Crest Ventures Limited — Important, 03-05-2025: Updates

Crest Ventures Limited has announced a board meeting to approve the financial results for the quarter and half-year. CARE Ratings reaffirmed its BBB; Stable rating on CVL and ₹100 crore non-convertible debentures, noting adequate capitalization and moderate profitability. The company, with strong real estate expertise, faces sector risks tied to significant real estate exposure and unsecured inter-corporate deposits to group firms. CVL reported a standalone PAT of ₹49.7 crore on income of ₹139.9 crore in FY24, with profitability improving in 9MFY25.