LODHA GROUP EARNINGS
CEO@Work: We think about ourselves as a consumer goods company and our product is housing: Abhishek Lodha
“Housing causes the creation of the middle class and housing benefits immensely from the creation of the middle class. So this is the sector which will drive our economy for the next 15 years. I feel quite confident this is a very long cycle, unlike the typical cyclicality, which may be five, some people say five to seven years, some say 7-10 years, but whatever that may be.”
I see a very bright future for the economy driven by infrastructure and realty: Raamdeo Agrawal
“On the face of it, you might see Suzlon in energy transmission, but underlying, there are a whole lot of companies which are supplying beyond them because the whole architecture, transmission, it is going to be different because it is very distributed. It is just about the first year. We have a 10-12-year journey. I do not know where it stops, but I see a very bright future for the economy driven by infrastructure and realty. ”
Ad sales rebound boosts Meta’s Q2 earnings; bumper listing for Netweb Technologies
A bounceback in the digital ads business has helped Meta Platforms beat market expectations with a double-digit rise in both revenue and profit in the second quarter. This and more in today’s ETtech Top 5.
Chit fund scam: Punjab govt to sell properties of Pearl Group to return duped investors' money
The chief minister said the group had done a huge fraud against the people of the state for which it will be made accountable. The revenue records have already been checked to ensure complete transparency in the process, Mann said, adding that topmost priority has been accorded to this work so that these properties are confiscated by the government.
Brookfield India REIT appoints bankers, targets July for $400 million raising: Sources
Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400 million, and is targeting the deal's closure by July, three people with direct knowledge said.
Macrotech Developers Q3 Results: Net profit rises 6% YoY to Rs 296 crore
Demand for quality housing from trusted brands continues to remain strong despite the increase seen in mortgage rates. This reinforces our view that the housing upcycle is long term in nature on the back of strong affordability, job creation and income growth,” said Abhishek Lodha, MD & CEO, Macrotech Developers.
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ITC among Siddhartha Khemka’s top picks for next 12-18 months
“The best way to participate in the market is to accumulate at every fall and on larger falls and specifically days when markets are down by 3-4%. We saw that in the previous week where markets were down 5.6% in one week and the next week it recovered almost 3.5%! So, it is kind of a zigzag market. It is very difficult to predict bottoms.”
Lodha Group records 271% jump in FY22 net profit at Rs 1,262 crore
For the quarter ended March, net profit grew 97% from a year ago Rs 573 crore on the back of Rs 36% rise in revenue at Rs 3,445 crore.
Developers including Godrej, DLF and Oberoi raise home prices on strong demand, input cost hike
Top developers including Godrej, DLF, Sobha, Oberoi, Lodha, and Mahindra have increased prices quarter on quarter, an analysis of their earning calls after their third quarter results showed. They claimed the price hike has not impacted sales.
Birla Corporation Q1 results: Net profit rises over 2-fold to Rs 142 cr
Its revenue from operation was up 43.13 per cent to Rs 1,749.11 crore during the quarter under review as against Rs 1,221.97 crore in the year-ago period.
Macrotech Developers Q1 results: Co posts net profit at Rs 161 cr
Revenue from operations for the developer listed as Macrotech Developers rose 221 per cent year-on-year to Rs 1,605 crore with a 346 per cent jump in collections at Rs 1,714 crore.
Macrotech Developers Q4 results: Net profit rises 31% to Rs 312 crore
The company’s pre-sales from India operations rose 116% during the quarter to Rs 2,531 crore with collections increasing 10% to Rs 2,089 crore.
Birla Corporation Q4 results: Consolidated PAT rises 28% to Rs 249 crore
“In the light of the massive disruptions faced at the beginning of the financial year, FY20-21 wasn’t disappointing from the standpoint of profitability,” said Harsh Vardhan Lodha, chairman, Birla Corporation.
Lodha Developers plans to raise Rs 2,500 crore with 10% dilution through IPO
This is the third time the developer is proposing to take the company public with a share sale after attempting the same in 2009 and 2018 and later deferring the issue in the backdrop of unfavorable market conditions.
Birla Corporation Q2 Results: Net profit jumps 89% as cement demand recovers
“We have a clear plan charted out on how to make Birla Corporation Limited more competitive. We have also discussed with our board and finalized a plan to scale up our capacity to 25 million tonnes by 2025,” the company’s chairman Harsh Vardhan Lodha said in a statement on Thursday.
Investors brace for crucial week with YES earnings, Lodha bonds
Yes Bank, which was due to report results for Q3 last month, delayed the announcement to March 14.
Lodha constructing Rs 13,000 cr worth commercial assets; may launch REIT in 3 years
The Mumbai-based developer has completed 2 million sq ft office space valuing Rs 2,000 crore. It recently sold office properties worth Rs 1,350 crore.
I will be a buyer in two-wheelers and auto ancillaries: Gurmeet Chadha, Complete Circle Consultants
The rising content per vehicle is more a structural trend, says Chadha.
Britannia Industries seeks legal advice on Ness Wadia's role
There’s still no consensus on the effect the drug conviction will have on Ness’ role in the family-run Group.
After Hours: Abbott, SpiceJet sizzle on Q2 results; RComm takes tumble
A spike in crude prices, weak IIP data for September impeded any rise in the stock market.
Ad-free cricket telecast: Justice Mudgal bats for pay-per-view
If fans want to watch uninterrupted proceedings of the match, a system of paying more for ad-free coverage won't be a bad idea, said Justice Mudgal.
Meet Harsh Lodha, chief of Birla Corp, whose DNA combines of a professional & an entrepreneur
Harsh lets his board and management work fully independently, but during strategic calls, he effortlessly leads from the front.
The case for legalized cricket betting; it's not what you think
On January 4, a three-member panel appointed by the Supreme Court also recommended legalising cricket betting in India.
DLF sells land parcel in Kochi for Rs 111 crore
DLF Ltd has sold four acres of land in Kochi for Rs 111 crore as part of its plan to sell non-core assets to boost cash flows and reduce debt.
Why gyms and health clubs are finding it hard to stay profitable
A combination of difficult economics and human sloth has twisted the industry into a tight spot.
Birla Corporation Q4 net rises 26 pc to Rs 72.62 cr
Birla Corporation Ltd today reported over 26 per cent increase in net profit at Rs 72.62 crore for the fourth quarter ended March 31, 2013.
DLF PAT seen down 23% on interest costs, margins fall
The realty major is expected to report a 23% YoY fall, weighed down by interest costs and margin contraction, according to ET Now estimates.
Mafatlal to sell leased land, earn 1,000 crore
Mafatlal Industries is expected to get over Rs 1,000 crore by selling off a prime seven-acre plot kissing the Byculla zoo.
Mafatlal to sell leased land, earn Rs 1,000 cr
Mafatlal Industries is expected to get over Rs 1,000 crore by selling off a prime seven-acre plot kissing the Byculla zoo.
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