In Monday’s trading session, shares of one of the leading real estate development stock, specialising in delivering high-quality residential, commercial, and mixed-use projects across India, is in focus upon declaring Q3 results and generating profit from loss YoY
Price action
With a market capitalization of Rs. 8,414.15 crores on Monday, the shares of Equinox India Developments Limited is down by 3.5 per cent making a low of Rs.127.61 per share compared to its previous closing price of Rs. 132.17 per share.
What Happened?
Equinox India Developments Limited specialising in delivering high-quality residential, commercial, and mixed-use projects has announced their results
Its Revenue from operations grew by 176 percent YoY from Rs. 100.55 Crores in Q3FY24 to Rs. 278.5 Crores in Q3FY25 and it grew by 13 percent QoQ from Rs. 245.97 Crores in Q2FY25 to Rs. 278.5 Crores in Q3FY25.
Its Net Profit rose YoY from loss of Rs. 38.5 Crores in Q3FY24 to a profit of Rs. 22.39 Crores in Q3FY25 and it declined by 7.74 percent QoQ from Rs. 24.27 Crores in Q2FY25 to Rs. 22.39 Crores in Q3FY25.
About the Company
Equinox India Developments Ltd is a prominent real estate development company that focuses on delivering high-quality residential, commercial, and mixed-use projects across India. With a commitment to innovation and sustainability, the company has earned a reputation for its excellence in design, construction, and project execution.
Operational Highlights
In Q3 FY2025, the company achieved solid operational results with 78,000 sq. ft. sold across various projects. Key highlights include Rs. 40 crore in pre-sales from Embassy One, Rs. 26 crore from Sky Forest, and Rs. 10 crore from Indiabulls Greens. Total pre-sales amounted to Rs. 82 crore, with collections of Rs. 105 crore and construction spends of Rs. 82 crore.
Upcoming Launches
Equinox India Developments Ltd has significant upcoming launches. The BLU Annex project in Worli is scheduled for launch in August 2025, with concept design closed and approvals pending. Embassy Village in Alibaug is expected to launch in May 2025, with concession drawings under scrutiny and approvals anticipated by April 2025. Both projects are progressing smoothly with necessary regulatory approvals. These launches highlight the company’s commitment to delivering high-quality developments.
Key insights
Equinox India Developments Ltd boasts a low debt-to-equity ratio of 0.08, highlighting its strong financial stability. Additionally, the company has achieved an impressive average net profit growth of 96.30 percent over the past three years, demonstrating its ability to drive substantial profitability and growth.
Financials
The company’s revenue grew by 176 percent from Rs 111.85 crore to Rs 309.61 crore in Q3FY24-25. Meanwhile, Net profit rose from a loss of Rs 38.65 crores to a profit of Rs 22.17 crore during the same period.
Written by Sridhar J
