The share price of the small-cap company rose by 1.9 percent to its intraday high of Rs 49.98 per share from its previous close of Rs 49.04 after the company received approvals for a hospital project with Narayana Hrudayalaya Ltd.
Hampton Sky Realty Ltd has received approval to begin construction on the Hampton Narayana Superspeciality Hospital project, according to an exchange filing. This follows the previous announcement made on December 3, 2021.
Additionally, the company will begin construction next week with an estimated investment of Rs. 200 crores. This hospital is located on NH-5, which connects Ludhiana and Chandigarh. It is part of the 43 Acres project.
According to the financials of the company, their Net revenue increased 255 percent year on year, from Rs 17.38 crores in Q2FY23 to Rs 61.79 crores in Q2FY24, according to the company filing. On a quarterly basis, their revenue rose 79 percent from Rs 34.36 crore in Q1FY24 to current levels.
Additionally, the net profit fell 22 percent year on year, from Rs 3.39 crores in Q2FY23 to Rs 2.64 crores in Q2FY24. Their net profit fell 17 percent sequentially from Rs 3.20 crores in Q1FY24 to current levels.
Hampton Sky Realty Limited is a Small cap company with a market capitalization of Rs 1,300 Crores, the share price of the company rose by 10 percent in the last six months and 16 percent last year.
Hampton Sky Realty Limited promoters own 74.81 percent of the company, the general public owns 22.89 percent, and foreign institutional investors own 2.30 percent.
Hampton Sky Realty Limited, formerly Ritesh Properties and Industries Limited, is an India-based company that specializes in real estate, textiles, and share and derivative trading. The company is divided into three divisions: the Real Estate Division, the Textile Division, and the Trading in Shares and Derivatives Division.
Written by Sriram KV
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