Delhi estate announced its FY24 results

21 May 2025

• Financial Highlights: DSE Estates Limited (formerly Delhi Stock Exchange Ltd.) reported a strong financial performance in FY24, with standalone gross income increasing by 26% YoY to ₹4.7 Cr, and consolidated income rising to ₹8.4 Cr. Standalone profit after tax (PAT) surged by 59% to ₹1.9 Cr, while consolidated PAT more than tripled to ₹4.6 Cr. This growth was driven by improved income from investments and effective cost control. The company has demonstrated a remarkable financial turnaround over the last six years, with standalone PAT growing by over 300% and consolidated PAT rising by over 850% since FY2017–18. During the year, DSE Estates also continued its recovery efforts, realizing ₹1.9 Cr in income tax refunds and ₹3.2 Cr from SEBI and brokers, and maintained a healthy liquid fund position of ₹67.59 Cr.

• Operational Developments: On the operational front, the company focused on asset recovery and legal settlements. It successfully regained possession of key properties, including flats in Laxmi Nagar and a long-disputed commercial unit at DSE Chambers, following a favorable court ruling. Legal efficiency has been a strategic advantage, with 22 court cases decided in DSE’s favor since 2018, including 5 in the last year alone. The company also transitioned smoothly from a stock exchange entity to a real estate-focused enterprise by amending its name and corporate charter. Its 100% subsidiary, Delstox Stocks and Shares Ltd., showed stellar growth, with PAT increasing to ₹2.7 Cr from ₹24 lakh in the prior year. This subsidiary continues to offer trading and depository services, expanding the operational base.

• Future outlook: Looking ahead, DSE Estates plans to enhance shareholder value through strategic capital restructuring and further consolidation of reserves. The company has proposed reclassifying ₹51.36 crore from the Capital Reserve to the General Reserve, enabling broader utilization flexibility. Management has also filed a petition with the National Company Law Tribunal (NCLT) for minor capital reduction and member register rectification. While no dividend is proposed for FY24, the firm remains focused on preserving liquidity, unlocking asset value, and maintaining compliance with evolving regulatory standards. The operational trajectory suggests a cautious but strategically aligned future, underpinned by strong governance, legal clarity, and stable cash generation.