Arkade Builders Q1 revenue jumps over 4 occasions to Rs 30.21 cr

Realty agency Arkade Builders Ltd, which bought listed on the inventory exchanges lately, has reported a greater than four-fold bounce in its consolidated web revenue to Rs 30.21 crore for the primary quarter of this fiscal yr. Its revenue stood at Rs 6.57 crore within the year-ago interval.

Whole revenue doubled to Rs 125.51 crore throughout the April-June interval of this fiscal from Rs 62.01 crore within the corresponding interval of the previous fiscal.

“The Indian actual property market, notably the luxurious housing phase, has witnessed robust demand pushed by urbanisation and rising incomes,” Amit Jain, Chairman and Managing Director of Arkade Builders, stated.

Mumbai-based Arkade raised Rs 410 crore final month by means of its preliminary public providing (IPO).