Bhansali Engineering Polymers Reports Revenue Decline and Interim Dividend
Bhansali Engineering Polymers Limited (BEPL) reported a 9.5% decrease in quarterly revenue to Rs 363.15 crores and a 12% drop in net profit to Rs 46.73 crores. The company's EBITDA margin contracted to 19.6% from 20.6% year-over-year. Despite challenges, BEPL declared an interim dividend of Rs 1.00 per share. Management expects gradual demand recovery, particularly in automotive and consumer durables sectors, but remains cautious about raw material price volatility.
Hubtown Limited approved Q1 unaudited financial results and made key auditor appointments. The company scheduled its 37th AGM for September 25 via video conference. The board discussed potential acquisition of Twenty Five Downtown Realty Limited and explored fund-raising options for expansion. An Investors and Analysts Meeting is set for August 14 in Mumbai.
07Jul 25
Hubtown to Issue Equity Shares Worth ₹26.09 Crores Following Warrant Conversion
Hubtown Limited's Board of Directors has approved the issuance of equity shares worth ₹26.09 crores, resulting from the conversion of warrants. This corporate action may lead to ownership dilution for existing shareholders, alter the company's capital structure, and potentially impact market perception and stock liquidity. The move is seen as a strategic financial maneuver, possibly aimed at strengthening Hubtown's capital base or fulfilling agreements with warrant holders.
02Jul 25
Hubtown Boosts Promoter Stake with 9.54 Lakh Equity Share Allocation
Hubtown Limited, a real estate developer, has issued 9.54 lakh equity shares to its promoter group through the conversion of warrants. This allocation is likely to increase the promoter group's ownership stake in the company, potentially strengthening their control. The move may lead to equity dilution for other shareholders and could be viewed as a sign of confidence in the company's future prospects. This development may impact Hubtown's stock price and market perception.
01Jul 25
Hubtown Unveils '25 West Realty Limited' Project with ₹6,000 Crore Revenue Potential
Hubtown Limited has announced a new venture called '25 West Realty Limited', expected to generate revenue of ₹6,000 crore. This large-scale real estate project signifies a major expansion in Hubtown's portfolio and could substantially impact the company's future financial performance. While specific details about the project's location, size, and timeline are not yet disclosed, the announcement has implications for Hubtown's market presence and competitive positioning in the real estate sector.
Hubtown Limited has completed RERA registration for the first phase of its '25 West Realty Limited' project. Sales and construction for the initial wing are in progress. The company projects revenue of ₹6,000.00 crores from this development. RERA compliance is expected to boost buyer confidence and potentially accelerate sales.
03Jun 25
Hubtown Secures 11,000 sq m TDR for Mumbai Slum Rehabilitation Project
Hubtown Limited has acquired Transferable Development Rights (TDR) of 11,000 square meters from MIDC and MCGM for its ongoing slum rehabilitation project in Andheri (East), Mumbai. This acquisition is part of the consideration for the project and signifies progress in Hubtown's urban development initiatives. The TDRs will potentially allow for increased development potential and demonstrate the company's compliance with local regulations.
26May 25
Hubtown's 'Czarnowo' Project in Mumbai Secures Occupancy Certificate
Hubtown Limited has obtained the Occupancy Certificate for 'Hubtown Seasons – Czarnowo', a residential project in Chembur, Mumbai. The project boasts a total carpet area of 54,000 square feet, with over 97% of the space already sold. This milestone signifies the project's readiness for occupation and compliance with regulatory requirements, paving the way for imminent handover to homebuyers.
22May 25
Hubtown's Q4 Profit Soars to ₹35.3 Crore, Revenue Dips Slightly
Hubtown Limited, a prominent real estate developer, announced its Q4 financial results, showing a significant profitability turnaround. The company reported a consolidated net profit of ₹35.30 crore, a substantial improvement from the ₹886.00 crore loss in the same period last year. However, revenue slightly decreased to ₹967.50 crore from ₹1,060.00 crore year-on-year, representing an 8.73% decline. The results indicate effective cost management and improved operational efficiency despite the revenue dip.
17Mar 25
Hubtown Limited Explores Merger and Expansion Opportunities
Hubtown Limited's Board of Directors has approved strategic initiatives including a potential merger with 25 West Realty Private Limited, plans to acquire new projects, and explore various funding options. The merger, subject to approvals, could boost Hubtown's presence in the luxury residential segment. The company is also considering raising funds through borrowings, debentures, equity capital, and other means to support expansion plans.