Birla Estates, a subsidiary of Century Textiles & Industries Limited, achieved Rs 600 crore in bookings for Phase II of its Birla Trimaya project in Bengaluru within 24 hours of launch. This follows the strong performance of Phase I, which garnered Rs 500 crore in bookings within 36 hours.
Shares of Century Textiles traded at Rs 2,867.10 on the NSE, up 0.60 percent. The stock hit a high of Rs 2,910 during the day, rising nearly 3 percent.
The 52-acre project, which has seen cumulative bookings of Rs 1,100 crore so far, is likely to throw up a revenue potential of Rs 3,000 crore. K. T. Jithendran, MD & CEO of Birla Estates, said the company was keenly focusing on design differentiation and Bengaluru was one of the growth markets.
Century Textiles has given 123.99 percent YTD returns. The consolidated net profit for Q1 FY24 surged at Rs 17.35 crore against a loss of Rs 7.06 crore for the same period a year ago.
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Source: Moneycontrol
News Desk
