Brigade Enterprises reported its FY26 pre-sales dipped 5% to Rs 7,424 crore, attributing the slowdown to delays in securing necessary approvals and affecting fresh supply. Alongside the update, the board recommended a 1:3 fully paid-up bonus issue, pending shareholder and company member approval, offering investors additional equity despite softer sales momentum.
Sri Lotus Developers and Realty Ltd posted an 11% rise in consolidated net profit to Rs 95.57 crore for the quarter ended March. Revenue surged to Rs 322.03 crore in Q4. For FY 2025-26, net profit grew to Rs 237.08 crore, while total income increased to Rs 818.71 crore, signaling stronger momentum across the year.
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Alpha Corp Development Ltd plans to pour nearly Rs 900 crore into three stalled housing and commercial projects across Greater Noida and Gurugram. The move is expected to bring tangible relief to over 3,000 existing customers by restarting development and completing long-delayed work in the Delhi-NCR region.
Indian equities snapped a months-long slide with a sharp rebound in April, marking the Nifty’s best month since December 2023. The broad market led gains, with midcaps and smallcaps outperforming strongly. Sectoral action was led by defence and realty, while banks and IT recovered only moderately, signaling a selective rally rather than a uniform boom.
Sunteck Realty reported a 34% increase in FY26 net profit to Rs 202 crore, driven by strong sales momentum and steady margins. Revenue grew 32% for the full year, while operational pre-sales rose 25% annually, signaling continued demand and a supportive topline for the real estate developer.
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