Lok Housing & Constructions Limited
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BSE Code:
500256
NSE Code:
LOKHSG
Business Profile
Business Profile
Lok Housing and Constructions (LOKHSG), the flagship company of the Mumbai based Lok Group of Companies, was incorporated in 1986. Earlier known as Navdeep Construction Co., it got its present name in 1990. The Log group has a major presence in Mumbai with over 40 mini and mega residential complexes, commercial centers, and 17,000 premium units catering to all kind of housing and business needs.
The company`s portfolio of projects spans across Mumbai`s residential and commercial segments including Khar, Andheri, Vikhroli, and Mulund and outside Mumbai in Thane, Kalyan and Ambernath. It has completed projects like L K Arcade, LA Grace and LA Marie at Andheri; Lok Gram, Lok Dhara and Lok Vatika in Kalyan; Lok Angan, Lok Nisarg and Kok Kailash at Mulund to name a few.
Current projects include Lok Nirman at Khar, Lok Everest Premium at Mulund (West) and Lok Prabhat at Andheri East. The company has projects lined up like Lok Villa in Ambernath, Lok Nirman (phase II) at Khar, and Lok Raunak (phase II) at Andheri.
The registered office is located at Shop No 4, Lok Bhavan, Ground Floor, Lok Bharti Complex, Andheri (E), Mumbai-400059.
Financials
The company swung to loss for the quarter ended December 2008. During the quarter, the company reported loss of Rs 17.54 million compared with a profit of Rs 586.62 million in the same quarter last year. Net sales declined 91.93% to Rs 91 million, while total income for the quarter fell 91.99% to Rs 91.40 million, when compared with the prior year period. It posted loss of Rs 0.41 a share during the quarter compared with earnings of Rs 13.68 a share in prior year period.