AGI Infra Board Approves 1:2 Stock Split, Reports Stellar Earnings For Q2FY25

Taking investors more seriously, AGI Infra Ltd. a popular name in the development of Residential and commercial real estate has decided to carry out split in the stocks subject to approval of shareholders. As per the plan, each equity share will stand subdivided into two, therefore, the overall amount of shares possessed by the current equity shareholders changes. This split has been stated and will be from the record date scheduled after the oral authorisation of the shareholders has been sought after.

The Board of Directors considered "Approved Sub-division/ split of each equity share of the Company having a face value of Rs. Rs. of 10/- (Rupees Ten only) each, fully paid-up, into 2 (Two) equity shares having a face value of 5/- (Rupees Five only) each, fully paid-up. The sub-division/ split will be subject to approval the shareholders of the Company through postal ballot process. The record date for the purpose of above sub-division/split of Equity Shares shall be decided after obtaining approval for sub-division/ split from the shareholders," said AGI Infra in a stock exchange filing on Monday.

The company announced several big corporate events at the same time also the quarter and half-year financials ending September 30, 2024, are favorable for AGI Infra Ltd. According to the accounts, turnover for operations grew 9% over the same period last year, earning a total of Rs 7,756.26 lakh in Q2FY25 financial year as opposed to Rs 7,090.58 lakh in the same period last year. EBITDA showed a significant improvement of 33.23 per cent to reach 2 billion,908 million 95 thousand and lakhs from 2 billion,182 million 63 lakhs in Q2FY94 over the preceding period. In terms of profit after tax (PAT), the figure stood at Rs 1,745.40 lakh for the period under review, representing a 20.45 % increase from Rs 1,449.06 lakh for the quarter ending September of the previous fiscal year.

Operating revenue increased by 7.5 percent for the six months period ending on September 30, 2024, compared to the corresponding half of the preceding year, and was USD 15,018.76 lakh compared to USD 13,971.30 lakh recorded in the half year of FY24.

With an EBITDA of Rs. 5257.74 lakh in H1FY24, a whopping increase of 29.21% over Rs 4068.83 crore in the previous fiscal year, attributable to the increased sales in the Indian automobile sector, s PAT, has grown by 14.48%, amounting to a total of Rs 3168.56 lakh, instead of 2783.44 lakhs in H1FY24.

For the past 10 years, AGI Infra Ltd. has been active in the real estate business and has been able to complete 9 projects, which have a total saleable area of about 90,000 square feet. Commercial, group housing, and plotted layout projects are included in these projects, reflecting the quality concerns and innovation of the company.

At present, the company has 10 ongoing projects with a saleable area of about 9 million square feet under construction. A combination of group housing and commercial projects is included to cater to different market opportunities. Furthermore, apart from existing projects, AGI Infra has four more projects under the stage of approval in the territory of Punjab that cover a total saleable area of approximately 11.7 million square feet. They are expected to be completed in the next five years, indicating the company's objective of growth momentum. Though still in the development phase with a total capacity of 20 million square feet, AGI Infra Ltd should be in a commanding position for many years to come.

In addition, the company has obtained lands measuring 155 acres in areas within Punjab in anticipation of future development such as residential and commercial offices which are currently in the planning phase.

Multoring a number of societal segments, AGI Infra Ltd. has offered the clients housing facilities in the forms of 1 Bhk, 2 Bhk, 3 Bhk, 4 Bhk and even 5 BHK flat and penthouses. Such a holistic portfolio articulates its strive to cater to the growing demands of its clientele and the market but at reasonably competitive prices.

The management strategies of AGI Infra Ltd., along with its successful performance, are focused on value creation for the stakeholders and the growth of the company in the real estate business.