Meghna Infracon Infrastructure Limited (BSE: 538668), an emerging name in real estate development across the residential sector in Western Mumbai region, has today entered into a Re-Development Agreement for residential project at premium location of Medel Town, Lokhandwala, Andheri (West), Mumbai admeasuring approximately 35000 square feet, after transferring possession to the original tenant, the said project is expected to generate revenue of Rs. 400 Millions.
Commenting on this development, Mr. Vikram Jayantilal Lodha, Managing Director said, “This development aligns seamlessly with our commitment by creating iconic developments that offer a superior living experience. We look forward for delivering yet another benchmark project that reflects our commitment to excellence”
Recently, the company reported stellar earnings for the quarter ended 30 June 2024. Revenue for Q1FY25 was reported at Rs. 905 lakhs as against Rs. 710.21 lakhs for Q4 FY24. PBT at Rs. 164.37 Lakhs for Q1FY25 as against Rs. 67.31 Lakhs for Q4 FY24. Profit After Tax (PAT) for Q1FY25 at Rs160.83 lakhs as against Rs. 58.01 Lakhs for Q4 FY24.
In Q1FY25, the company announced Acquisition of Luxury Residential Project- launch of “Rivaan” unveiling affluent Resident in Goregaon (west),Mumbai development of 95 Thousand Sq.Ft Area and Achieved significant sales milestone – ‘Rivaan’ Project located in Goregaon West, reaches ~25% Sales within 6 months of Launch. The company achieves 25% inventory sell-out across its completed projects resonating strong brand presence of MIIL in Mumbai City.
Meghna Infracon Infrastructure Limited (BSE: 538668), an emerging name in real estate development across the residential sector in Western Mumbai region. The company has a residential-projects located in the premium location of Goregaon and Andheri where they have established their presence. We are primed for ongoing success and expansion within the real estate sector.
