HUBTOWN LTD

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BSE Code: 532799       NSE Code: HUBTOWN

Business Profile
Business Profile
Mumbai-based Akruti City (AKRUTI), formerly known as Akruti Nirman was incorporated in 16 February, 1989. Akruti City is engaged in the business of development and sale of commercial, residential, retail and industrial property. It undertook civil engineering and development jobs for the government and the defence forces. In 1986, it decided to venture into the development of residential projects. Some of the projects completed by the company are Akruti Softech Park, Akruti Arcade, Akruti Business Port and Akruti Center in Mumbai.

AKRUTI entered into a slum rehabilitation venture in 1995. The company has the highest number of completed and ongoing SRA projects. Till 2006, the company has developed 5 million sq. ft. building area and about 4.8 million sq. ft. has been developed on land over which the company has obtained development rights through participation in slum rehabilitation projects in Mumbai. To date, the company has constructed over 9,400 units in 157 apartment buildings in Mumbai to house slum dwellers.

Akruti City has entered into a joint venture with DLF to construct the DLF Akruti Info Park in Pune, which will yield a saleable or leasable area of 5,000,000 sq. ft.

Financials
The company disclosed a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 73.55% to Rs 190.80 million from Rs 721.30 million in the same quarter last year. Net sales declined 64.09% to Rs 472 million, while total income for the quarter fell 63.21% to Rs 515.10 million, when compared with the prior year period. The company reported earnings of Rs 2.86 a share during the quarter, registering 73.54% decline over previous year period.

Other Information
Annual Reports for HUBTOWN LTD
Annual Report YearDownload Annual ReportDownload Report Preview
2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2004-05

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