Godrej Properties has reported a 42 per cent increase in net debt in the June quarter, reaching INR 4,637 crore, as the company continues to expand its housing portfolio through aggressive land acquisitions. Despite the rise, its debt-to-equity ratio remains at a comfortable 0.26. The company acquired five land parcels in Mumbai, Pune, Bengaluru and Panipat during the first quarter, with projects valued at INR 11,400 crore. It aims to surpass its sales booking guidance of INR 32,500 crore for this fiscal.Read more

Infosys has received a penalty of 97,035 Singapore dollars (over INR 66 lakh) from Singapore's tax authority for alleged delays in Goods and Services Tax (GST) payments for the April-June 2025 period. The company, which received the order on August 13, stated that the penalty does not have a material impact on its financials. In a separate development, Infosys also announced it will acquire a 75 percent stake in Versent Group, a subsidiary of Australian telecom company Telstra, for AUD 233.25 million (about INR 1,336 crore). This acquisition is part of a strategic collaboration to provide AI-enabled cloud and digital solutions for Australian businesses.Read more

TARC Ltd has delivered a clear turnaround, posting a consolidated net profit of INR 54.21 crore for the June quarter after experiencing a loss the same time last year. Total income jumped sharply to INR 295.36 crore, up from just INR 9.62 crore previously. This follows a challenging previous fiscal year, when the company ended deep in the red with a net loss exceeding INR 230 crore on modest income. Renewed momentum was driven by its real estate developments in Delhi and Gurugram, supported by strong housing demand and improved project execution.Read more

Brigade Enterprises' consolidated net profit nearly doubled to INR 158 crore in Q1 FY26, up 95% from INR 83.72 crore a year earlier, driven by strong residential sales and its successful INR 885.6 crore IPO. Total income rose 19% to INR 1,332.86 crore. Pre-sales hit INR 1,118 crore for 0.95 million sq ft, with average realisation per sq ft up 24% to INR 11,782. Leasing revenue grew 15% to INR 300 crore with 92% occupancy, while hospitality revenue rose 19% to INR 141 crore. With 16 million sq ft in planned launches and 1,700 hotel keys, Brigade's market position was further boosted by an ICRA rating upgrade to AA (Stable).Read more

Nila Spaces has committed INR 5 crore from internal accruals to Earth Fund as a limited partner, securing access to emerging ventures in smart infrastructure, low-carbon materials, and digital construction workflows. The move is designed to integrate advanced PropTech and sustainability-focused solutions into its developments, underscoring the company's strategic focus on innovation and climate-conscious real-estate growth.Read more

The Ahmedabad Municipal Corporation (AMC) is set to auction seven prime real estate plots across Bodakdev, Ambli, Chandkheda, Gota, and Sola, with a combined base price of INR 447 crore. The auction includes both residential and commercial plots, with the Bodakdev residential plot priced at INR 3.10 lakh per square meter. Two plots previously allocated to government bodies fell through due to price disagreements and missed payment deadlines. This marks AMC's third major auction push in 12 months, following previous auctions in March and August 2024.Read more

Grovy India Ltd achieved a net profit of INR 1.1 crore in the first quarter of the current fiscal, reversing a loss of INR 25 lakh from the previous year's same period. The company's revenue surged from INR 1.3 crore to INR 8.3 crore, driven by ongoing luxury apartment projects covering over 100,000 sq ft in South Delhi. Since its establishment in 1985, Grovy India has completed over 100 projects focused on independent floors, mainly in South Delhi. The company's improved financial health reflects growing demand for premium residential properties in the region.Read more

Puravankara Ltd recorded a consolidated net loss of INR 68.55 crore in the April-June quarter, reversing from a net profit of INR 14.78 crore in the same period last year. The Bengaluru-based realty firm's total income dropped to INR 538.64 crore from INR 675.55 crore year-on-year, reflecting a decline in revenue. Although total expenses decreased slightly from INR 654.41 crore to INR 628.76 crore, it was not enough to offset the fall in income. On a positive note, sales bookings rose by 6% to INR 1,124 crore, while sales volume slipped marginally but the average realisation improved by 9% to INR 8,988 per sq ft, indicating better pricing despite volume pressure.Read more

Genus Power Infrastructure posted a standalone net profit of INR 128.5 crore for the June quarter, over three times last year's INR 40.7 crore, driven by strong revenue growth and operational gains. Revenue rose to INR 942.4 crore from INR 414.2 crore, supported by higher sales volumes and efficiency improvements, despite increased finance costs. Known for smart metering solutions, the company credited the performance to robust execution and rising demand as utilities and industries adopt digital energy management. With government-backed energy efficiency initiatives boosting advanced metering infrastructure, Genus Power continues to strengthen its position in India's smart metering sector.Read more

Kalpataru Ltd reported a substantial consolidated net loss this week INR 49.42 crore markedly higher than the minor INR 0.69 crore loss in the same period last year. Total income dropped notably to INR 456.78 crore, although pre-sales rose sharply by 83 per cent to INR 1,249 crore and collections climbed 37 per cent. A significant factor behind the figures is the project-completion method now used for revenue recognition, leading to mismatched expenses and income. Despite strong demand and pricing, the timing of revenue booking overshadowed operational prospects.Read more