Prestige Group Buys 102 Acres For Rs 200 Billion Housing Projects
Prestige Group has acquired 102 acres of land during the April–June quarter of FY26, aiming to develop housing projects with a potential sales value of Rs 200 billion. The Bengaluru-based real estate major purchased plots in Bengaluru, Hyderabad, and Chennai to expand its residential portfolio.Chairman and Managing Director Irfan Razack said the acquisitions align with the company’s strategy to strengthen its presence in high-demand urban markets. Prestige Group plans to launch several large-scale residential projects over the next few years, catering to mid-income and premium homebuyers.I..
Ambuja Cements Q2 Profit Climbs 34 Per Cent To Rs 15.4 Billion
Ambuja Cements Ltd has reported a consolidated net profit of Rs 15.4 billion for the quarter ended June 2025, up 34 per cent from Rs 11.5 billion a year earlier. Consolidated revenue from operations increased 15 per cent year-on-year to Rs 97.8 billion from Rs 84.9 billion.The company attributed the performance to robust cement demand across key markets, improved realisations, and cost efficiency measures. EBITDA rose 28 per cent to Rs 21.5 billion, supported by higher volumes and better price management.Ambuja Cements continues to focus on expanding its production capacity, enhancing sustaina..
Biocon Q1 Profit Rises 7 Per Cent To Rs 2.9 Billion
Biocon Ltd has posted a consolidated net profit of Rs 2.9 billion for the quarter ended June 2025, up 7 per cent from Rs 2.7 billion a year earlier. Consolidated revenue from operations increased 5 per cent year-on-year to Rs 41.6 billion from Rs 39.7 billion.The company attributed the growth to strong demand for its biosimilars portfolio, particularly in key global markets, alongside improved performance in its generics and research services segments. EBITDA stood at Rs 9.3 billion, representing a 6 per cent increase, supported by better product mix and operational efficiencies.Executive Chai..
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