Synopsis:
Realty stock went up by 3.3 percent soon after the company announced its appointment for the redevelopment of a Welfare Society in Mumbai on a saleable area with an estimated GDV of Rs 93.56 crore.
On Wednesday a Microcap realty stock was in focus as the company bagged a redevelopment project for a welfare society in Mumbai, Maharashtra, which has an estimated GDV of Rs 93.56 crore.
With a market cap of Rs 414 Crore, the stocks of B-Right Real Estate Ltd hit an intra day high of Rs 403 going up by 3.3 percent soon after the market was hit with the above news.
What’s the News?
On Wednesday B-Right Real Estate Ltd went to BSE to announce that the realty company has been appointed for the redevelopment project of Merry Building Welfare Society at Turel Pakhadi Road in Malad, Mumbai.
The 1,111 square meter project site is expected to generate a total saleable area of 33,158 sq. ft., with an estimated Gross Development Value (GDV) of Rs 93.56 crore, highlighting the strong redevelopment potential and value creation for B-Right Real Estate Limited.
Financial Overview
B-Right Real Estate Ltd had seen its YoY revenue grow by 31 percent to Rs 54 Cr in H1FY26 from Rs 41 Cr in H1FY25, while the HoH growth dipped by 14 percent from Rs 63 Cr in H1FY26.
The company made a Net profit of Rs 12.6 Cr in H1FY26 which is a 180 percent HoH growth from Rs 4.34 Cr in H2FY25, and a 43804 percent YoY growth from Rs 2.77 Lakh in H1FY25.
Moreover, the company’s 3 year Sales CAGR is at 323 percent, 3 year Profit CAGR is at 104 percent and the stock has given a compounded 3 year return of 49 percent.
Incorporated in 2008, B-Right Real Estate Ltd is a diversified real estate company engaged in property development, leasing solutions, and strategic investments across equity and debt markets.
Written by Adithya Menon
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