Arkade Developers reports 9.38% drop in Q2 FY25 net profit

15 Nov 2024 CW Team

Arkade Developers reported a 9.38% decline in net consolidated profit for the quarter ending September 30, 2024. Profit after tax stood at Rs 433.6 million in Q2 FY25, compared to Rs 478.5 million during the same period last year, according to the company’s filing with the BSE.

The company’s net consolidated total income also saw a 3.66% dip, reaching Ra 2.03 billion in Q2 FY25, down from Rs 2.11 billion in the corresponding quarter of FY24.

Promoter and CMD Amit Mangilal Jain stated, "We’ve lined up strategic launches for the next two quarters to maintain momentum. Our expansion into Eastern Mumbai suburbs and a robust pipeline of redevelopment projects will drive growth, supported by a strong balance sheet and healthy cash flows."

The board also approved the appointment of Sumesh Mishra as an additional director. In operational highlights, the company reported pre-sales of Rs 2.15 billion and collections of Rs 1.8 billion during the quarter.

(ET)

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..