Valor Estate Posts Rs 11.33 Billion Revenue in FY25

31 May 2025 CW Team

Valor Estate Limited (formerly DB Realty Limited) reported a revenue of Rs 11.33 billion for the financial year ended 31st March 2025, up 217 per cent from Rs 3.57 billion in FY24. This surge was driven by real estate income of Rs 7.66 billion, primarily from the TEN BKC project, which contributed Rs 5.35 billion in Q4FY25 alone following a partial occupancy certificate.

The company also completed the sale of a non-core asset worth Rs 2.73 billion and announced a strategic commercial development at Sahar with Prestige Estates Projects Limited. This 1.5 million square foot project carries a Gross Development Value of Rs 45 billion, with both partners holding equal economic interest.

In hospitality, VEL earned Rs 1.08 billion in FY25, with an EBITDA of Rs 543.1 million in Q4FY25. The Hilton Mumbai reported a 92 per cent occupancy, while Grand Hyatt Goa recorded 81 per cent.

VEL is in the final stages of demerging its hospitality business into Advent Hotels International Private Limited. The company maintained a debt-to-equity ratio of 0.30:1, including hospitality loans, highlighting its capital-efficient approach.

Source:Valor Estate Limited

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..