Shraddha Prime Projects Reports Profit and EBITDA Improvement in Latest Quarter
Shraddha Prime Projects has reported a significant financial turnaround in the latest quarter. The company posted a net profit of ₹67.00 crore, compared to a loss of ₹66.00 crore in the same quarter last year. Revenue increased by 56.68% year-on-year to ₹481.00 crore. EBITDA improved to ₹82.00 crore from a loss of ₹78.00 crore, with an EBITDA margin of 17.03%. This performance indicates a strong recovery and improved operational efficiency for the real estate company.
15May 25
Shraddha Prime Projects Secures IOD Approval for ₹420 Crore 'Paradise Enclave' Project
Shraddha Prime Projects has obtained Initial Offer of Development (IOD) approval for its major redevelopment project, 'Shraddha Paradise Enclave', valued at ₹420.00 crore. This milestone marks a significant step forward in the company's ambitious real estate initiative, demonstrating successful navigation of initial regulatory hurdles and paving the way for project progression.