Deals13 Aug 2026, 01:38 pm
Lancor Holdings Signs JDA for 20 Luxury Apartments; Reports ₹17.24 Cr PAT
AI Summary
Lancor Holdings Ltd has announced a Joint Development Agreement (JDA) for a new project named "Lancor Kamalam" in Chennai, involving the construction of 20 luxurious residential apartments, with the company to develop 10 units. The company also reported a Profit After Tax (PAT) of ₹17.24 crores for the quarter ended June 30, 2026. This PAT includes ₹15.33 crores from the sale of a commercial property and ₹1.91 crores from ongoing operations. The company will provide further updates on project development and business operations.
Key Highlights
- Signed JDA for 'Lancor Kamalam' residential project in Chennai.
- Company to develop 10 out of 20 luxury apartments.
- Reported Q1 FY27 PAT of ₹17.24 crores.
- PAT includes ₹15.33 crores from commercial property sale.
- Operations contributed ₹1.91 crores to PAT.
Price Impact
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