Narendra Properties Limited , a real estate company based in Chennai, has disclosed a significant sale transaction at its NPL Grand Melody project. The company reported the sale of a single residential dwelling unit for ₹362.64 lakhs on October 31, 2025, as per a regulatory filing to the Bombay Stock Exchange.

Transaction Details

The sale represents a substantial portion of the company's annual turnover, prompting the disclosure under SEBI regulations. Here's a breakdown of the key details:

Significance of the Transaction

The sale is noteworthy for several reasons:

1. Financial Impact: The transaction value of ₹362.64 lakhs represents 40.19% of Narendra Properties' total income for the financial year ended March 31, 2025.

2. Disclosure Requirement: The sale triggered the disclosure requirement as it exceeded 2% of the company's turnover as per the last audited financial statements.

3. Ordinary Course of Business: The company confirmed that the transaction occurred in the ordinary course of business.

4. Non-Related Party Transaction: Narendra Properties stated that this was not a related party transaction, indicating an arm's length deal.

Market Implications

While the sale represents a significant portion of the company's annual turnover, it's important to note that such transactions are part of the normal operations for real estate developers. The disclosure provides transparency to shareholders and the market about the company's ongoing business activities.

Investors and market analysts may view this sale positively as it demonstrates the company's ability to close high-value transactions in its residential projects. However, it's crucial to consider this sale in the context of the company's overall financial performance and the broader real estate market conditions in Chennai.

As the real estate sector continues to evolve, particularly in metropolitan areas like Chennai, such transactions offer insights into the market's dynamics and the demand for residential properties in prime locations.

Narendra Properties Limited's shares are listed on the Bombay Stock Exchange. Investors are advised to consider this information along with other financial and market data when making investment decisions.

Narendra Properties Limited (NPL), a prominent player in the construction and property development sector, has reported a significant financial turnaround for the quarter ended June 30. The company's performance marks a substantial improvement from the same period last year, showcasing robust growth across key financial metrics.

Financial Highlights

The company's financial results demonstrate a remarkable recovery, with a substantial increase in both revenue and profitability. The total income saw a more than tenfold increase, rising from Rs 32.90 crore in Q1 FY2025 to Rs 355.60 crore in Q1 FY2026.

Performance Analysis

Narendra Properties' impressive turnaround can be attributed to a significant boost in its core operations. The revenue from operations, which stood at Rs 275.20 crore, contributed substantially to the overall income. Additionally, the company reported other income of Rs 80.40 crore, further strengthening its financial position.

The dramatic shift from a loss of Rs 6.90 crore in the previous year to a net profit of Rs 77.20 crore underscores the company's effective strategies and improved market conditions in the real estate sector.

Earnings Per Share

The company's earnings per share (EPS) reflected this positive trend, improving from a loss of Rs 0.10 per share in Q1 FY2025 to a profit of Rs 1.09 per share in Q1 FY2026. This significant enhancement in EPS is likely to boost investor confidence in the company's growth trajectory.

Corporate Governance and Shareholder Updates

In addition to the financial results, Narendra Properties has announced several key corporate events:

1. Annual General Meeting: The 30th Annual General Meeting (AGM) is scheduled for September 29, 2025, to be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM).

2. Dividend Recommendation: The Board of Directors has recommended a dividend of Rs 1 per Equity Share (10% of the face value of Rs 10 per share), subject to shareholder approval at the AGM.

3. Book Closure: The company has set the book closure dates from September 20, 2025, to September 29, 2025 (both days inclusive).

4. E-Voting: Electronic voting for resolutions to be passed at the AGM will be available from September 26, 2025, to September 28, 2025.

5. Scrutinizer Appointment: Mr. Tanuj Jain Susilkumar, a Practising Company Secretary, has been appointed as the scrutinizer for the electronic voting process.

Industry Outlook

As Narendra Properties operates primarily in the construction and property development segment, the robust financial performance may indicate a positive trend in the real estate market. The significant increase in revenue and profitability suggests a strong demand for the company's projects and effective execution of its business strategies.

The company's ability to turn around its financial performance so dramatically in a year's time demonstrates resilience and adaptability in a dynamic market environment. Investors and industry observers will likely keep a close watch on Narendra Properties' future quarters to see if this growth trajectory can be sustained.

With these impressive results and the upcoming AGM, Narendra Properties appears to be positioning itself for continued growth and shareholder value creation in the real estate sector.