
Equinox India Development shares slipped 4% on Monday, January 13, logging an intraday low of ₹127 per share on the BSE. The selling pressure followed the release of the company’s Q3 FY25 results, which showed a significant revenue surge but weighed down on investor sentiment.
Key Stock Details:
- Last Traded Price: ₹126.76 (-4.09%)
- Day’s Range: ₹126.32 – ₹137.40
- 52-Week Range: ₹92.60 – ₹164.36
- Market Cap: ₹8,058 crore
- Sensex Performance: Down 0.84% at 76,726.79
Q3 FY25 Highlights:
- Revenue:
- Reported ₹278.5 crore, up 177% YoY from ₹100.55 crore.
- Net Profit:
- Recorded ₹22.39 crore, reversing a loss of ₹38.65 crore in the year-ago period.
- Expenses:
- Total expenses increased to ₹282.76 crore from ₹140.8 crore YoY.
Despite a strong show on Q3FY25 results, the shares were trading 4.09% lower at ₹126.76 on NSE.
Recent Developments:
The National Company Law Appellate Tribunal (NCLAT) recently approved the amalgamation of NAM Estates Private Limited and Embassy One Commercial Property Developments Private Limited (both Embassy Group entities) with Equinox India Developments, signaling strategic realignment.