Advertisement
The Gulf conflict has disrupted global supply chains, pushed...
REITs have changed the way commercial real estate is owned a...
What does it take to preserve a real estate legacy while bui...
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Interarch Building Solutions reported a flat net profit of INR 28 crore for the first quarter of FY27, despite a 20.7% year-on-year increase in revenue from operations to INR 460 crore. The company’s total order book stood at INR 1,864 crore at the end of July. Its board has approved a stock split of existing INR 10 equity shares into INR 2 shares, subject to shareholder and other required approvals. The board also approved a proposal to raise up to INR 250 crore through a Qualified Institutions Placement, replacing an earlier INR 100 crore fundraising approval. The company also secured a major INR 165 crore order in Gujarat.
Interarch Building Solutions reported a net profit of INR 28 crore in the April-June quarter of FY27, unchanged from the corresponding quarter of the previous fiscal. Revenue from operations increased 20.7% year-on-year to INR 460 crore in Q1 FY27, compared with INR 381 crore in the same quarter of FY26.
The company’s total order book stood at INR 1,864 crore at the end of July, indicating a healthy pipeline of projects going forward. Interarch Building Solutions’ board has approved the sub-division, or stock split, of its existing equity shares with a face value of INR 10 each into fully paid-up shares with a face value of INR 2 each. The proposal is subject to shareholder approval and other necessary approvals.
The board has also approved a proposal to raise up to INR 250 crore through the issue of equity shares and/or other eligible securities convertible into or exchangeable for equity shares through a Qualified Institutions Placement (QIP). The proposal will replace the earlier approval for raising INR 100 crore and remains subject to the required approvals.
Interarch Building Solutions Managing Director Arvind Nanda said the company began FY27 on a positive note with a resilient first-quarter performance despite a changing operating environment. He said near-term challenges from external market conditions may continue, but the company remains confident about its long-term growth prospects, supported by industry fundamentals, capacity expansion and sustained customer demand.
During the quarter, the company secured a major order worth INR 165 crore in Gujarat.
Source PTI
Advertisement
Facebook
Whatsapp
