| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 329.50 | 316.8% |
| Total Income | 338.89 | 138.9% |
| Expenditure | 15.11 | 31.2% |
| PBT | -13.65 | 91.9% |
| Net Profit | 7.92 | 107.1% |
| OPM | -19.43% | |
| NPM | 2.00% | 81.17pp |
| EPS | 0.09 | 104.3% |
Valor Estate Ltd Announces Q3 and Nine Months Results for Year Ended Dec 31, 2024: TEN BKC Project Nearing Completion, Low Debt: Equity Ratio, and Strategic Portfolio Optimization
13 Feb 2025 · 13 Feb 2025, 02:20 am
Summary
Valor Estate Limited (VEL) has announced its results for the Third Quarter and Nine Months year ended December 31, 2024. The TEN BKC project is nearing its final phase with a partial Occupancy Certificate obtained and expected delivery by mid-2025. VEL has a debt: equity ratio of 0.32:1. The company is also divesting non-core assets and entering the commercial market with approximately 13 million square feet planned in prime locations in Mumbai and Delhi. The hospitality business will be demerged into a wholly owned subsidiary.
Key Highlights
- 1
TEN BKC project approaching completion with partial OC obtained
- 2
Valor Estate has one of the lowest debt: equity ratios in the real estate sector
- 3
Strategic portfolio optimization by selling non-core assets
- 4
Entering the commercial market with approximately 13 million square feet planned
- 5
Hospitality business to be demerged into a wholly owned subsidiary
Management Comments
Vinod Goenka
Valor Estate consistently fortifies its position, centering on the revitalization of brownfield sites, underpinned by our expertise in land consolidation and the establishment of lasting strategic alliances. Bolstered by adept project execution and a strengthened balance sheet, our portfolio is harmoniously diversified, encompassing residential, commercial, hospitality, and retail sectors. We are on the cusp of rapid expansion in the forthcoming years, with a steadfast commitment to augmenting shareholder wealth.
Shahid Balwa
The TEN BKC project is approaching its final stages, with a partial Occupancy Certificate already secured and an anticipated completion date set for mid-2025. Progress is being made on the demerger of our hospitality business, which has been officially admitted by the National Company Law Tribunal (NCLT). A court-convened meeting is slated to be arranged shortly. Looking ahead, we aim to further develop our substantial land bank of approximately 513 acres and to expand our portfolio through strategic partnerships focused on brownfield land development.
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