Century Textiles gains 4% after subsidiary's residential project sold out at launch

Century Textiles and Industries

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Century Textiles and Industries share price rose 4 percent in the early trade on September 27 after its subsidiary sold out a residential project in Bengaluru soon after the launch, garnering an aggregate booking amount of Rs 500 crore.

At 09:24 hrs Century Textiles and Industries was quoting at Rs 1,117.55, up Rs 44.70, or 4.17 percent on the BSE.

Birla Estates sold out phase 1 of Birla Trimaya within 36 hours of its launch, booking sales of 556 units. Birla Trimaya is a 52-acre land parcel in North Bangalore, which is in joint partnership with MS Ramaiah Realty LLP.

Catch all market action in our live blog

“The launch of Birla Trimaya Phase 1 has created a significant milestone as our third investment within this continually evolving city. This achievement only reaffirms our commitment to delivering extraordinary living experiences to our clients," Birla Estates MD & CEO KT Jithendran.

The company in the June quarter reported a 6.09 percent year-on-year decrease in revenue from operations at Rs 1,117.33 crore. The losses for the quarter stood at Rs 7.06 crore against a profit of Rs 45.40 crore in the same period of the previous year.

Birla Estates Private Limited, a 100 percent wholly owned subsidiary of Century Textiles and Industries Limited, is the real estate venture of the Aditya Birla Group. The company is developing land parcels both through outright purchases as well as asset-light joint ventures apart from developing its own land parcels.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.