Elara India Opportunities Fund Picks up a stake in Karda Constructions Ltd.

Nashik, August 18: Elara India Opportunities Fund Ltd. has picked up a stake in BSE & NSE listed Karda Constructions Ltd. (KCL) (BSE: 541161; NSE: KARDA), a leading real estate developer. As per bulk deal data available on BSE, Elara India Opportunities Fund has picked up 961340 shares at Rs. 21.50 on August 17, 2021.

Recently the company had announced excellent results for the quarter ended June 30, 2021. Total income rose from Rs. 1776.95 lakhs (Q1FY21) to Rs. 2028.76 (Q1FY22), a Y-O-Y increase of ~14%. The profit after tax (PAT) saw massive growth, from Rs. 174.46 Lakhs (Q1FY21) to Rs. 614.24 (Q1FY22), an increase of 252%.

The company’s business activity falls within two business segments – Development of Real Estate Properties and Civil Contracting Business.

Karda Constructions Ltd is a First-Generation Construction Company in Maharashtra and Western India with a disciplined and professional approach. The company is founded and promoted by Mr. Naresh Karda in the year 2007. Promoter has an experience of more than 25 years in the construction industry. The company has established its brand name as “Hari” for its entire project. The company has received an Award for the “Iconic Budget Home” by Times Realty Icons Award 2019, Navi Mumbai & Thane. The company also received an Award for the “The Most Preferred Real Estate Company” of Nashik at the event “My Maharashtra Awards-2019”.

The company has a strong project pipeline of Rs 1,185 crore, of which 70% of the project will go live by 2025. The company has diversified revenue streams – civil contracts, joint development, government and private contract. Karda construction has 7 lakh square feet of land reserves with access to prime locations across Nashik district and other territories.

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Start-Up Visa: A Golden Opportunity for Indian Entrepreneurs to Establish Business in the UK

Swapan Dutta, Director – Sales & Marketing, XIPHIAS Immigration Bengaluru (Karnataka) [India], March 23: The UK has long been known as a global leader in innovation and enterprise, attracting talented entrepreneurs worldwide. The Start-Up Visa program is just one example of how the UK government is committed to nurturing new talent and ideas, making it […]

Read More
Business

Soccerji is creating a thriving community of football players, clubs and coaches

Pune (Maharashtra) [India], March 23: Football is a beautiful, almost magical, game. Somehow, it wasn’t the most popular sport in India, barring a few places like West Bengal and Kerala, but the situation is changing now. The emergence of Indian Super League and other domestic leagues has added to football’s popularity in India. Redcard Solutions, […]

Read More
Business

Shalby Hospitals Surat performs TUKSplasty – A New Type of Partial Knee Replacement Surgery with Vitamin E Poly for the First Time in South Gujarat

Surat (Gujarat) [India], March 23: TUKSpalsty, which is a new type of Partial Knee Replacement Surgery with Vitamin E Poly, done was for the first time in South Gujarat at Shalby Hospitals Surat. This was performed by Shalby’s Senior Joint Replacement Surgeon Dr. Manu Sharma. TUKSplasty is a revolutionary knee replacement procedure and has distinct […]

Read More