Lotus picks up stake in Karda Constructions

02 Feb 2021 Editorial Team

Lotus Global Investment Fund had recently announced that it had contract orders worth Rs 1835.14 million in hand. The company said that its focus would be on improvising the processes, adaptable approach in business, use of technology and online and digital platforms and cost optimisation for better performance and for reaching out to the millennial that constitutes the larger part of buyers.

Karda Constructions Limited posted good income, sales volume and collections during FY20 despite challenges thrown by Covid-19 during the last fortnight of the fourth quarter. The group enjoys a good reputation for on-time deliveries and providing value for money to buyers in all the three segments—affordable, mid-and high-income segments. Karda group has grown in deliverables and continues to make a healthy 25%-28% EBITDA margins.

The company news release states that the new joint venture (JV) model ensures that a sales value of Rs 250 crore into company books will need only Rs 30-50 crores loan for two years and therefore interest burden on such project is just Rs10-12 crores. EBITDA is higher in the JV model at about 45-50% on sales revenue. The new projects under this model are expected to generate sales of Rs 600 crore, thus earning the company Rs 300 crore over a period of next three to four years. The company will receive a contribution of PBT at Rs 250 crore and PAT of Rs 200 crore on these new projects alone.

Several broking houses including IIFL, Khambatta Securities, Mangal Keshav Securities have previously given Buy Call for investment in shares of Karda Construction Ltd.

Written from a company press release

Image Source

Lotus Global Investment Fund has recently picked up a stake in BSE and NSE listed Real Estate Giant, Karda Constructions Ltd. The company picked up 325,000 shares in Karda Constructions Ltd at Rs 111 on 28 January 2021 as per bulk deal data available on NSE. Lotus Global Investment Fund had recently announced that it had contract orders worth Rs 1835.14 million in hand. The company said that its focus would be on improvising the processes, adaptable approach in business, use of technology and online and digital platforms and cost optimisation for better performance and for reaching out to the millennial that constitutes the larger part of buyers. Karda Constructions Limited posted good income, sales volume and collections during FY20 despite challenges thrown by Covid-19 during the last fortnight of the fourth quarter. The group enjoys a good reputation for on-time deliveries and providing value for money to buyers in all the three segments—affordable, mid-and high-income segments. Karda group has grown in deliverables and continues to make a healthy 25%-28% EBITDA margins. The company news release states that the new joint venture (JV) model ensures that a sales value of Rs 250 crore into company books will need only Rs 30-50 crores loan for two years and therefore interest burden on such project is just Rs10-12 crores. EBITDA is higher in the JV model at about 45-50% on sales revenue. The new projects under this model are expected to generate sales of Rs 600 crore, thus earning the company Rs 300 crore over a period of next three to four years. The company will receive a contribution of PBT at Rs 250 crore and PAT of Rs 200 crore on these new projects alone. Several broking houses including IIFL, Khambatta Securities, Mangal Keshav Securities have previously given Buy Call for investment in shares of Karda Construction Ltd. Written from a company press release Image Source

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..

Infrastructure Energy

05 Nov 2025

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..

Infrastructure Urban

05 Nov 2025

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..