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  1. Aditya Birla Real Estate Q2 profit at ₹2.82 crore; revenue up 30%

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Aditya Birla Real Estate Q2 profit at ₹2.82 crore; revenue up 30%

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2 min read | Updated on October 22, 2024, 16:37 IST

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SUMMARY

Aditya Birla Real Estate Ltd had posted a net loss of ₹32.87 crore in the year-ago period.

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Aditya Birla Real Estate Q2 profit at ₹2.82 crore; revenue up 30%

Aditya Birla Real Estate Ltd on Tuesday reported a consolidated net profit of ₹2.82 crore in the second quarter of this fiscal year on higher income.

The company had posted a net loss of ₹32.87 crore in the year-ago period.

Total income rose to ₹1,138.08 crore during the July-September period of 2024-25 fiscal from ₹873.70 crore in the corresponding period of the preceding year, according to a regulatory filing.

Formerly, Century Textiles and Industries Ltd, is one of the leading real estate developers in India. It is also into pulp and paper business.

The board approved the appointment of Sukanya Kripalu as an Independent Director of the company for five years, commencing from October 30, 2024, up to October 29, 2029, subject to the approval of the shareholders of the company.

Stock price performance

Aditya Birla Real Estate shares opened lower at ₹3,008 per share on the NSE. Later in the day, the stock saw further profit booking, closing at ₹2,743 apiece, down 9.49%.

About Aditya Birla Real Estate

Century Textiles and Industries Ltd has transformed from a single-unit textile entity in 1987 into a commercial powerhouse with interests in diverse industries. Currently, the business house is a trendsetter in cotton textiles and also has a remarkable presence in the Pulp and Paper and Real Estate sectors.

About The Author

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Press Trust of India (PTI) is India's premier news agency.

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