During the Thursday trading session the shares of one of the Realty and Infrastructure companies specialising in developing and managing of real estate and infrastructure projects almost jumped upto 4.5 percent in the days trade following the company proposed to split one existing equity share of face value Rs.10 into ten new equity shares of face value Rs.1 each.
Price action
With the market capitalization of Rs.924.57 Crores on Thursday, the shares of RDB Realty & Infrastructure Ltd jumped upto 4.5 percent making a days high at Rs.559.8 compared to its previous closing price of Rs.535.05
What happened
The shares of RDB Realty & Infrastructure Ltd jumped upto 4.5 percent after its board of directors considered and approved the companies stock split, where one existing equity share of face value Rs. 10 will be split into ten new equity shares of face value Rs. 1 each.
The record date for the proposed stock split of equity shares will be announced after the company gets approval from its shareholders and the approval will be sought through a Postal Ballot and e-voting process.
About the company
RDB Realty & Infrastructure Ltd is a prominent Indian company engaged in the development and management of real estate and infrastructure projects with a focus on providing quality residential, commercial, and mixed-use developments, the company has made a significant mark in the real estate industry and it is known for its innovative approach to design and construction, aiming to deliver modern and sustainable solutions.
The company’s projects are spread across major cities in India, contributing to urban development and offering a wide range of properties catering to various customer needs and RDB Realty & Infrastructure continues to expand its portfolio and creates value for its stakeholders
Financials
The company’s revenue rose by 90.6 percent, from Rs. 17.04 crore in Q2FY24 to Rs 32.48 crore in Q2FY25. Meanwhile, Net profit increased from a profit of Rs 1.57 crores to a profit of Rs 1.70 crore during the same period.
Key Financial ratios
RDB Realty & Infrastructure Ltd has a Return on Equity (RoE) of 8.71 percent and a Return on Capital Employed (RoCE) of 3.94 percent and Furthermore, the company’s debt-to-equity ratio is 2.57.
Stock Performance
The stock has provided impressive returns of about 753.06 percent over the last year, along with an impressive 36.95 percent gain in the last three months of 2024, it has continued to perform strongly.
Written By Sridhar J
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