Innovators Facade Systems Shares Surge 7% on Major Real Estate Contracts
Shares of Innovators Facade Systems recently surged by 7.36% to ₹224.60 on the BSE following the company's announcement of securing new work orders worth approximately ₹223.79 crore for façade and glazing projects. These projects are from leading real estate developers Aditya Birla Real Estate and K Raheja Corp.
The rally in the stock came on higher trading volumes after the announcement during market hours. The stock hit an intraday high of ₹226.20 before paring some gains. With the recent upmove, the shares have advanced nearly 35% so far in 2025, driven by steady order inflows and improving demand in the construction and real estate sector.
The company has received two significant contracts involving the design, supply, installation, testing, and commissioning of façade and glazing systems for premium developments in Mumbai and Pune.
The first order from Aditya Birla Real Estate pertains to Tower B of Birla Niyaara, located in Worli, Mumbai, with a total contract value of about ₹146.19 crore. The project is expected to be completed within 987 days from the commencement date.
The second contract, from K Raheja Corp, involves façade and glazing work for its Baner 94_97 project in Pune, valued at around ₹77.60 crore, with a completion timeline of 24 months.
According to the company’s exchange filing, both projects encompass an end-to-end scope, including design, engineering, fabrication, supply, installation, testing, and commissioning of the complete façade systems. The company stated that these orders highlight its execution capabilities and strengthen its position as a preferred façade solutions provider for India’s high-rise and luxury real estate market.
Innovators Facade Systems specializes in the designing, engineering, fabrication, and installation of façade systems. Its product range includes glazing and curtain walls, high-end doors and windows, skylights, canopies, frameless glazing, MS structures, stone and metal cladding, and roofing systems.
On a consolidated basis, the company reported a net profit decline of 24.88% to ₹7.67 crore, while net sales fell 6.48% to ₹107.32 crore in H2 FY25 compared to the same period in the previous year. Despite this, the recent contract wins are expected to boost the company's financial performance in the coming quarters.
