Valor Estate Posts Rs 11.33 Billion Revenue in FY25

31 May 2025 CW Team

Valor Estate Limited (formerly DB Realty Limited) reported a revenue of Rs 11.33 billion for the financial year ended 31st March 2025, up 217 per cent from Rs 3.57 billion in FY24. This surge was driven by real estate income of Rs 7.66 billion, primarily from the TEN BKC project, which contributed Rs 5.35 billion in Q4FY25 alone following a partial occupancy certificate.

The company also completed the sale of a non-core asset worth Rs 2.73 billion and announced a strategic commercial development at Sahar with Prestige Estates Projects Limited. This 1.5 million square foot project carries a Gross Development Value of Rs 45 billion, with both partners holding equal economic interest.

In hospitality, VEL earned Rs 1.08 billion in FY25, with an EBITDA of Rs 543.1 million in Q4FY25. The Hilton Mumbai reported a 92 per cent occupancy, while Grand Hyatt Goa recorded 81 per cent.

VEL is in the final stages of demerging its hospitality business into Advent Hotels International Private Limited. The company maintained a debt-to-equity ratio of 0.30:1, including hospitality loans, highlighting its capital-efficient approach.

Source:Valor Estate Limited

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