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The company was formed as part of the disinvestment exercise carried out by the Government of India in respect of its holdings in the erstwhile VSNL (currently known as Tata Communications Limited).
Hemisphere Properties secured approval for its Pune land parcel sale. The e-auction for the land is scheduled, with approval granted upon a payment of ₹130.56 Cr to authorities. This is a significant step in monetizing assets.
Total income for the quarter ended December 31, 2024, stands at ₹1.83 crore, a decline from ₹2.08 crore in the same quarter last year, reflecting a decrease of approximately 12.0%. The drop in revenue can be attributed to reduced operational performance, likely linked to delays in project completions and slower...
The Registrar and Share Transfer Agent (RTA) of Hemisphere Properties India Limited has changed its name from "Link Intime India Private Limited" to "MUFG Intime India Private Limited," effective from December 31, 2024. All other contact details for the RTA remain unchanged. This update is important for shareholders and investors,...
Hemisphere Properties India Limited has initiated a Request for Proposal (RFP) for the sale of land parcels in Bopkhel, Pune, Maharashtra. This strategic move signals the company's intent to monetize its real estate holdings, potentially enhancing liquidity and funding future projects. The RFP document is available on the company’s website,...
Consolidated financials indicate solid performance, with total revenue of ₹1,277 crore, reflecting a year-over-year growth of approximately 12%. This growth can be attributed to increased market demand and strategic operational improvements. Net profit for the period stood at ₹210 crore, up from ₹175 crore last year, resulting in an EPS...