NEW DELHI: Hubtown Ltd, a real estate company, reported a 65% increase in consolidated net profit for the September quarter, reaching Rs 31.67 crore, driven by higher income.
The net profit in the same period last year was Rs 19.20 crore.
According to a regulatory filing from the Mumbai-based firm, total income increased to Rs 263.29 crore in the second quarter of this fiscal year, compared to Rs 139.31 crore in the corresponding quarter of the previous year.
“We observed significant progress in our ultra-luxury and premium residential projects,” stated Vyomesh Shah, Managing Director and Co-Founder of Hubtown Ltd.
Shah also mentioned the planned merger of companies managing the 25 West, 25 South, and 25 Downtown projects into Hubtown, which is expected to add over 5 million sq ft of valuable developable area.
Additionally, Hubtown aims to enhance its commercial portfolio with new office developments in Ghatkopar and Chembur, Mumbai.
“The company anticipates pre-sales of around Rs 6,000 crore in FY26, factoring in the expected contributions from the merging companies,” Hubtown stated.
