This real estate development company’s Stock is in focus after it reported that it has won a legal battle against Maharashtra Housing and Area Development Authority, which has cleared the path for its ₹12,000 Cr Bandra Project. Check out the Important details.
With a market capitalization of Rs. 9,881 Crore, the stock of Valor Estate opened at Rs. 185, up 4.13 percent from yesterday’s close, and after opening, it made a high of Rs. 185.15, up 4.22 percent. Additionally, the Yearly return for the stock is -12 percent, and the past 5-year return is 2,685 percent.
Update from the Company
Valor Estate Limited has received a significant boost for its large-scale real estate project in Bandra West, Mumbai, that has an estimated GDV of Rs. 12,000 Crore.
The Maharashtra Housing and Area Development Authority (MHADA) had demanded full charges for additional building rights under the project. However, Om Metals (a Partnership firm for Valor’s subsidiary named Goregaon Hotel and Realty Private Limited ) argued that only 50% of the charges should be paid, in line with existing city regulations.
The matter was taken to the High Court, which ruled in favor of Valor Estate. With this legal clearance, the company can now move forward with the project, which has an approved gross development value (GDV) of Rs. 12,000 crore.
About the Company
Established in 2007 and based in Mumbai, Valor Estate Limited, formerly known as D B Realty Limited, is a prominent real estate development company. The company operates in two main segments: real estate and hospitality. Its residential portfolio caters to various income groups, while its commercial and retail developments include customized office spaces and retail shops. In the hospitality sector, Valor Estate has been involved with properties like The Hilton in Mumbai and Grand Hyatt in Goa.
As of now, Valor Estate Limited (formerly DB Realty) is in the process of demerging its hospitality business into a separate publicly listed entity named Advent Hotels International. This strategic move aims to allow Valor Estate to concentrate on its core real estate operations while enabling Advent Hotels to focus exclusively on the hospitality sector.
The company reported a 130.74 percent YoY increase in revenue from Rs. 142.80 Crore in Q3FY24 to Rs. 329.50 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 316.82 percent in revenue from Rs. 79.05 Crore in the previous quarter. Their Net profit saw a decrease of 98.28 percent YoY from Rs. 462.64 Crore to Rs. 7.93 Crore for the same period. On a QoQ basis, the company reported a turnaround from a loss of Rs. 111.23 Crore in the previous quarter.
Written By Abhishek Das
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