Mr. Naresh Karda, Chairman & Managing Director
Nashik (Maharashtra) [India], August 9: BSE & NSE listed Karda Constructions Ltd. (KCL) (BSE: 541161; NSE: KARDA), a leading real estate developer, has announced excellent results for the quarter ended 30 June 2021. Total income rose from Rs. 1776.95 lakhs (Q1FY21) to Rs. 2028.76 (Q1FY22), a Y-O-Y increase of ~14%. The profit after tax (PAT) saw massive growth, from Rs. 174.46 Lakhs (Q1FY21) to Rs. 614.24 (Q1FY22), an increase of 252%.
The above announcement comes after the company had, in a board meeting held on 14 July 2021, recommended issuance of bonus shares in the ratio of 4:1, i.e. four equity shares for every one fully paid-up equity share of Rs.1/- each, which has been approved by the shareholders in the recently concluded AGM. As the board of directors had recommended the subdivision of the face value of shares from Rs.2/- to face value of Rs.1/- in its meeting on May 31, 2021, the consent for the same has also been received from the shareholders in the recently concluded AGM.
The company has fixed Friday, 13 August 2021, as the record date to determine eligible shareholders entitled to Sub-Division of shares and receive bonus shares.
“In the Post Covid times, Nashik has seen good demand for Low Budget Commercial properties as people are looking for an alternative source of Income. We have seen good absorption of Commercial properties in some of the recent projects and we are expecting a similar response in the new project,” said Naresh Karda, Chairman, Karda Constructions Limited.
The company’s business activity falls within two business segments – Development of Real Estate Properties and Civil Contracting Business.
Karda Constructions Ltd is a First-Generation Construction Company in Maharashtra and Western India with a disciplined and professional approach. The Company is founded and promoted by Mr. Naresh Karda in the year 2007. Promoter has an experience of more than 25 years in the construction industry. The company has established a brand name as “Hari” for all its projects. The Company has received an Award for the “Iconic Budget Home” by Times Realty Icons Award 2019, Navi Mumbai & Thane. The Company also received an Award for the “The Most Preferred Real Estate Company”, of Nashik at the event “My Maharashtra Awards-2019”.
957430 355574Intersting post and site. Great that Google listed so i was able to get here. This site will go no in my bookmarks from now. 271837
790397 361767I truly prize your function , Wonderful post. 304629
844023 210334I feel your suggestion would be valuable for me. I will let you know if its work for me too. Thank you for sharing this beautiful articles. thanks a whole lot 542944
674148 328696I just could not go away your web site before suggesting that I incredibly enjoyed the usual info a person supply to your guests? Is going to be back ceaselessly to be able to inspect new posts. 136771
820011 556282Thanks for all your efforts which you have put in this. really intriguing info. 883466
885111 38722The urge to gamble is so universal and its practice so pleasurable, that I assume it ought to be evil. – Heywood Broun 623130
774960 219558Hey there! Great post! Please when I will see a follow up! 257965
457387 989290New York Travel Tips […]below you will find the link to some sites that we think you must visit[…] 238161
903194 621669I like this web site so significantly, bookmarked . 346010
398606 651246never saw a website like this, relaly impressed. compared to other blogs with this post this was definatly the most effective internet site. will save. 174936
106838 500773Intriguing post. Positive that Ill come back here. Good function. 851005
649460 508950Yay google is my world beater aided me to locate this outstanding internet website ! . 463054
23126 221997hi was just seeing if you minded a comment. i like your web site and the thme you picked is awesome. I is going to be back. 428566
889223 674974hello, your site is genuinely good. We do appreciate your give excellent outcomes 740257