Karda Constructions Ltd. Announces Excellent Results for Q1 FY22; PAT jumps 252 Percent

Mr. Naresh Karda, Chairman & Managing Director

Nashik (Maharashtra) [India], August 9: BSE & NSE listed Karda Constructions Ltd. (KCL) (BSE: 541161; NSE: KARDA), a leading real estate developer, has announced excellent results for the quarter ended 30 June 2021. Total income rose from Rs. 1776.95 lakhs (Q1FY21) to Rs. 2028.76 (Q1FY22), a Y-O-Y increase of ~14%. The profit after tax (PAT) saw massive growth, from Rs. 174.46 Lakhs (Q1FY21) to Rs. 614.24 (Q1FY22), an increase of 252%.

The above announcement comes after the company had, in a board meeting held on 14 July 2021, recommended issuance of bonus shares in the ratio of 4:1, i.e. four equity shares for every one fully paid-up equity share of Rs.1/- each, which has been approved by the shareholders in the recently concluded AGM. As the board of directors had recommended the subdivision of the face value of shares from Rs.2/- to face value of Rs.1/- in its meeting on May 31, 2021, the consent for the same has also been received from the shareholders in the recently concluded AGM.

The company has fixed Friday, 13 August 2021, as the record date to determine eligible shareholders entitled to Sub-Division of shares and receive bonus shares.

“In the Post Covid times, Nashik has seen good demand for Low Budget Commercial properties as people are looking for an alternative source of Income. We have seen good absorption of Commercial properties in some of the recent projects and we are expecting a similar response in the new project,” said Naresh Karda, Chairman, Karda Constructions Limited.

Karda Hari Vasant Twin Towers

The company’s business activity falls within two business segments – Development of Real Estate Properties and Civil Contracting Business.

Karda Constructions Ltd is a First-Generation Construction Company in Maharashtra and Western India with a disciplined and professional approach. The Company is founded and promoted by Mr. Naresh Karda in the year 2007. Promoter has an experience of more than 25 years in the construction industry. The company has established a brand name as “Hari” for all its projects. The Company has received an Award for the “Iconic Budget Home” by Times Realty Icons Award 2019, Navi Mumbai & Thane. The Company also received an Award for the “The Most Preferred Real Estate Company”, of Nashik at the event “My Maharashtra Awards-2019”.

15 thoughts on “Karda Constructions Ltd. Announces Excellent Results for Q1 FY22; PAT jumps 252 Percent

  1. Thanks for any other informative web site. The place else may I am getting that kind
    of information written in such a perfect manner?
    I have a mission that I’m simply now operating on, and I have been at the glance out for such information.

  2. It’s really very complicated in this full of activity life to listen news on TV,
    so I only use the web for that purpose, and take the newest news.

  3. This is really interesting, You are a very skilled blogger.

    I have joined your feed and look forward to seeking more
    of your fantastic post. Also, I have shared your web site in my
    social networks!

  4. It’s the best time to make some plans for the longer
    term and it’s time to be happy. I have learn this submit and if I may just I
    wish to counsel you few attention-grabbing issues or advice.
    Maybe you can write subsequent articles relating to this article.
    I wish to learn more issues approximately it!

  5. I like the helpful info you provide in your articles. I will bookmark your blog and check again here frequently.
    I am quite certain I will learn lots of new stuff right here!
    Good luck for the next!

  6. This design is wicked! You most certainly know how to keep a reader entertained.
    Between your wit and your videos, I was almost
    moved to start my own blog (well, almost…HaHa!) Wonderful job.
    I really loved what you had to say, and more than that, how you presented it.

    Too cool!

  7. Attractive component of content. I simply stumbled
    upon your web site and in accession capital to claim that I acquire in fact enjoyed account your
    blog posts. Anyway I’ll be subscribing for your feeds and even I fulfillment you get admission to
    constantly fast.

  8. Hello every one, here every person is sharing these knowledge, so it’s fastidious to
    read this blog, and I used to go to see this webpage everyday.

Leave a Reply

Your email address will not be published.