cr) in H1 FY25, reflecting a 10.76% decline in core operational profitability.

Capital Expenditure

Capital expenditure for H1 FY26 was INR 0.013 Cr (INR 1.30 Lakhs) for the purchase of Property, Plant and Equipment.

Credit Rating & Borrowing

Credit rating is not applicable as the company has no listed debt instruments. Borrowing costs were minimal with finance costs of INR 0.0013 Cr (INR 0.13 Lakhs) in H1 FY26, a 97.6% reduction from H1 FY25.

⚙️ Operational Drivers

Raw Materials

Land Development Expenditure is the primary operational cost, representing 69.54% of total income (INR 6.53 Cr).

Import Sources

Raw materials and land development services are sourced domestically within India, primarily from the state of Telangana.

Capacity Expansion

Current capacity is focused on real estate development projects; specific expansion metrics in units or MT are not disclosed.

Raw Material Costs

Land development costs were INR 6.53 Cr in H1 FY26, representing 69.54% of revenue. These costs decreased by 10.1% YoY from INR 7.26 Cr in H1 FY25.

Manufacturing Efficiency

Not applicable as the company is in the real estate development sector; efficiency is measured by project absorption and cost management.

📈 Strategic Growth

Growth Strategy

The company focuses on real estate development and land development projects in the Telangana region, leveraging existing land banks and managing land development expenditures (INR 6.53 Cr in H1 FY26) to maintain margins.

Products & Services

Residential plots, developed land, and real estate condos.

Brand Portfolio

Country Condo's

Market Expansion

Market expansion is focused on deepening presence in the Hyderabad and Telangana real estate markets.

🌍 External Factors

Industry Trends

The real estate sector in India, particularly in regional hubs like Hyderabad, is seeing steady demand for developed plots, though the company's revenue growth was modest at 1.48% YoY in H1 FY26.

Competitive Landscape

Competes with regional real estate developers in the Hyderabad residential and commercial plot market.

Competitive Moat

Moat is based on regional brand recognition in the Telangana real estate market and a governance structure with separate Chairman and CEO roles, though sustainability is challenged by low revenue growth.

Macro Economic Sensitivity

Highly sensitive to regional GDP growth in Telangana and interest rate cycles affecting real estate demand.

Consumer Behavior

Shift towards organized real estate development and demand for residential plots in suburban Hyderabad.

Geopolitical Risks

Low impact due to 100% domestic operations and sourcing.

⚖️ Regulatory & Governance

Industry Regulations

Compliant with SEBI (LODR) Regulations 17 to 27 and real estate development standards; no audit qualifications for FY 2024-25.

Taxation Policy Impact

Effective tax rate for H1 FY26 was 28.3% based on a current tax expense of INR 0.13 Cr on profit before tax of INR 0.47 Cr.

Legal Contingencies

No directors have been debarred or disqualified by SEBI or the Ministry of Corporate Affairs; specific litigation values for pending cases are not disclosed.