real estate news
Anant Raj Reports 38% Q1 Profit Surge, Expands Data Centre Operations
Anant Raj Ltd reported a 38.3% year-on-year increase in net profit to ₹125.9 crore for the June quarter. The company also expanded its data centre business and launched new real estate projects.
real estate news
Kalpataru Reports 42% Decline in Q4 Net Profit Despite Strong Revenue Growth
Mumbai-based real estate developer Kalpataru announced a 42.18% year-on-year decline in net profit for Q4 FY25, despite a 21.32% increase in revenue from operations. The company attributes the decline to higher expenses and strategic asset-light growth.
real estate news
Arihant Foundations Reports Record Rs 4 Billion Pre-Sales in FY25
Arihant Foundations and Housing Limited has reported a record Rs 4 billion in pre-sales for the fiscal year 2025, marking a significant milestone in the Chennai real estate sector.
real estate news
GMR Airports Shares Poised to Re-Test ₹100 Mark After Strong Q4 and FY26 Outlook
Jefferies maintains a 'Buy' rating on GMR Airports shares, citing robust Q4 performance and a promising FY26 outlook. The brokerage has raised its price target to ₹100, driven by multiple tailwinds including consistent air traffic growth, rising travel retail revenues, and real estate monetisation opportunities.
Real Estate Pune
Texmaco Targets 12-13% EBITDA Margin by FY26 with Strategic Initiatives
Engineering major Texmaco Rail & Engineering Ltd aims to achieve an EBITDA margin of 12-13% by FY26, driven by improved operational efficiency and business restructuring. The company is also progressing with several strategic moves, including mergers and global partnerships.
Real Estate Mumbai
Phoenix Mills Reports Q4 Results: Net Profit Dips 17.7% YoY, Margin Widens to 55%
Mumbai-based real estate developer Phoenix Mills Ltd. reported a 17.7% year-on-year (YoY) decline in net profit to ₹268.8 crore in the fourth quarter, despite a widening margin to 55%. The company has also declared a dividend.