Crest Ventures: Q1 FY27 Profit at Rs 11.47 Crore Amid Scheme of Arrangement Update

Crest Ventures reported a consolidated net profit of Rs 11.47 crore for the quarter ended June 30, 2026.

Reader Takeaway: Profit up sequentially; scheme of arrangement moving forward, but regulatory approvals are key.

What just happened

Crest Ventures announced its Q1 FY27 financial results, showing a consolidated net profit of Rs 11.47 crore. The company also received 'no adverse observation' letters from the BSE and NSE regarding its proposed Scheme of Arrangement with Crest Capital and Investment Limited.

Why this matters

The positive financial results and progress on the Scheme of Arrangement, which aims to demerge Crest Capital and Investment Limited, are significant for shareholders. The 'no adverse observation' letters are crucial steps towards obtaining final regulatory approval.

The backstory

The Board of Directors had previously approved the Scheme of Arrangement on December 18, 2025. The recent 'no adverse observation' letters from stock exchanges are a follow-up to this proposal, allowing the company to proceed to the National Company Law Tribunal (NCLT).

What changes now

With the stock exchange approvals in hand, Crest Ventures can now file the scheme with the NCLT. However, the scheme is still conditional on receiving final approval from the Reserve Bank of India (RBI).

Risks to watch

The company holds unsecured deposits of Rs 155.30 crore with certain counterparties related to joint development arrangements. Management believes these deposits are recoverable, but investors should monitor any developments regarding their recovery.

Peer comparison

(No peer comparison data available in the filing.)

Context metrics (time-bound)

• Consolidated Revenue from Operations for Q1 FY27: Rs 30.24 crore.
• Consolidated Net Profit After Tax for Q1 FY27: Rs 11.47 crore.
• Standalone Revenue from Operations for Q1 FY27: Rs 19.17 crore.
• Standalone Net Profit After Tax for Q1 FY27: Rs 3.55 crore.
• Investment in rights issue of subsidiary: Rs 10.26 crore.

What to track next

Investors should closely monitor the progress of the Scheme of Arrangement, particularly the pending RBI approval and NCLT sanction. Updates on the recoverability of unsecured deposits will also be important.