190 Investors following Modern India. Share this News with them.
0
Like this story, share it with millions of investors on M3
Modern Industries to raise Rs 170 cr
Modern India during the year FY07-08 income from operation has recorded growth of 181% so as profit before tax registered growth of 79%.
Modern India during the year FY07-08 income from operation has recorded growth of 181% so as profit before tax registered growth of 79%.
Key Takeawys from Modern India concall:
For the FY under review income from operation was at Rs 160 crore
PBT at Rs 7.37 crore
During the year income from operation has recorded growth of 181% so as profit before tax registered growth of 79%
EPS on Rs 2 paid up share stands at Rs 1.14 per share
Plans are foot to have integrated development of about 3.20 mn sq ft of Gross Leasable are in SEZ by the end of FY2011
Company get annual rental of Rs 250 crore
Promoter holding was 81%, out of that 2% equity get diluted
Company has give total 8 lakh sq ft area on lease at Mahalaxmi in Mumbai
Current tenants are MF Global, HDFC Bank, Centurion Bank, India Institute of Jewelry
Company plans to construct about 8,00,000 sq ft area ready in SEZ for fit out by April 2009
No much correction in property price in Proper Mumbai
In Suburb see heavy correction in property prices
Construction on 8 lakh sp ft, it will cost Rs 2500 per sq ft and total cost comes to Rs 170 cr
Company will raise Rs 170 crore by diluting equity or by PE
From FIIs Citi and GIC have major stake
For further details listen to concall.........
