DB Realty rallies over 6% to 52-week high on robust Q2 earnings, arm selloff plans

The sell-off of its arm will lead to considerable amount of free cashflow for DB Realty and will help to clean up the its balancesheet.

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26 Aug, 2025 12:21

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Shares of DB Realty rallied over 6 percent to a 52-week high of Rs 193 on November 7, buoyed by the company's strong Q2 earnings and plans to sell off a subsidiary for Rs 231.42 crore.

The company's net profit for the July-September period soared 55.5 percent on-year to Rs 884.20 crore as against Rs 569 crore a year ago, aided by an equally impressive revenue jump as it grew manifold to Rs 68 crore, significantly higher than Rs 10 crore clocked in the base period. Other income also came at Rs 821.85 crore on the back of gains from divestment and unwinding of financial assets.

The company's operational performance also remained resilient as the EBITDA margin stood firm at 76 percent. The realty major's earnings before interest, taxes, depreciation, and amortisation also improved significantly to Rs 51.70 crore in Q2 as against a loss of Rs 14.10 in the base period.

The company repaid debt worth Rs 824.40 crore during the quarter under review and announced plans to divest its 100 percent stake in Real Gem Buildtech to Rustomjee Group's Kingmaker Developers in a deal worth Rs 231.42 crore. The company stated that the deal will lead to a considerable amount of free cashflow to DB Realty and will help to clean up its balance sheet.

Shares of the company reacted positively to the stake sale as well as earnings and traded nearly 4.5 percent higher at Rs 188.90 on the NSE as of 12.59pm.