This Real estate Company is in focus after it hit the Upper circuit following its announcement of the share purchase agreement of Farewell Real Estates and New projects plans in Mumbai.
Share Price Movement
With a market capitalization of Rs 279 Crore, the stock of Yogi Limited hit an upper circuit of 93.05. Additionally, the Yearly return for the stock is 138 percent, and the past 5-year return is an impressive 1300 percent.
Updates from Company
The company has decided to execute a Share Purchase Agreement for the acquisition of a 60% stake in Farewell Real Estates Private Limited for cash consideration of Rs 5.18 Crores and the time period for completion of the acquisition is 6-12 months Following this acquisition, Farewell Real Estates will become a subsidiary of the company. Turnover of the company for FY23 was 4.21 lakh, and for FY24 it was 2.24 lakh.
Yogi Limited will arrange for the infusion of funds into Farewell Real Estates for the development of Veer Sambhaji Nagar Co-Operative Housing Society Limited under the Slum Rehabilitation (SRA) scheme at LBS Marg, Mumbai. Initially, the company will invest Rs. 50 Crores by subscribing to 5,000 Optionally Convertible Debentures (OCDs) with a face value of Rs 1,00,000 each. Furthermore, Yogi Limited plans to infuse an additional Rs. 150 Crores into the project, either through its own resources or institutional borrowing.
This Project has an estimated Gross Development Value (GDV) of Rs 2000 Crore approx, total land area is at 1,96,675 Sq.ft, with a rehabilitation component of 6,13,545 Sq.ft, and a free scale component of 9,11,111 Sq.ft. The company has also decided to launch its luxurious residential project, Yogi Sea, at Union Park, Mumbai
Also read: PSU Defence stock jumps 3% after receiving ₹1,292 Cr order from Indian Coast Guard
Financial Highlights
The company reported a 308 percent YoY increase in total revenue from Rs. 6.27 Lakh in Q3FY24 to Rs. 25.58 Lakh in Q3FY25. On a QoQ basis, the company reported an increase of 238.42 percent in revenue from Rs. 7.47 Lakh in the previous quarter.
Their Net Loss increased from 9.56 Lakh to 16.63 for the same period. Similarly, On a QoQ basis, their loss increased from 9.80 Lakh.
About the Company
Yogi Limited (formerly Parsharti Investment Limited) is an Indian company engaged in real estate development, construction, and infrastructure projects. Established in 1992 and headquartered in Mumbai, Maharashtra, the company focuses on delivering high-quality residential, commercial, and infrastructure projects.
Written By Abhishek Das
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
