What’s new

• Standalone net profit climbed to ₹142.48 lakhs from ₹96.13 lakhs.
• Equity base tripled to ₹43.48 cr after a ₹28.42 cr rights issue in September 2025.
• Statutory auditor delivered an unmodified opinion on the annual results.

Why it matters

The company used a rights issue to significantly thicken its equity buffer, which now stands at more than triple its prior-year level. While the jump in revenue and profit is positive, the lack of future guidance leaves investors to wonder how this cash will be deployed in the real estate market.

What we’re watching

• Clarity on the deployment of proceeds from the September rights issue.
• Any shift in the company's land bank or project pipeline.
• Sustainability of operating margins given the revenue growth.

The full read

Zodiac Ventures finished FY26 with a ₹142.48 lakh profit, a significant increase from the ₹96.13 lakh reported in FY25. The core driver was top-line growth, with income from operations reaching ₹343.15 lakhs—more than double the ₹160.26 lakhs seen the prior year. The most distinct change is the state of the balance sheet. Following a ₹28.42 crore rights issue in September 2025, the company's total equity has ballooned from ₹14.47 crore to ₹43.48 crore. With an unmodified audit opinion, the report is clean. It confirms a firm footing. What remains to be seen is how effectively this expanded equity base will be put to work. For a nano-cap firm, this level of capital injection is the primary event, as it provides the runway for future projects.

Primary source: BSE · NSE