Arihant Superstructures' net profit falls drastically in Q4 FY2
Real Estate

Arihant Superstructures' net profit falls drastically in Q4 FY2

Arihant Superstructures reported a 97.67% decrease in net consolidated profit for the quarter ending March 31, 2023. Its profit after tax was Rs 23.47 lakh in Q4 FY23, compared to Rs 98.7 billion in the previous fiscal's corresponding period, according to a BSE filing.

The company's net consolidated total income was Rs 665 billion in Q4 FY23, a 7.32 percent decrease from Rs 712.7 billion in the same period prior year.

In a separate regulatory filing, the business stated that Virendra Mital will step down as an independent director on May 22, 2023, after completing his second five-year term.

The board of directors authorized the appointment of Dhhaj Jopat as the company's chief financial officer, effective May 22, 2023.

The board also recommended a final dividend of Rs 10 per equity share for the fiscal year 2022-2023, according to the regulatory filing.

See also:
Arihant Superstructures to invest Rs 4 billion in its new project in Mumbai
This firm's ticket sizes range from Rs 2.8 million to Rs 31.5 million


Arihant Superstructures reported a 97.67% decrease in net consolidated profit for the quarter ending March 31, 2023. Its profit after tax was Rs 23.47 lakh in Q4 FY23, compared to Rs 98.7 billion in the previous fiscal's corresponding period, according to a BSE filing. The company's net consolidated total income was Rs 665 billion in Q4 FY23, a 7.32 percent decrease from Rs 712.7 billion in the same period prior year. In a separate regulatory filing, the business stated that Virendra Mital will step down as an independent director on May 22, 2023, after completing his second five-year term. The board of directors authorized the appointment of Dhhaj Jopat as the company's chief financial officer, effective May 22, 2023. The board also recommended a final dividend of Rs 10 per equity share for the fiscal year 2022-2023, according to the regulatory filing. See also: Arihant Superstructures to invest Rs 4 billion in its new project in Mumbai This firm's ticket sizes range from Rs 2.8 million to Rs 31.5 million

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?